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Full text of "Statistical summary, January - December 1954"

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^Overnight only 

P332.105 13226 1954 

aank of Canada 

Statistical summary 



DATE DUE 



B n b b n \a/ eo • c ki 



BANK OF CANADA 

STATISTICAL SUMMARY 



TABLES 

Bank of Canada: Liabilities and Assets 1-2 

Chartered Banks: Liabilities and Assets 1-2 

General Public Holdings of Certain Liquid Assets 3-4 

Chartered Banks: Estimated Quarterly Classification 

of Loans in Canada 7 

Bond Issues and Retirements 8 

Bonds Outstanding 9 

'Government Bond Yields and Treasury Bill Rates 9 

Foreign Exchange Rates 10 

Official Holdings of Gold and U.S. Dollars 10 

Canadian Gold Statistics 11 

U.S.A. Economic Statistics 11 

Price Indexes 12 

Labour Force Status of the Population 13 

Employment and Labour Income 14 

Estimates of Labour Income 14 

Volume of Industrial Production 15 

External Trade and Trade Indexes 16 

Merchandise Exports: Commodity Classification by Volume 17 

Merchandise Imports: Commodity Classification by Volume . 18 






CHARTS 

Chartered Banks: Ratio of Cash in Canada 

to Canadian Deposits 5 

Chartered Banks: Distribution of Major Canadian Assets . . 5 

Chartered Banks: Agricultural, Industrial 

and Commercial Loans 6 

Chartered Banks: Canadian Deposits, Canadian Loans and 
Non-Government Securities, and Government of Canada 
Securities 6 

United States Dollar in Canadian Funds 10 

Canadian Agriculture: Indexes of Production 

and Farm Cash Income 12 

Indexes of Industrial Production 15 

Tables and Charts may be reproduced or referred to provided that the Bank of Canada 
Statistical Summary, with its date, is specifically quoted as the source. Subscription: 25c per 
copy, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa. 



JANUARY 1954 




Digitized by the Internet Archive 
in 2013 



http://archive.org/details/statisticalsumma1954bank 



JANUARY 1954 * JANUARY 1954 

BANK OF CANADA 



Millions of Dollars 


















IMVL^in. Wi 1 >-"»»■.* — 




















Millions of Dollars 












LIABILITIES 










ASSETS 










Chartered Bank Cash 


Govt, of 
Canada 
Deposits 


Other- 
Deposits 


Foreign 
Currency 
Deposits 1 


Active 

B. of C. 

Note 

Circulation 


All 

Other 

Accounts 


Total 
Liabilities Gold 
or 

Assets 


Silver 


Foreign 1 
Exchange 


Securities 


Advances 


All 

Other 

Accounts 






Notes 
in Tills 


Deposits 

at 
B.ofC. 


Total 


Govt, of Canada 
and Provincial 


Ind. Dev. 

Bank 
Cap. Stock 


Other 
Securities 


Total 






Under 2 yrs. 


Over 2 yrs. 




As at Dec. 31 J 
1935 
1937 
1939 


40.6 


181.6 


222.2 


17.9 


.8 




59.1 


7.7 


307.7 180.5 


1.6 


4.2 


30.9 


83.4 


_ 




114.3 


3.5 


3.5 


As at Dec. 31' 
1935 


53.9 


196.0 


249.9 


11.1 


3.5 


- 


111.4 


14.4 


390.3 179.8 


3.0 


14.9 


82.3 


91.6 


- 


12.2 


186.1 




6.5 


1937 


70.6 


217.0 


287.6 


46.3 


17.9 


- 


162.2 


13.3 


527.2 225.7 
* 
1,948.6 


- 


64.3 


181.9 


49.9 


- 


- 


231.8 


- 


5.5 


1939 


1946 


176.9 


565.5 


742.3 


60.5 


93.8 


1.0 


1,009.3 


41.7 


- 


1.0 


1,197.4 


708.2 


15.0 


_ 


1,920.6 


_ 


27.1 


1946 


1947 


183.9 


536.2 


720.1 


68.8 


67.5 


2.0 


1,027.5 


40.4 


1,926.2 ' 


- 


2.0 


1,022.0 


858.5 


25.0 


- 


1,905.6 


_ 


18.7 


1947 


1948 


190.8 


547.3 


738.1 


98.1 


81.0 


.4 


1,098.3 


42.7 


2,058.6 


— 


.5 


1,233.7 


779.1 


25.0 


_ 


2,037.7 


_ 


20.4 


1948 


1949 


211.8 


541.7 


753.5 


30.7 


126.9 


79.6 


1,095.6 


39.5 


2,125.9 


- 


74.2 


1,781.4 


227.8 


25.0 


5.5 


2,039.7 


_ 


12.0 


1949 


1950 


231.3 


578.6 


809.9 


24.7 


207.1 


133.6 


1,136.1 


39.0 


2,350.3 


- 


111.7 


1,229.3 


712.5 


25.0 


247.9 


2,214.7 


_ 


24.0 


1950 


1951 


273.1 


619.0 


892.1 


94.9 


66.1 


155.6 


1,191.1 


44.4 


2,444.1 


- 


117.9 


1,141.8 


1,049.3 


25.0 


89.0 


2,305.1 


_ 


21.0 


1951 


1952 


272.5 


626.6 


899.1 


16.2 


44.5 


82.9 


1,288.7 


50.0 


2,381.4 


- 


77.2 


1,459.8 


767.2 


25.0 


13.0 


2,265.0 


_ 


39.2 


1952 


1953 - 


263.8 


623.9 


887.7 


51.5 


29.5 


63.8 


1,335.3 


69.3 


2,437.2 


- 


55.1 


1,376.6 


893.7 


25.0 


23.4 


2,318.6 


- 


63.5 


1953 


End of 
ig52 — Oct. 


194.6 


668.8 


863.4 


18.8 


56.0 


48.4 


1,291.0 


51.4 


2,329.0 


- 


42.9 


1,286.7 


896.1 


25.0 


35.8 


2,243.6 


_ 


42.5 


End of 
Oct.— 1952 




204.9 


607.3 


812.2 


15.0 


65.1 


73.5 


1,293.9 


51.8 


2,311.4 


- 


67.6 


1,214.3 


957.3 


25.0 


12.4 


2,208.9 


- 


34.8 


Nov. 


Dec. 2 


272.5 


626.6 ' 


899.1 


16.2 


44.5 


82.9 


1,288.7 


50.0 


2,381.4 


- 


77.2 


1,459.8 


767.2 


25.0 


13.0 


2,265.0 


- 


39.2 


Dec. 8 


1953— Jan. 


213.4 


603.1 


816.5 


40.5 


47.6 


70.2 


1,266.2 


60.0 


2,300.9 


_ 


64.4 


1,351.2 


803.0 


25.0 


13.4 


2,192.6 


_ 


43.8 


Jan.— 1953 


Feb. 


191.5 


668.0 


859.5 


88.6 


51.4 


77.4 


1,281.3 


31.8 


2,390.1 


- 


72.1 


1,411.9 


817.5 


25.0 


14.2 


2,268.6 


- 


49.5 


Feb. 


Mar. 


232.3 


601.1 


833.4 


60.6 


66.5 


71.0 


1,261.1 


34.1 


2,326.7 


- 


65.7 


1,371.0 


810.9 


25.0 


14.5 


2,221.3 


- 


39.8 


Mar. 


Apr. 


232.7 


646.7 


879.3 


48.3 


76.8 


73.4 


1,272.1 


37.2 


2,387.2 


- 


68.1 


1,436.6 


796.0 


25.0 


15.0 


2,272.7 


- 


46.4 


Apr. 


May 


210.4 


594.9 


805.4 


■ 45.6 


72.1 


64.8 


1,307.5 


50.1 


2,345.4 


- 


59.4 


1,364.8 


821.4 


25.0 


15.5 


2,226.7 


- 


59.3 


May 


June 


239.0 


647.6 


886.7 


47.9 


82.6 


72.0 


1,290.0 


44.9 


2,424.2 


- 


66.5 


1,405.5 


852.0 


25.0 


15.5 


2,298.1 


- 


59.5 


June 


July 


214.2 


646.6 


860.8 


43.8 


68.7 


80.9 


1,333.0 


65.4 


2,452.6 


- 


75.0 


1,451.6 


838.5 


25.0 


15.7 


2,330.8 


- 


46.7 


July 


Aug. 


247.7 


617.8 


865.5 


66.4 


35.2 


73.3 


1,302.0 


53.1 


2,395.4 


- 


67.5 


1,414.0 


830.9 


25.0 


15.8 


2,285.8 


- 


42.1 


Aug. 


Sept. 


262.0 


616.9 


878.9 


15.4 


37.8 


74.9 


1,290.5 


63.0 


2,360.5 


- 


69.1 


1,385.7 


824.9 


25.0 


16.1 


2,251.7 


- 


39.8 


Sept. 


Oct. 


211.2 


733.6 


944.8 


3.8 


37.2 


76.0 


1,344.7 


64.8 


2,471.3 


- 


70.7 


1,469.9 


812.1 


25.0 


36.4 


2,343.5 


- 


57.1 


Oct. 


Nov. 


256.2 


625.6 


881.8 


50.3 


43.4 


67.2 


1,303.1 


78.5 


2,424.3 


_ 


61.4 


1,378.6 


894.9 


25.0 


17.1 


2,315.5 


1.5 


45.9 


Nov. 


Dec.« 


263.8 


623.9 


887.7 


51.5 


29.5 


63.8 


1,335.3 


69.3 


2,437.2 


— 


55.1 


1,376.6 


893.7 


25.0 


23.4 


2,318.6 


" 


63.5 


Dec." 



Includes foreign exchange items for foreign clients and also the Government of Canada and, commencing March 31. 1949, the Exchange Fund Account, 
minimum gold reserves .requirement ha3 been in suspense. 



2. Before the transfer of Bank of Canada profits for the year ending December 31 from "All Other Accounts" to "Government of Canada Deposits". 



Millions of Dollars 



CHARTERED BANKS 

Bank of Canada 



As at Dec. 31 
1926 
1929 
1933 
1937 
1947 
1949 
1950 
1951 
1952 
1953 
End of 
1952— Oct. 

Nov. 

Dec. 

1963— Jan. 
Feb. 
Mar. 
Apr. 
May 
June 
July 
Aug. 
Sept. 
Oct. 
Nov. 
Dec. 



LIABILITIES 



Notes 



175 
175 
132 
102 
18 
14 



Deposits 



Public 
Demand 



729 
502 
699 
2,296 
2,426 
2,770 
2,963 
3,242 
3,180 

3,068 
3,106 
3,242 

2;974 
2,949 
2,936 
3,115 
3,040 
3,143 
3,049 
3,139 
3,150 
3,152 
3,150 
3,180 



Notice 



Govt, of 

Canada 

and Prov. 



1,373 

1,434 
1,357 
1,583 
3,740 
4,333 
4,558 
4,612 
4,924 
5,034 

4,901 
4,916 
4,924 

4,945 
5,008 
5,067 
5,107 
5,100 
5,126 
5,152 
5,206 
5,226 
5,148 
5,068 
5,034 



31 
92 

61 
53 
376 
367 
500 
322 
255 



351 
269 
255 

270 
352 
455 
419 
346 
365 
295 
306 
316 
444 
701 



Canadian 
Deposits 



2,025 
2,270 
1,933 
2,387 
6,473 
7,348 
7,997 
8,088 
8,623 
9,122 

8,529 
8,501 
8,623 

8,357 
8,471 
8,618 
8,827 
8,681 
8,852 
8,694 
8,815 
8,884 
8,952 
9,142 
9,122 



Foreign 



Total 
Deposits 



334 
442 
322 
409 
824 
730 
735 
795 
865 



835 
865 
865 



845 
876 



915 
908 
904 



872 
879 



900 
938 



Estimated month-end deposits payable in Canadian currency. 



2,410 
2,820 
2,294 
2,819 
7,406 
8,177 
8,867 
9,003 
9,570 
10,140 

9,445 
9,435 
9,570 

9,275 
9,437 
9,586 
9,815 
9,656 
9,822 
9,640 
9,755 
9,834 
9,919 
10,130 
10,140 



ASSETS 



Cash 
in j 
Canada 



228 
228 
196 
250 
720 
753 
810 
892 



812 
899 

817 
860 
833 
879 
805 
887 
861 
865 
879 
945 
882 



Securities 



Govt, of 
Canada 



Prov- 
incial 



304 

297 

651 

1,111 

3,116 



3,112 

3,079 
2,754 
2,784 
2,760 

2,991 
2,839 
2,784 

2,863 
2,940 
3,024 
3,038 
2,915 
2,854 
2,787 
2,813 
2,843 
2,726 
2,730 
2,760 



445 
416 
355 
379 
334 

380 
392 
379 

330 
322 
308 
309 
320 
310 
297 
299 
301 
319 
329 
334 



Foreign 
Govt. 



Other 



Total 



180 
151 
210 



59 
271 
242 
193 
200 
255 
236 

233 
230 
255 

266 
250 
236 
248 
252 
254 
257 
243 
251 
228 
223 
236 



484 
448 
861 



242 


1,411 


487 


3,874 


545 


4,345 


599 


4,286 


567 


3,876 


537 


3,955 


501 


3,831 


543 


i 4,147 


545 


4,006 


537 


3,955 


522 


, 3,981 
4,042 


529 


514 


4,082 


540 


4,135 


537 


4,024 


537 


3,956 


532 


3,872 


531 


3,886 


522 


3,918 


517 


3,789 


506 


3,789 


501 


3,831 



Loans 



151 
262 
106 
76 
105 
133 
134 
107 
155 
154 

130 
121 
155 

135 
141 
140 
152 
138 
123 
125 
135 
110 
144 
152 
154 



970 
1,403 
898 
749 
1,921 
2,174 
2,651 
2,901 
3,188 
3,790 

3,096 
3,243 
3,188 

3,178 
3,181 
3,262 
3,372 
3,402 
3,469 
3,543 
3,621 
3,648 
3,718 
3,856 
3,790 



85 
122 
138 
113 
78 
97 
125 
127 
101 
107 

116 
108 
101 

115 

120 
132 
136 
124 
107 
106 
111 
124 
120 
120 
107 



273 

245 

90 

60 

56 

70 

100 

131 

170 

272 

145 
156 
170 

158 
186 
147 
178 
168 
179 
177 
195 
173 
208 
254 
272 



270 
251 
138 
166 
234 
211 
247 
278 
264 



263 
273 
264 



265 
274 
270 
273 
270 
254 
251 
251 
259 
260 
268 



Total 

Assets 



2,940 
3,521 
2,816 
3,281 
7,974 
8,718 
9,496 
9,610 
10,157 
10,722 

10,042 
10,038 
10,157 

9,872 
10,034 
10,182 
10,416 
10,242 
10,398 
10,210 
10,318 
10,398 
10,506 
10,720 
10,722 



* Since May 1940 the 



Millions of Dollars 



Includes inter-bank deposits. 
: outstanding notes 1^10^^^^^ 



DAILY AVERAGE DATA 




Cash 




Percent 


Total 




Canadian 


of Cash to 


Active 




Canada 


Deposits 


Canadian 


Note s 




4 


Deposits 


Circulation 












Aver, of Daily Figures 


192 


1,958 


9.8 


195 


1926 


191 


2,293 


8.3 


205 


1929 


189 


1,941 


9.8 


157 


1933 


240 


2,357 


10.2 


200 


1937 


670 


6,209 


10.8 


1,013 


1947 


746 


7,178 


10.4 


1,087 


1949 


755 


7,487 


10.1 


1,085 


1950 


791 


7,759 


10.2 


1,132 


1951 


845 


8,110 


10.4 


1,207 


1952 


883 


8,624 


10.2 


1,275 


1953 


868 


8,393 


10.3 


1,246 


Oct.— 1952 


848 


8,443 


10.0 


1,255 


Nov. 


840 


8,314 


10.1 


1,282 


Dec. 


906 


8,426 


10.8 


1,230 


Jan.— 1953 


889 


8,296 


10.7 


1,232 


Feb. 


883 


8,407 


10.5 


1,245 


Mar. 


869 


8,618 


10.1 


1,257 


Apr. 


880 


8,699 


10.1 


1,269 


May 


865 


8,529 


10.1 


1,268 


June 


875 


8,685 


10.1 


1,286 


July 


874 


8,669 


10.1 


1,295 


Aug. 


878 


8,651 


10.1 


1,294 


Sept. 


889 


8,787 


10.1 


1,304 


Oct. 


892 


8,935 


10.0 


1,299 


Nov. 


896 


8,787 


10.2 


1,318 


Dec. 



janu^i^KE-ofS ; ; : -'" j; " : - "*" ' ' ' 



N„,„. „„H "K-r.." Central Gold Reserve Deposits- after that date, Bank of Canada Notes and Deposits. 4. Figures given are averages of estimated month- 
Notes and tree central L,oia Keserve ^■"■" 1 ° K""* . . Sm ,„ „„,„ .; N „, p . i.,„„rt f nr rimHtnn outside Canada only commencing in 



Millions of Dollars 



JANUARY 1954 

GENERAL PUBLIC HOLDINGS 
Currency, Bank Deposits and 

Bank of 



1. CANADIAN DOLLAR CURRENCY AND BANK DEPOSITS HE 



Currency and Active Bank Deposits 



Currency 
Outside Banks 



Notes 



1,136 
1,191 
1,289 
1,335 

1,291 
1,294 
1,289 

1,266 
1,281 
1,261 
1,272 
1,307 
1,290 
1,333 
1,302 
1,291 
1,345 
1,303 
1,335 



Coin 



78 
84 



94 



87 



92 
92 
92 
94 
94 



Total 



1,214 
1,275 
1,377 
1,429 

1,379 
1,383 
1,377 

1,353 
1,369 
1,349 
1,361 
1,398 
1,378 
1,425 
1,394 
1,383- 
1,439 
1,397 
1,429 



Active Bank Deposits 1 



Chartered Banks 



Public 
Demand 



2,770 
2,963 
3,242 

3,180 

3,068 
3,106 
3,242 

2,974 
2,949 
2,936 
3,115 
3,040 
3,143 
3,049 
3,139 
3,150 
3,152 
3,150 
3,180 



Active 
Notice 



697 
717 
796 
823 

788 
790 
796 

805 
816 
824 
831 
832 
835 
839 
851 
855 
844 
829 
823 



Other 

excl. 

Govt, of 

Canada 



413 
449 
453 

434 

441 
403 
453 

371 
363 
450 
415 
403 
497 
383 
323 
432 
387 
362 
434 



Total 



3,880 
4,129 
4,491 
4,437 

4,297 
4,299 
4,491 

4,150 
4,128 
4,210 
4,361 
4,275 
4,475 
4,271 
4,313 
4,437 
4,383 
4,341 
4,437 



Less: 
Float 



450 
627 
740 
762 



618 
740 

540 
547 
585 
571 
609 
722 
610 
585 
622 
662 
757 
762 



Net 
Total 



3,430 
3,502 
3,751 

3,675 

3,708 
3,681 
3,751 

3,610 
3,581 
3,625 
3,790 
3,666 
3,753 
3,661 
3,728 
3,815 
3,721 
3,584 
3,675 



Bank of 
Canada 
"Other" 
Deposits 



207 
66 
45 
30 

56 
65 
45 



51 
67 
77 
72 
83 
69 
35 
38 
37 
43 
30 



Total 



3,637 
3,568 
3,796 

3,705 

3,764 
3,746 
3,796 

3,658 
3,632 
3,692 
3,867 
3,738 
3,836 
3,730 
3,763 
3,853 
3,758 
3,627 
3,705 



Total 

Currency 

and 

Active 

Bank 

Deposits 



4,851 
4,843 
5,173 
5,134 

5,143 
5,129 
5,173 

5,011 
5,001 
5,041 
5,228 
5,136 
5,214 
5,155 
5,157 
5,236 
5,197 
5,024 
5,134 



JANUARY 1954 
OF CERTAIN LIQUID ASSETS* 

GOVERNMENT OF CANADA SECURITIES 

Canada 



Millions of Dollars 



LD BY THE GENERAL PUBLIC, AND RELATED BANK ASSETS 



Inactive 8 

Chartered 

Bank 

Notice 

Deposits 



3,861 
3,894 
4,129 
4,211 

4,113 
4,125 
4,129 

4,139 
4,192 
4,242 
4,276 
4,268 
4,291 
4,313 
4,355 
4,371 
4,304 
4,239 
4,211 



Total 

Currency 

and 

Bank 

Deposits 

Total 

Related 

Bank 

Assets 



8,712 
8,737 
9,302 
9,345 

9,255 
9,254 
9,302 

9,150 
9,193 
9,283 
9,504 
9,404 
9,505 
9,468 
9,512 
9,607 
9,501 
9,263 
9,345 



Related Bank Assets 



Government of Canada debt 

held by Bank of Canada 

and Chartered Banks 



Total 



5,021 
4,945 
5,011 
5,030 

5,174 
5,011 
5,011 

5,017 
5,169 
5,205 
5,271 
5,101 
5,112 
5,077 
5,058 
5,053 
5,008 
5,004 
5,030 



Less: Govt. 
Deposits 



280 

160 

19 

526 

138 
92 
19 

108 
239 
225 
238 
184 
134 
154 
213 
92 
269 
613 
526 



Net 
Total 



4,741 

4,785 
4,992 

4,504 

5,036 
4,919 
4,992 

4,909 
4,930 
4,980 
5,033 
4,917 
4,978 
4,923 
4,845 
4,961 
4,739 
4,391 
4,504 



Other Related Bank Assets 3 



Chartered Bank Can. Loans 
and non-Govt. Securities 



Canadian 
Loans 



2,910 
3,136 
3,444 

4,051 

3,343 
3,471 
3,444 

3,428 
3,442 
3,534 
3,660 
3,664 
3,699 
3,773 
3,867 
3,882 
3,982 
4,129 
4,051 



Non-Govt. 
Securities 



1,015 
922 
916 
835 

923 
937 
916 

852 
851 
822 
849 
857 
848 
828 
829 
824 
835 
836 
835 



Total 



Bk. of Can. 

Gold and 

Exchange 

holdings 

(net) 



3,925 
4,057 
4,360 

4,886 

4,266 
4,408 
4,360 

4,280 
4,293 
4,356 
4,509 
4,521 
4,547 
4,601 
4,696 
4,706 
4,817 
4,965 
4,886 



226 

49 

2 

3 

26 
1 
2 

2 
2 
2 
2 
2 
2 
2 
2 
2 
22 
2 
3 



Less: 

All 

Other 

(net) 



180 
154 
52 
48 

72 
74 
52 

40 
32 
55 
40 
36 
22 
58 
31 
62 
77 
95 
48 



Total 



3,971 
3,952 
4,310 

4,841 

4,219 
4,335 
4,310 

4,242 
4,263 
4,303 
4,471 
4,487 
4,527 
4,545 
4,667 
4,646 
4,762 
4,872 
4,841 



as at Dec. 31 

1950 

1951 

1952 

1953 

End of 
Oct.-1952 
Nov. 
Dec. 

Jan.-1953 

Feb. 

Mar. 

Apr. 

May 

June 

July 

Aug. 

Sept. 

Oct. 

Nov. 

Dec. 



2. GOVERNMENT OF CANADA SECURITIES 



Outstanding 8 



Special 
Banking 
Issues 9 



1,500 
1,400 
1,400 
1,400 

1,500 
1,400 
1,400 

1,375 

1,500 
1,550 
1,600 
1,400 
1,400 
1,400 
1,400 
1,400 
1,400 
1,400 
1,400 



Direct Funded Debt 



Unmatured 



Other 
Market 
Issues 



12,586 
12,225 
12,020 
12,090 

12,172 

12,021 
12,020 

12,080 
12,080 
12,055 
12,055 
12,055 
12,055 
12,065 
12,075 
12,077 
12,092 
12,090 
12,090 



Non- 
market 
Debt 10 



1,218 
1,194 
1,250 
1,631 

1,032 
1,273 
1,250 

1,237 
1,225 
1,206 
1,190 
1,163 
1,143 
1,126 
1,109 
1,091 
1,167 
1,632 
1,631 



Total 



15,304 
14,819 
14,670 
15,121 

14,704 
14,694 
14,670 

14,692 
14,805 
14,811 
14,845 
14,618 
14,598 
14,591 
14,584 
14,568 
14,658 
15.122 
15,121 



Matured 

and 

out- 
standing 



51 
21 
19 

19 

19 
19 
19 

19 

18 
20 
19 
17 
17 
17 
18 
18 
19 
19 
19 



Total 



15,355 
14,840 
14,689 
15,140 

14,722 
14,713 
14,689 

14,710 
14,824 
14,831 
14,864 
14,635 
14,615 
14,608 
14,602 
14,586 
14,677 
15,141 
15,140 



Guar- 
anteed 

Un- 
matured 
Funded 
Debt 



Exchange 
rate ad- 
justment 



577 
529 
528 
527 

528 

528 
528 

528 
528 
528 
528 
528 
528 
527 
527 
527 
527 
527 
527 



+2 
-27 
-43 
-39 

-45 
-41 
-43 

-43 
-38 
-38 
-36 
-34 
-33 
-35 
-35 
-38 
-37 
-38 
-39 



■fc The term General Public refers to holdings of non-residents as well as 
residents; for an approximate division between resident and non-resident 
holdings on a quarterly basis and of resident holdings between corporate 
and non-corporate holdings as, at year ends see November 1953 Statistical 
Summary, pages 185-186. 

1. Total Canadian dollar deposits of the chartered banks and the Bank of 
Canada less: (a) Inactive chartered bank notice deposits which consist of 
the estimated aggregate minimum quarterly balances in chartered banks' 
personal savings deposits in Canada plus non-personal notice deposits in 
Canada; (b) Float, i.e. cheques on other banks as shown in chartered bank 



Total 

(including 
exchange 
rate adjust- 
ment) 



15,934 
15,342 
15,174 
15,628 

15,205 
15,199 
15,174 

15,195 
15,314 
15,321 
15,356 
15,129 
15,110 
15,099 
15,093 
15,075 
15,166 
15,630 
15,628 



Bank 

of 

Canada 



1,942 
2,191 
2,227 
2,270 

2,183 
2,172 
2,227 

2,154 
2,229 
2,182 
2,233 
2,186 
2,258 
2,290 
2,245 
2,211 
2,282 
2,273 
2,270 



DlSTRIB UTION" 



Chartered 
Banks 



3,079 
2,754 
2,784 

2,760 

2,991 
2,839 
2,784 

2,863 
2,940 
3,024 
3,038 
2,915 
2,854 
2,787 
2,813 
2,843 
2,726 
2,730 
2,760 



month-end returns to the Minister of Finance; (c) Canadian dollar deposits 
of the Government of Canada at the chartered banks and the Bank of 
Canada (shown in "Related Bank Assets" section); (d) Canadian dollar 
deposits of the chartered banks at the Bank of Canada. 

2. See footnote 1 (a). 

3. Net assets of the chartered banks and Bank of Canada other than Govern- 
ment of Canada Securities. 

4. See footnote 1 (c). 

5. For estimated quarterly classification of Canadian loans see page 7. 

6. Provincial, Municipal and "Other" securities. 



Govern- 
ment 
Accounts 



847 
1,009 
1,101 

1,314 

1,083 
1,096 
1,101 

1,101 

1,096 

1,093 

1,090 

1,183" 

1,207 

1,220 

1,236 

1,251 

1,262 

1,271 

1,314 



General 
Public 



10,066 
9,388 
9,062 
9,284 

8,948 
9,092 
9,062 

9,077 
9,049 
9,022 
8,995 
8,845 
8,791 
8,802 
8,799 
8,770 
8,896 
9,356 
9,284 



3 


TOTAL OF CERTAIN LIQUID ASSETS HELD BY THE GENERAL PUBLIC, 






AND RELATED FACTORS 








Liquid Assets 


Total 
Liquid 
Assets 

Total 
Related 
Factors 


Related Factors 15 




Currency 

and 

Active 

Bank 

Deposits 


Inactive 
Char- 
tered 
Bank 
Notice 

Deposits 


Govt, of Canada 
Securities 


Bank 

Assets 

other than 

Govt, of 
Canada 

Securities 

14 


Govt, of 
Can. Debt 
less Govt. 
Deposits & 
holdings of 
Govt. Ace ts 




Market 
Issues 

13 


Non- 
market 
is 


Total 




4,851 


3,861 


8,848 


1,218 


10,066 


18,778 


3,971 


14,807 


as at Dec. 31 
1950 


4,843 


3,894 


8,194 


1,194 


9,388 


18,125 


3,952 


14,173 


1951 


5,173 


4,129 


7,812 


1,250 


9,062 


18,364 


4,310 


14,054 


1952 


5,134 


4,211 


7,653 


1,631 


9,284 


18,629 


4,841 


13,788 


1953 


5,143 


4,113 


7,916 


1,032 


8,948 


18,204 


4,219 


13,985 


Oct.-1952 


5,129 


4,125 


7,819 


1,273 


9,092 


18,346 


4,335 


14,011 


Nov. 


5,173 


4,129 


7,812 


1,250 


9,062 


18,364 


4,310 


14,054 


Dec. 


5,011 


4,139 


7,840 


1,237 


9,077 


18,227 


4,242 


13,985 


Jan.-1953 


5,001 


4,192 


7,824 


1,225 


9,049 


18,242 


4,263 


13,979 


Feb. 


5,041 


4,242 


7,816 


1,206 


9,022 


18,305 


4,303 


14,002 


Mar. 


5,228 


4,276 


7,805 


1,190 


8,995 


18,499 


4,471 


14,028 


Apr. 


5,136 


4,268 


7,682 


1,163 


8,845 


18,249 


4,487 


13,762 


May 


5,214 


4,291 


7,648 


1,143 


8,791 


18,296 


4,527 


13,769 


June 


5,155 


4,313 


7,676 


1,126 


8,802 


18,270 


4,545 


13,725 


July 


5,157 


4,355 


7,690 


1,109 


8,799 


18,311 


4,667 


13,644 


Aug. 


5,236 


4,371 


7,679 


1,091 


8,770 


18,377 


4,646 


13,732 


Sept. 


5,197 
5,024 


4,304 


7,729 


1,167 


8,896 


18,397 


4,762 


13,635 


Oct. 


4,239 


7,724 


1,632 


9,356 


18,619 


4,872 


13,747 


Nov. 


5,134 


4,211 


7,653 


1,631 


9,284 


18,629 


4,841 


13,788 


Dec. 



7 Net of all related asset and liability items of the chartered banks and Bank 
of Canada which are not shown elsewhere in this table; includes foreign 
currency items and liabilities to shareholders. 

8. Net of sinking fund holdings (except as noted in footnote 16). 

9. Treasury Bills; Deposit Certificates and short-term notes issued directly 
to the Bank of Canada and chartered banks. , 

10. Refundable Tax, War Savings Certificates and Canada Savings Bonds. 

11. Adjustment necessary to change value of foreign pay securities Iromil - 
4 86* U.S. = 4.86J Cdn. to current rates of exchange. Official mid-rates ot 
exchange have been used to September 30, 1950 and market rates thereafter. 

12. For detailed breakdown of distribution of Government of Canada debt as 
at year-ends see November 1953 Statistical Summary, pagea 187-188. 



... Including any special banking issues held by the general public. 

14. As shown in "Other Related Bank Assets", Section 1 above. 

15. The whole of the increase or decrease in Canada's foreign exchange 
reserves is embodied in the related factors. To the extent that such 
changes do not appear in Section 1, "Related Bank Assets", under the 
heading "Bank of Canada Gold and Exchange holdings (net)" they 
affect changes in Government of Canada Securities outstanding. 

16. Including $75 millions of bonds purchased in the New York market 
during May 1953 which are held in a sinking fund account. 

N t e: — Statistics for earlier years and further information with respect to 
- details of compilation are available from the Research Department, 

Bank of Canada, on request. 



JANUARY 1954 



PERCENT 



1.5 



1 1.0 



10.5 



10.0 



9.5 



9.0 



CHARTERED BANKS 

RATIO OF CASH IN CANADA TO CANADIAN DEPOSITS 



PERCENT 





MONTHLY AVERAGE 


OF DAILY FIGURES 




























1 I 1 1 1 1 II 1 1 1 


1 1 1 1 1 II 1 1 1 1 







11.5 



1950 



1951 



1952 



1953 



10.5 



10.0 



9.5 



9.0 



PERCENT 



DISTRIBUTION OF MAJOR CANADIAN ASSETS 

(EXPRESSED AS A PERCENTAGE OF CANADIAN DEPOSITS) 



PERCENT 




1950 1951 

1. Provincial, Municipal and Corporate Securities. 



1952 



1953 



JANUARY 1954 



CHARTERED BANKS 

AGRICULTURAL, INDUSTRIAL AND COMMERCIAL LOANS 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 



1250 



1000 



1250 



1000 




1. Excluding loans to grain dealers. 2. Including loans to instalment finance companies. 

CANADIAN DEPOSITS, CANADIAN LOANS AND NON-GOVERNMENT SECURITIES, 
AND GOVERNMENT OF CANADA SECURITIES 

MILLIONS OF DOLLARS MILLIONS OF DOLLARS 

| 0000 r MONTH-END 110000 




9000 



8000 



7000 



3500 



2500 

1950 1951 

1. Provincial, Municipal and Corporate Securities. 



1953 



9000 



8000 



4500 



3500 



2500 



JANUARY 1954 



Millions of Dollars 



CHARTERED BANKS 
Estimated Quarterly Classification of Loans in Canada 1 

Department of Finance and Bank of Canada 



As AT END OF 



1. Government and Other Public Services 

(1) Provincial governments 

(2) Municipal governments and school districts 

(3) Religious, education, health and welfare institutions . . . 

Total Government and Other Public Services.... 

2. Financial 

(1) Investment dealers and brokers to the extent 

payable on call or within thirty days 

(2) Trust, loan, mortgage, investment and insurance 

companies and other financial institutions 

Total Financial 1 

3. Personal 

(1) Individuals, for other than business purposes, on the 

security of marketable stocks and bonds 

(2) Individuals, for other than business purposes, 

not elsewhere classified 

Total Personal 

4. Agricultural, Industrial and Commercial 

(1) Farmers 

(2) Industry: 

(a) Chemical and rubber products 

(b) Electrical apparatus and supplies 

(c) Food, beverages and tobacco 

(d) Forest products 

(e) Furniture 

(f) Iron and steel products 

(g) Mining and mine products 

(h) Petroleum and products 

(i) Textiles, leather and clothing 

(j) Transportion equipment 

(k) Other products 

Total Industry 

(3) Public utilities, transportation & communications 

(4) Construction contractors 

(5) Grain dealers and exporters 

(6) Instalment finance companies 

(7) Merchandisers 

(8) Other business 

Total Agricultural, Industrial & Commercial. . 
TOTAL LOANS IN CANADA 



1951 



Dec. 



32.4 
88.2 
46.2 



166.8 

107.4 
86.6 



194.0 

363.4 
204.3 



567.7 



277.9 

53.5 

37.1 

197.2 

117.7 

17.8 

115.8 

34.9 

25.8 

170.1 

47.7 

56.1 



873.7 

81.5 
132.6 
177.3 

69.0 
468.0 
128.6 



2,208.6 



3,137.1 



1952 



Sept. 



6.3 

102.4 
43.3 



152.0 

135.2 
107.5 



242.7 

274.3 
228.0 



502.3 



334.2 

30.3 

22.9 

168.4 

136.5 

14.4 

95.6 

48.0 

32.8 

158.0 

52.8 

53.1 



812.8 

67.5 

158.7 
186.5 
149.4 
484.0 
139.0 



2,332.1 



3,229.1 



Dec. 



3.8 

91.7 
43.5 



139.0 

154.6 
103.7 



258.3 

403.8 
242.1 



645.9 



308.1 

34.0 

17.9 

184.4 

138.8 

14.5 

95.2 

45.7 

26.8 

138.2 

54.5 

45.2 



795.2 

65.1 
140.7 
257.4 
205.1 
483.7 
146.6 



2,401.9 



3,445.2 



1953 



Mar. 



2.3 

128.0 
44.1 



174.4 

139.8 
112.1 



251.9 

362.7 
253.0 



615.7 



282.8 

33.9 
19.5 

163.7 

154.6 
15.6 

124.4 
58.4 
33.3 

166.3 
60.5 
49.5 



879.8 

52.4 
141.2 
270.7 
189.0 
522.4 
154.6 



2,492.9 



3,535.0 



June 



5.4 
96.7 
43.5 



145.6 

123.0 
122.9 



245.9 

331.4 
283.4 



614.8 



318.4 

33.4 
28.2 

150.5 

155.3 
16.3 

137.3 
53.1 
44.3 

180.0 
56.4 
53.8 



908.6 

67.0 
169.9 
229.1 
243.7 
583.2 
173.9 



2,693.8 



3,700.1 



Sept. 



10.6 

109.4 

47.1 



167.1 

110.1 
122.6 



232.7 

300.2 
298.2 



598.4 



354.0 

43.4 
41.9 

162.8 

139.8 
17.6 

124.5 
62.0 
55.6 

199.5 
52.8 
58.9 



958.8 

61.7 
175.0 
310.7 
249.3 
595.8 
179.4 



2,884.7 



3,882.9 



2,889.8 



4,052.3 



The figures for September of each year have been published by the Depart- 
ment of Finance; all other figures are estimated. 



2. Excluding borrowings by instalment finance companies, and by individuals 
on the security of marketable stocks and bonds. 



JANUARY 1954 



BOND ISSUES AND RETIREMENTS ' 



Par Values in 


Millions of Canadian Dollars 


2 


Bank of Canada 










I-Govt. of Canada Direct & 
Guaranteed and Other C.N.R. 3 




II-Provincial Direct and Guaranteed 




New Issues 


Retirements 


Net New 

Issues 


New Issues 


Retirements 


Net New 




New 


Refunding 


Refunded 


Other 


Issues 


Calendar Years 


















1949 


820.7 


1,236.7 


-416.0 




409.5 


54.1 


73.5 


78.3 


311.8 


1950 


2,191.7 


2,282.6 


-90.9 




276.9 


132.2 


131.8 


146.5 


130.8 


1951 


591.6 


922.1 


-330.5 




329.2 


90.1 


74.9 


137.2 


207.1 


1952 


827.1 


956.8 


-129.7 




376 .7f 


69.8 


87.5 


99.8f 


259.2 f 


1953 


2,032.6 


1,589.2 


443.4 




389.6 


33.4 


33.4 


127.8 


261.8 


1952—1 


14.9 


118.1 


-103.2 




151.7 


20.5 


15.4 


35.1 


121.7 


II 


9.7 


70.2 


-60.5 




65.3t 


17.5 


60.9 


23.2 


-1.4f 


III 


5.1 


58.0 


-52.9 




57.3 


29.0 


1.5 


16.1 


68.7 


IV 


797.4 


710.4 


87.0 




102.5 


2.9 


9.7 


25.4t 


70.3 f 


1953—1 


377.4 


391.3 


-13.9 




125.7f 


29.8 


3.8 


39.3f 


112.3t 


II 


10.7 


74.8 


-64.1 




88.4f 


- 


3.7 


27.4 


57.3f 


III 


30.3 


62.1 


-31.8 




45.9 


3.7 


- 


27.0f 


22.5f 


IV 


1,614.2 


1,061.0 


553.2 




129.7 


— 


26.0 


34.0 


69.7 





III-CORPORATIONS 




New Issues 


Retirements 


Net New 
Issues 




New 


Refunding 


Refunded 


Other 


Calendar Years 












1949 


254.9 


41.8 


41.8 


86.6 


168.3 


1950 


438.7 


55.6 


55.6 


91.1 


347.6 


1951 


394.4f 


17.lt 


17.lt 


114.0t 


280.4 1 


1952 


521.lt 


30.3 1 


30.3 1 


151.9t 


369.2 1 


1953 


430.1 


1.2 


1.2 


109.5 


320.5 


1952—1 


59.lt 


1.2 


1.2 


31.8t 


27.3t 


II 


253. 9 t 


5.8 


5.8 


41.0t 


212.9t 


III 


62. 6 1 


1.4t 


1.4t 


28.lt 


34.6t 


IV 


145.4t 


22.0t 


22.0t 


51.0t 


94.4 1 


1953—1 


167.9t 


.2 


.2 


36.6t 


131.3t 


II 


100.2t 


.4 


.4 


23.lt 


77.lt 


III 


52.lt 


.6 


.6 


21.7+ 


30.5t 


IV 


109.8 


" 


" 


28.2 


81.7 



I+II+III 



Net New 

Issues 



64.0 

387.5 

157.0t 

498.8t 

1,025.7 

45.8t 
151.lt 

50.3t 
251.6J 

229. 7 1 
70.3J 
21.lt 

704.5 



IV-Govt.ofCanadaTreascryBoas, 


Deposit Certificates and Short- 


TermNotes Sold Directlyto Bank 


of Canada and Chartered Banks 


Net New 


Total 
Outstanding 


laauea 


at End of Period 


-100 


1,200 


300 


1,500 


-100 


1,400 


- 


1,400 


- 


1,400 


- 


1,400 


- 


1,400 


100 


1,500 


-100 


1,400 


150 


1,550 


-150 


1,400 


- 


1,400 




1,400 



SUMMARY OF CHANGES IN CURRENCY OF PAYMENT x 4 

GOVERNMENT OF CANADA AND PROVINCIAL DIRECT AND GUARANTEED, OTHER C.N.R. 
2 AND CORPORATION BONDS 



Par Values in Millions of Canadian Dollars 





NEW ISSUES were payable In : 




Retirements 


were payable In: 




Net Increase 
In Bonds Outstand- 




Canada 
only 


New York 
only 


Canada & 
New York 


London 


Total 


Canada 
only 


New York 
only 


Canada & 
New York 


Canada, 
New York 
& London 


5 

London 


Total 


In Canada 
only 


Abroad 


Calendar Years 
1949 
1950 
1951 
1952 
1953 


1,480.8 
2,874.0 
l,144.5t 
1,568. It 
2,572.6 


100.0 

137.5 
277.8 
203 .2 1 
301.8 


83.5 

53.8 
12.5 


.2 
.1 
• It 


1,581.0 
3,095.1 
l,422.4t 

1,825.1 1 
2,886.9 


1,396.6 

2,444.1 

l,140.5t 

l,272.2t 

1,823.0 


8.8 

126.6 

10.0 

13.2t 

14.9 


10.9 
78.9 
38.2 
29 .3 1 
12.8 


91.4 

45.7 

61.9 

9.2 

5.7 


9.2 

12.4 

14.9t 
2.5 
4.8 


1,516.9 

2,707.6 

l,265.4t 

l,326.3f 

1,861.2 


84.2 
430.0 

4.0t 
295.9 1 
749.6 


-20.2 

-42.5 

153.0t 

202.8f 

276.1 


1952—1 
II 
III 
IV 


199.2t 

208. 2 1 

129. 5t 

l,031.3f 


6.2 

132. 2 1 
25.9 
38.9 


42.0 
11.8 


- 


247.4t 

352.2 1 

155.4 1 

l,070.1t 


192.lt 
170.9t 
100.6t 
808.6t 


2.3t 
3.6t 
2.1t 
5.1t 


2.4 

23. 9 1 

1.9 

1.1 


3.5 

2.3 

.1 

3.3 


1.3 

.4 
.4 
.4 


201. 6 1 
201.lt 
105.lt 

818.5t 


7.0 1 
37.3t 

28.9t 
222.7J 


38.7t 

113.8t 

21.4t 

29.0t 


1953—1 
II 
III 
IV 


611.lt 

167.2t 
99.9t 
1,694.4 


77.3t 
32.5t 
32.7t 
159.3 


12.5 


- 


700.9 1 
199.7t 
132.6f 
1,853.7 


459. 9 1 
119.3t 
103.2t 
1,140.6 


6.8t 
2.6t 
3.0t 
2.5 


2.6 
3.8 

2.3t 
4.1 


1.6 

2.4 

.1 

1.6 


.4 
1.2 
2.8 

.4 


471.2t 
129.4J 
111.5t 
1,149.2 


151.2f 

47.9t 
-3.4 1 
553.8 


78.4t 
22.5t 
24.5t 
150.7 



1. Subject to revision. The figures exclude changes in refundable taxes, 
provincial treasury bills and the issues and retirements of municipalities 
and religious institutions. The net repayments of refundable taxes were 

287, 56, 90 and 24 millions from 1949 to 1952 and the net increases in 3. 
municipal bonded debt are estimated to have been 105, 136, 176, 185 and 4. 
181 millions from 1949 to 1953. 5. 

2. Foreign currencies have been converted to Canadian dollars at official t 



rates of exchange to Sept. 30, 1950, and at market noon rates thereafter. 

In the case of optional-pay issues the option most favourable to the lender 

has been taken. 

Excludes issues shown in item IV below. 

Excludes issues shown in item IV above. 

Including issues payable optionally in Canada or London. 

Revised. 



9 



JANUARY 1954 



BONDS OUTSTANDING 

GOVT. OF CANADA, C.N.R., PROVINCIAL, MUNICIPAL AND CORPORATION BONDS* 
GROSS AMOUNT OUTSTANDING AS AT 3Ut DECEMBER, 1953 2 

Par Values in Millions of Canadian Dollars 3 





Pavable in: 




Canada 
Only 


New York 
only 


Canada or 
New York 


Canada, 
New York 
or London 


4 

London 


Total 


Govt, of Canada — Direct 


14,730.80 

285.2 
51.9 

15.0 

3.0 

16.4 

126.8 

.7 

157.3 

7.5 

336.6 

287.6 

551.3 

777.7 

119.1 

.4 

80.0 

.5 

1.0 

121.8 

35.2 

1,406.0 

2,659.5 


338.9 

5.9 

.5 

2.4 

21.4 

9.4 

73.0 

48.7 

190.9 

19.5 

58.0 

35.1 
9.7 

243.9 

585.2 


64.1 

46.7 

28.7 

28.5 
1.6 

3.8 

19.5 

23.5 

79.9 

58.8 

2.1 

74.5 

3.2 


9.4 

150.3 

19.2 

15.0 

147.9 
8.0 
3.5 

2.5 

.1 

.9 

17.8 

5.2 


50.6 

6.5 
3.2 

2.5 

4.3 
3.2 

.5 
4.1 

18.8 
186.1 


15.120.3 6 

9.4 

512.0 

74.8 

15.0 

5.5 

18.8 

194.9 

.7 

199.7 

7.5 

456.3 

337.9 

890.1 

789.5 

161.6 

.4 

164.5 

.5 

81.0 

219.8 

47.9 

1,761.0 

3,439.2 


— Gtd. other than C.N.R. 

C.N.R.— Gtd. by Govt, of Canada 

— Unguaranteed 


Newfoundland ■ — Direct 


— Guaranteed 

P.E.I. —Direct 


Nova Scotia — Direct 


— Guaranteed 

New Brunswick — Direct 


— Guaranteed 

Quebec — Direct 


— Guaranteed 

Ontario — Direct 


— Guaranteed 

Manitoba — Direct 


— Guaranteed 

Saskatchewan — Direct 


— Guaranteed 

Alberta — Direct 


British Columbia — Direct 


— Guaranteed 

Corporation 




Total 


21,771.3 


1,642.5 


434.9 


379.8 


279.8 


24,508.3 





Contra Sinking Fund 
Investments, 5 


book value as at latest 
available date 


9.5 


Mar. 


31, 1953 


1.2 


Mar. 


31, 1952 


2.7 
23.6 


Mar. 
Mar. 


31, 1953 
31, 1953 


34.1 

.3 

106.6 

.2 

170.4 

1.1 

31.6 


Mar. 

Mar. 

Mar. 

Oct. 

Oct. 

Aug. 

Mar. 


31, 1953 
31, 1953 
31, 1953 
31, 1952 
31, 1953 
31, 1953 
31, 1953 


19.2 
.2 


Nov. 

Mar. 


30, 1953 

31, 1952 


58.2 
2.2 


Mar. 31, 1953 
Various 


117.0 


Various 







1. Provincial Treasury Bills are excluded. 2. Figures for the gross amount of bonds outstanding are compiled from latest official sources adjusted to 
31 December 1953 by subsequent known issues and redemptions; when full details regarding these become available minor revisions may be necessary. 3. Bonds 
payable in foreign currency are converted into Canadian dollars at the market closing rate at the end of December, 1953; $0.97375 for bonds payable in New 
York only and $2.73625 for bonds payable in London only. 4. Including issues payable in Canada or London. 5. Figures for guaranteed issues are approx- 
imate in some cases for which full particulars are not available. 6. Comprises unmatured funded debt. Redemption bonuses on the Second and Third Victory 
Loans, Treasury Bills, Treasury Notes and War Savings Certificates are included. 



GOVERNMENT BOND YIELDS AND TREASURY BILL RATES 

Bank of Canada 





Government of Canada 






Theoreticals 1 






15th of Each Month 




15 Yr. 


9Yr. 


5Yr. 


2 Yr. 




Bond 


Bond 


Bond 


Bond 


Annual Average 










1947 


2.57 


2.25 


1.75 


1.43 


1948 


2.93 


2.72 


2.27 


1.44 


1949 


2.83 


2.64 


2.24 


1.66 


1950 


2.78 


2.67 


2.22 


1.81 


1951 


3.24 


3.18 


2.69 


2.37 


1952 


3.59 


3.58 


3.22 


2.69 


1953 


3.68 


3.67 


3.56 


3.26 


Monthly 










1952— Dec. 


3.62 


3.67 


3.52 


3.07 


1953— Jan. 


3.63 


3.66 


3.50 


3.07 


Feb. 


3.65 


3.62 


3.44 


3.08 


Mar. 


3.65 


3.56 


3.43 


3.11 


Apr. 


3.66 


3.56 


3.43 


3.14 


May 


3.69 


3.62 


3.48 


3.21 


June 


3.72 


3.72 


3.54 


3.28 


July 


3.72 


3.71 


3.57 


3.28 


Aug. 


3.73 


3.72 


3.64 


3.36 


Sept. 


3.75 


3.77 


3.65 


3.41 


Oct. 


3.72 


3.75 


3.66 


3.48 


Nov. 


3.67 


3.74 


3.71 


3.44 


Dec. 


3.61 


3.64 


3.61 


3.20 


1954— Jan. 


3.55 


3.57 


3.55 


3.03 



Long Term 


Market Yields 


Average of Business Days 


Canada* 


U.K.* 


U.S.A." 


2.59 


2.61 


2.20 


2.93 


2.82 


2.41 


2.85 


2.93 


2.24 


2.77 


3.19 


2.24 


3.21 


3.49 


2.58 


3.54 


4.23 


2.64 


3.66 


3.86 


2.88 


3.58 


4.15 


2.68 


3.59 


4.16 


2.74 


3.60 


4.09 


2.77 


3.60 


3.97 


2.85 


3.62 


3.87 


2.90 


3.64 


3.83 


3.05 


3.70 


3.85 


3.11 


3.72 


3.89 


2.98 


3.73 


3.83 


2.96 


3.73 


3.74 


2.93 


3.70 


3.68 


2.75 


3.65 


3.68 


2.77 


3.61 


3.70 


2.71 


3.53 


3.63 


2.61 



Tender Rates on 3 Month 


Treasury Bills 


Tender nearest 15th of Month 


Canada 


U.K. 


U.S.A. 


.406 


.507 


.592 


.411 


.509 


1.037 


.485 


.521 


1.096 


.552 


.516 


1.215 


.796 


.583 


1.555 


1.076 


2.167 


1.795 


1.688 


2.284 


2.006 


1.349 


2.415 


2.138 


1.349 


2.398 


2.124 


1.473 


2.432 


1.993 


1.503 


2.232 


2.098 


1.528 


2.415 


2.219 


1.530 


2.383 


2.271 


1.699 


2.368 


2.229 


1.759 


2.365 


2.106 


1.795 


2.368 


2.116 


1.911 


2.150 


1.957 


1.929 


2.098 


1.438 


1.904 


2.097 


1.482 


1.877 


2.103 


1.682 


1.883 


2.132 


1.336 



1. Payable in Canada only. 2. Government of Canada 3% due 1 Sept., 1961-66. 3. United Kingdom 3% due 15 Apr., 1959-69. 
4. U.S. Treasury 2>£% due 15 Dec, 1963-68. It was not eligible for commercial banks before Dec. 1, 1952. 



JANUARY 1954 



10 



Cents per Unit 



FOREIGN EXCHANGE RATES' 

Bank of Canada 





U.S. Dollar in Canada 


£ Sterling in Canada 


Days 


High 


Low 


NoonAverage 

of business 

days 


High 


Low 


Noon Average 

of business 

days 


1948 


100.25 


100.25 


100.25 


403.00 


403.00 


403.00 


1949 


110.25 


100.25 


103.08 


403.00 


308.00 


376.13 


1950 


110.25 


103.25 


108.92 


308.00 


289.25 


304.44 


1951 


107.31 


101.19 


105.28 


300.50 


281.38 


294.68 


1952 


101.13 


95.88 


97.89 


281.25 


266.75 


273.40 


1953 


99.78 


96.75 


98.34 


280.94 


272.38 


276.66 


1953-Jan. 


97.38 


96.75 


97.05 


273.56 


272.38 


273.05 


Feb. 


98.44 


97.00 


97.73 


277.50 


273.44 


275.55 


Mar. 


98.63 


97.75 


98.33 


277.63 


275.31 


276.92 


Apr. 


98.63 


98.00 


98.37 


277.94 


275.69 


277.13 


May 


99.78 


98.66 


99.41 


280.94 


278.06 


279.80 


June 


99.63 


99.16 


99.44 


280.38 


278.88 


279.82 


July 


99.44 


98.94 


99.18 


279.88 


278.56 


279.29 


Aug. 


99.00 


98.69 


98.83 


278.81 


277.50 


278.25 


Sept. 


98.88 


97.78 


98.43 


277.69 


274.00 


275.94 


Oct. 


98.66 


97.75 


98.25 


276.75 


273.88 


275.76 


Nov. 


98.03 


97.38 


97.77 


275.56 


273.88 


274.89 


Dec. 


97.63 


97.00 


97.31 


274.44 


272.63 


273.52 


1954-Jan. 


97.56 


97.03 


97.29 


274.38 


272.88 


273.56 



1. Prior to October 2, 1950, there were official buying and selling rates for the U.S. Dollar and 
Sterling in Canada. The rates used in the table before this date are the mid-rates between official 
buying and selling rates, or the averages thereof. Accordingly the "High" differs from the "Low" only 
in the years when the official rates were changed. Effective October 2, 1950. official rates were discon- 
tinued and rates thereafter are noon rates as reported on transactions between banks in the exchange 
market. Commencing with 1950, averages are based on five-day week quotations. 



OFFICIAL HOLDINGS OF 
GOLD AND U.S. DOLLARS' 

$ mm. U.S. Dept. of Finance 



End 




U.S. 




of 
period 


Gold 


Dollars 


Total 


1948 


403.1 


596.5 


997.8 


1949 


486.4 


630.7 


1,117.1* 


1950 


580.0 


1,161.5 


1,741.5 


1951 


841.7 


936.9 


1,778.6 


1952 


885.0 


975.2 


1,860.2 


1953 


986.1 


832.4 


1,818.5 


1953-Jan. 


888.5 


978.3 


1,866.8 


Feb. 


892.9 


944.2 


1,837.1 


Mar. 


905.8 


939.5 


1,845.3 


Apr. 


913.7 


930.0 


1,843.7 


May 


923.0 


838.2 


1,761.2 


June 


934.7 


815.4 


1,750.1 


July 


942.2 


813.5 


1,755.7 


Aug. 


951.0 


813.4 


1,764.4 


Sept. 


959.8 


827.5 


1,787.3 


Oct. 


968.3 


816.2 


1,784.5 


Nov. 


976.4 


830.3 


1,806.7 


Dec. 


986.1 


832.4 


1,818.5 


1954-Jan. 


997.5 


836.6 


1,834.1 



Gold and U.S. dollars held by the Exchange Fund 
Account and Bank of Canada and U.S. dollars held by 
other Govt, of Canada Accounts. 

Exclusive of $18.2 mm. set aside out of the proceeds of 
a refunding issue for the purpose of retiring on Feb. 1, 
1950, a security issue guaranteed by the Govt, of 
Canada and payable in U.S. dollars. 



UNITED STATES DOLLAR IN CANADIAN FUNDS 



CANADIAN DOLLARS 



CANADIAN DOLLARS 




1950 



1951 



1952 



1953 



1954 



11 



JANUARY 1954 



Thousands of Fine Ounces 



CANADIAN GOLD STATISTICS 

Bank of Canada 













Net Increase or 


Net Increase or 




New Gold 






Net Increase 


Decrease in 


Decrease in 




Production 


Physical 


Physical 


or Decrease 


Canadian 


Foreign Owned 




available 


Imports* 


Exports 3 


in Official 


Owned Gold 


Gold Held in 




for Export 1 






Holdings 4 


Held in Safe- 
keeping Abroad 


Safekeeping in 
Canada 


Calendar Years 














1944 


2,862 


214 


1,311 


7,996 


- 


231 


1945 


2,503 


- 


1,505 


1,693 


- 


695 


1946 


2,600 


5 


9,834 


5,253 


- 


12,482 


1947 


2,851 


2 


15,524 


7,155 


- 


5,516 


1948 


3,423 


2,384 


2,505 


3,291 


- 


;; 


1949 


3,866 


11 


1,967 


2,440 


_ 


530 


1950 


4,283 


12,571 


980 


2,682 


2,857 


16,049 


1951 


4,080 


12,104 


347 


7,507 


143 


8,473 


1952 


4,310 


25 


19,246 


1,246 


2,565 


18,723 


1953* 


4,167 


163 


1,180 


2,901 


143 


106 


Quarters 














1952—1 


1,150 


8 


11,723 


708 


3,000 


14,274 


II 


987 


2 


3,189 


519 


715 


2,004 


III 


1,083 


13 


1,343 


35 


121 


333 


IV 


1,091 


2 


2,992 


53 


159 


2,112 


1953—1 


1,372 


65 


552 


599 


143 


143 


II 


1,071 


- 


309 


828 


- 


66 


III 


880 


32 


193 


720 


- 


1 


IV* 


846 


64 


126 


754 


— 


30 



Newly mined gold sold by the Mint (excl. sales for industrial purposes) 
plus exports of raw gold or concentrates direct from the mines for refining 
abroad plus commercial sales of gold abroad by mines beginning November 
1, 1951. Beginning November 1, 1951, the series excludes increases in 
commercial gold stocks held in safekeeping by the Mint for the account 
of the mines. 



Excluding small amounts of unmanufactured gold, scrap and manufactured 
forms which are shown under various headings in the import returns. 
Excluding the gold content of exports of jewellers' sweepings and precious 
metals scrap which are shown in the export returns. 
Holdings of the Exchange Fund and Bank of Canada. 
Preliminary. 



U.S.A. ECONOMIC STATISTICS 

U.S. Department of Commerce 



U.S. Dept. of Labor 



Federal 
Reserve 









Govt. 
















Average 






Gross 
National 
Product 


Change in 

Business 

Inventories 


Expend- 
iture on 

National 

Security 

1 


Savings 

as a 

Percentage 

of 
Disposable 


Total 
Personal 
Income 


Con- 
struction 
3 


Unem- 
ployment 


Retail 

Sales 
4 


Consumer 
Price 
Index 


Wholesale 

Prices: 
All Com- 
modities 


Hourly 
Earnings 
in Manu- 
facturing 
5 


Total 

Industrial 

Production 

4 




Billions of DolIars2 


Income 


Billions of $ 2 


Billions of S 


Millions 


Billions of $ 


1947-4 


9 = 100 


Dollars 


1947-49 = 100 


Annual Averages' 


























1929 


103.8 


1.6 


* 


4.5 


85.1 


10.8 


1.6 


48.5 


73.3 


61.9 


.57 


59 


1933 


55.8 


-1.6 


* 


-2.7 


46.6 


2.9 


12.8 


24.5 


55.3 


42.8 


.44 


37 


1937 


90.2 


2.3 


* 


5.5 


74.0 


7.0 


7.7 


42.2 


61.4 


56.1 


.62 


61 


1946 


211.1 


6.1 


21.2 


7.6 


177.7 


12.0 


2.3 


102.5 


83.4 


78.8 


1.09 


90 


1950 


286.8 


7.5 


18.5 


5.5 


226.7 


28.8 


3.1 


143.7 


102.8 


103.1 


1.47 


112 


1951 


329.8 


10.9 


37.4 


7.5 


254.3 


30.9 


1.9 


158.2 


111.0 


114.8 


1.59 


120 


1952 


348.0 


3.7 


48.9 


7.2 


269.7 


32.3 


1.7 


164.1 


113.5 


111.6 


1.67 


124 


1953** 


367.0 


3.9 


51.8 


7.3 


284.6 


34.8 


1.5 


171.2 


114.4 


110.1 


1.76 


134 


Monthly 


























1952— Oct. ) 








f 


277.3 


3.0 


1.3 


14.2 


114.2 


111.1 


1.70 


130 


Nov. 


361.1 


8.5 


50.5 


7.7 \ 


277.2 


2.8 


1.4 


14.0 


114.3 


110.7 


1.71 


133 


Dec. J 








1 


280.6 


2.5 


1.4 


14.4 


114.1 


109.6 


1.73 


133 


1953— Jan. ] 








t 


280.5 


2.4 


1.9 


14.1 


113.9 


109.9 


1.74 


134 


Feb. [ 


363 .4f 


4.3f 


51.6 


7.2 \ 


281.0 


2.3 


1.8 


14.5 


113.4 


109.6 


1.74 


134 


Mar. 










283.6 


2.5 


1.7 


14.4 


113.6 


110.0 


1.75 


135 


Apr. ) 








| 


282.7 


2.7 


1.6 


14.3 


113.7 


109.4 


1.75 


136 


May [ 


370.7f 


7.1t 


53.5 


6.9 \ 


284.7 


2.9 


1.3 


14.4 


114.0 


109.8 


1.76 


137 


June 








1 


286.3 


3.2 


1.6 


14.5 


114.5 


109.5 


1.76 


136 


July 








[ 


287.5 


3.3 


1.5 


14.5 


114.7 


110.9 


1.77 


137 


Aug. 


368. 8f 


4.3f 


52.1 


7.5 \ 


287.0 


3.3 


1.2 


14.1 


115.0 


110.6 


1.77 


136 


Sept. 










286.3 


3.3 


1.2 


14.0 


115.2 


111.0 


1.78 


133 


Oct. 1 








{ 


287.2 


3.2 


1.2 


14.0 


115.4 


110.2 


1.78 


132 


Nov. \ 


365.0** 


- 


50.2** 


7.5**j 


285.9 


3.0 


1.4 


14.3 


115.0 


109.8 


1.78 


129t 


Dec.** J 








1 


284.7 


2.7 


1.8 


14.1 


114.9 


110.1 


1.79 


127 



1. Includes stockpiling, atomic energy, and Mutual Defence Assistance in 
addition to strictly military programmes. 

2. Seasonally adjusted annual rates. 

3. Value of new work put in place. 

4. Seasonally adjusted. 

5. Production workers. 



6. Quarterly averages for first four columns. Calendar year totals in the case 

of "Construction" and "Retail Sales". 
* Not available. 
** Preliminary. First four columns are estimates by the Council of Economic 

Advisers. 
t Revised. 



JANUARY 1964 



12 



PRICE INDEXES 

"Prices and Price Indexes", Dominion Bureau of Statistics 
WHOLESALE PRICES CONSUMER PRICES 2 

Index 1935-39 = 100 Index 1949 = 100 





Total 
Index 

(Mid- 
Month) 


Raw and 
Partly 
Manu- 


Fully & 
Chiefly 
Manu- 


FARM PRODUCTS 1 


Total 
Index 

(1st of 
Month) 


Food 


Shelter 


Clothing 


Household 
Operation 


Other 
Com- 
modities 
& Services 




Fieldt 




Totalt 












100 


32 


IS 


11 


17 


25 


Average of Months 


























1929 


124.6 


126.1 


123.7 


137.2 


144.4 


140.8 


75.8 


* 


* 


* 


* 


* 


1933 


87.4 


79.3 


93.3 


69.3 


69.2 


69.3 


58.8 


* 


• 


* 


* 


* 


1937 


107.7 


113.7 


104.4 


128.9 


106.0 


117.4 


63.0 


* 


* 


* 


* 


* 


1946 


138.9 


140.1 


138.0 


177.9 


181.2 


179.5 


77.5 


* 


* 


* 


* 


• 


1950 


211.2 


212.8 


211.0 


191.9 


281.4 


236.7 


102.9 


102.6 


106.2 


99.7 


102.4 


103.1 


1951 


240.2 


237.9 


242.4 


200.4 


336.9 


268.6 


113.7 


117.0 


114.4 


109.8 


113.1 


111.5 


1952 


226.0 


218.7 


230.7 


220.5f 


277.5 


249 .Of 


116.5 


116.8 


120.2 


111.8 


116.2 


116.0 


1953 


220.8 


206.9 


229.1 


171. 6f 


263.8 


217.7t 


115.5 


112.6 


123.6 


110.1 


117.0 


115.8 


Monthly 


























1952— Nov. 


221.5 


210.5 


228.2 


200.7 


266.5 


233.6 


116.1 


115.7 


121.4 


109.8 


115.9 


116.6 


Dec. 


221.1 


210.0 


227.8 


197.9 


268.3 


233.1 


115.8 


114.1 


122.2 


109.7 


116.1 


116.6 


1953— Jan. 


221.5 


209.4 


229.0 


195.1 


266.4 


230.7 


115.7 


113.5 


122.3 


109.7 


116.5 


116.7 


Feb. 


220.9 


207.9 


228.8 


190.7 


263.1 


226.9 


115.5 


112.7 


122.5 


109.6 


116.6 


116.7 


Mar. 


221.9 


209.8 


229.2 


185.9 


264.3 


225.1 


114.8 


111.6 


122.5 


109.7 


116.7 


115.2 


Apr. 

May 


219.6 


205.7 


227.9 


181.6 


256.0 


218.8 


114.6 


110.9 


122.7 


109.7 


116.9 


115.0 


220.1 


206.3 


228.3 


179.2 


263.2 


221.2 


114.4 


110.1 


122.9 


110.1 


116.6 


115.1 


June 


221.7 


207.2 


230.4 


178.6 


268.8 


223.7 


114.9 


111.4 


123.6 


110.1 


116.6 


115.1 


July 


221.2 


207.2 


229.6 


181.7 


265.3 


223.5 


115.4 


112.7 


123.9 


110.3 


117.0 


115.2 


Aug. 


222.4 


210.0 


230.1 


157 .2f 


269.9 


213.6| 


115.7 


112.8 


124.1 


110.4 


117.2 


115.8 


Sept. 


221.5 


207.0 


230.2 


154.0 


263.7 


208.9 


116.2 


114.0 


124.2 


110.4 


117.4 


115.9 


Oct. 


220.7 


204.9 


230.0 


151.7 


265.3 


208.5 


116.7 


115.5 


124.5 


110.3 


117.5 


116.0 


Nov. 


218.8 


203.2 


228.1 


151.7 


258.0 


204.9 


116.2 


113.4 


125.0 


110.3 


117.4 


116.3 


Dec. 


219.0 


204.4 


227.6 


151.9 


261.6 


206.8 


115.8 


112.1 


125.2 


110.2 


117.4 


116.3 


1954— Jan. 














115.7 


111.6 


125.4 


110.1 


117.5 


116.4 



An independent series with different weighting and different prices from 
those included in the "Total Index". Prices include subsidies. 
Prices used for western wheat, oats and barley are initial payments to 
farmers plus retroactive revisions to include participation payments as 
these are announced. The final payment for wheat for the crop year 
beginning August 1, 1952 has not yet been announced. 



2. Components were selected and weighted on the basis of 1948 urban family 
incomes ranging from $1,650 to $4,050 with incomes between $2,000 and 
$3,000 most common. The Consumer Price Index prior to 1949 is the 
Cost-of-Living Index inclusive of all tobacco taxes linked to the Consumer 
Price Index 1949-100. 

* Not available. 



CANADIAN AGRICULTURE: INDEXES OF PRODUCTION AND FARM CASH INCOME 

INDEX 1935-39 = 100 



180 



165 



150 



135 



120 









vo 


_UME OF AGRICULT 
PRODUCTION 


uralX \ 

/ S 

f \ 














1 


1 


1 



INDEX 1935-39=100 

500 



450 









FAF 


Ivl CASH INCOME/ 
















1 







1947 1948 1949 1950 1951 1952 1953' 

1. Index for 1953 Volume of Agricultural Production is a rough estimate only 
* Preliminary. 



1947 



1948 



1949 



1950 



1951 



1952 



1953 



400 



350 



300 



*0 



13 



Estimates in Thousands 



JANUARY 1964 



LABOUR FORCE STATUS OF THE POPULATION* 1 

"Labour Force", Dominion Bureau of Statistics, and Department of National Defence 







At work 


At work less than 


With jobs but 








Total 






K 


35 HOURS or more 


35 HOURS 


not at work 


Without 

JOBS 

AND 

SEEKING 

WORK 6 


Total 

Civilian 
Labour 
Force 


Not in 
Labour 
Force 


Civilian 

NON- 
INSTITU- 
TIONAL 

Popula- 
tion 14 

YEARS OF 

AGE AND 

OVER 




In Wee 
Endinc 


Agri- 
culture 


Non- 
Agri- 
culture 


Usually 

work 
less than 
35 hrs. 


Usually work 
35 hrs. or more 


Lay-off 3 


Other 
reasons 4 


Armed 
Forces 




Lay off 
and 
short 
time 


Other 
reasons2 




1945— Nov. 


17 


916 


2,920 




382 




' v ' 

92 


171 


4,481 


3,819 


8,300 


465 


1946— Feb. 


23 


914 


2,906 




383 




104 


213 


4,520 


4,008 


8,528 


259 


June 


1 
31 


1,052 
1,132 


3,055 
3,164 




471 
356 




121 

A 


125 

117 


4,824 
4,972 


3,891 
3,814 


8,715 
8,786 


117 


Aug. 


11 


192 


62 


Nov. 


9 


905 


3,284 




411 




24 


81 


114 


4,819 


3,998 


8,817 


47 


1947— Mar. 


1 


762 


3,222 




421 




17 


121 


139 


4,682 


4,206 


8,888 


39 


May 


31 


967 


3,313 




440 




* 


103 


91 


4,914 


4,019 


8,933 


35 


Aug. 


16 


1,091 


3,210 




429 




11 


256 


73 


5,070 


3,881 


8,951 


34 


Nov. 


8 


883 


3,400 




441 




11 


101 


87 


4,923 


4,061 


8,984 


33 


1948— Feb. 


21 


762 


3,262 




474 




16 


143 


155 


4,812 


4,222 


9,034 


34 


June 


5 


997 


3,364 




456 




15 


83 


81 


4,996 


4,057 


9,053 


36 


Sept. 


4 


1,068 


3,352 




412 




* 


176 


67 


5,075 


4,025 


9,100 


36 


Nov. 


20 


817 


3,493 




426 




* 


93 


105 


4,934 


4,203 


9,137 


38 


1949— Mar. 


5 


761 


3,294 




476 




14 


110 


196 


4,851 


4,328 


9,179 


41 


June 


4 


948 


3,492 




441 




* 


89 


101 


5,071 


4,140 


9,211 


43 


Aug. 


20 


1,062 


3,413 




398 




* 


227 


97 


5,197 


4,046 


9,243 


45 


Oct. 


29 


872 


3,564 




463 




* 


96 


145 


5,140 


4,359 


9,499 


46 


1950— Mar. 


4 


696 


3,294 




594 




40 


111 


308 


5,043 


4,511 


9,554 


47 


June 


3 


919 


3,594 




434 




13 


77 


144 


5,181 


4,393 


9,574 


47 


Aug. 


19 


996 


3,515 




384 




12 


253 


102 


5,262 


4,341 


9,603 


51 


Nov. 


4 


826 


3,635 




466 




18 


80 


115 


5,140 


4.498 


9,638 


60 


1951— Mar. 


3 


631 


3,569 




537 




31 


176 


170 


5,114 


4,574 


9,688 


66 


June 


2 


864 


3,768 




449 




12 


79 


83 


5,225 


4,459 


9,714 


75 


Aug. 


18 


942 


3,637 




388 




17 


282 


77 


5,343 


4,401 


9,744 


82 


Nov. 


3 


757 


3,701 




533 




21 


98 


100 


5,210 


4,580 


9,790 


85 


1952— Mar. 


1 


668 


3,637 




482 




51 


129 


212 


5,179 


4,708 


9,887 


94 


May 


31 


802 


3,853 




438 




19 


110 


107 


5,329 


4,581 


9,910 


98 


Aug. 


16 
22 


909 
723 


3,697 
3,957 




343 




18 
19 


366 
110 


86 
114 


5,419 
5,290 


4,521 
4,697 


9,940 
9,987 


99 


Nov. 


243 


32 


92 


100 


Dec. 


13 


702 


3,856 


225 


41 


193' 


26 


101 


132 


5,276 


4,724 


10,000 


100 


1953*Jan. 


24 


687 


3,836 


198 


45 


78 


48 


121 


187 


5,200 


4,764 


9,964 


103 


Feb. 


21 


680 


3,838 


196 


41 


84 


52 


124 


179 


5,194 


4,786 


9,980 


104 


Mar. 


21 


719 


3,815 


195 


41 


89 


39 


122 


172 


5,192 


4,794 


9,986 


104 


Apr. 


18 


766 


3,879 


192 


30 


74 


27 


108 


165 


5,241 


4,761 


10,002 


105 


May 


16 


821 


3,899 


211 


32 


145* 


11 


88 


114 


5,321 


4,685 


10,006 


105 


Tune 


20 


838 


4,050 


195 


28 


61 


10 


115 


90 


5,387 


4,633 


10,020 


105 


July 


18 


927 


3,880 


184 


28 


63 


13 


330 


90 


5,515 


4,522 


10,037 


105 


Aug. 


22 


908 


3,912 


168 


33 


72 


17 


305 


92 


5,507 


4,550 


10,057 


106 


Sept. 


19 


847 


4,049 


169 


35 


75 


13 


126 


84 


5,398 


4,682 


10,080 


106 


Oct. 


24 


776 


4,054 


182 


46 


58 


14 


110 


111 


5,351 


4,744 


10,095 


107 


Nov. 


21 


733 


3,981 


194 


60 


68 


27 


102 


151 


5,316 


4,791 


10,107 


107 


Dec. 


12 


702 


3,848 


186 


65 


171* 


26 


87 


190 


5,275 


4,840 


10,115 


107 



The figures for 19S3 are not strictly comparable with those for previous 

years because of revisions based upon new age and sex distributions 

obtained from the 1951 Census. The figures for earlier years are now being 

revised, the revision amounting to slightly more than one percent of the 

sampled population. 

Estimates based on a sample of about 30.000 households and therefore 

subject to sampling error which is relatively larger the smaller the estimate. 

Newfoundland is included beginning October. 1949. 

Principal reasons are bad weather, illness, vacations and, in December and 



May, observance of religious holidays. 

3. Includes only those who had definite instructions to return to their jobs 
within 30 days of date on which lay-off began. 

4. Principal reasons are illness and vacations. 

5. Includes persons who, though having jobs, did not work but sought work 
and those who would have sought work but were temporarily ill, on in- 
definite or prolonged lay-off, or believed no work was available. 

* Less than 10,000. 



JANUARY 1954 



14 



EMPLOYMENT AND LABOUR INCOME 

'Employment and Payrolls", "Man-Hours and Hourly Earnings" and "Estimates of Labour Income", Dominion Bureau of Statistics 





EMPLOYMENT INDEXES'. 2 


AVERAGE HOURS WORKED!. 3 


AVERAGE HOURLY 
EARNINGS!. 3. 4 












































Monthly 




TRIAL 


Manu- 


Con- 


Mining 


Manu- 


Con- 






Con- 




Labour 




Composite 


facturing 


struction 




facturing 


struction 




FACTURING 


struction 


Mining 


Income 

4,5 




Index 1949 - 100 


Number 


Cents 


Millions $ 


Monthly Average 
























1946 


88.2 


91.0 


69.5 


86.9 


42.7 


38.4 


43.2 


70.0 


76.9 


87.3 


444 


1947 


95.7 


97.2 


85.6 


88.6 


42.5 


39.3 


42.2 


80.3 


84.6 


98.0 


518 


1948 


99.7 


100.1 


95.4 


97.2 


42.2 


39.2 


42.6 


91.3 


94.1 


111.1 


597 


1949 


100.0 


100.0 


100.0 


100.0 


42.3 


39.7 


42.6 


98.6 


101.2 


117.2 


647 


1950 


101.5 


100.9 


102.4 


105.5 


42.3 


39.9 


43.0 


103.6 


105.6 


121.4 


693 


1951 


108.8 


108.0 


110.2 


110.6 


41.8 


40.3 


43.1 


116.8 


117.6 


133.4 


806 


1952 


111.6 


109.3 


122.5 


116.8 


41.5 


41.7 


42.7 


129.2 


130.8 


147.1 


895 


1953* 


113.4 


113.3 






41.3 


41.8 


42.6 


135.8 


143.1 


153.8 




First of Month 
























1952— Oct. 


116.4 


114.2 


143.6 


118.8 


42.1 


42.9 


43.3 


129.9 


134.9 


149.8 


946 


Nov. 


116.2 


113.6 


137.2 


118.3 


42.1 


43.2 


43.5 


131.0 


135.2 


150.4 


952 


Dec. 


116.1 


113.5 


129.4 


117.1 


42.5 


42.2f 


44.1 


132.1 


137.8f 


151.8 


942 


1953— Jan. 


113.0 


111.4 


111.3 


114.9 


38.3 


35.1 


40.6 


134.0 


135.8 


153.4 


928 


Feb. 


110.3 


111.9 


101.9 


114.4 


41.9 


42.1 


43.0 


134.2 


140.5 


153.5 


920 


Mar. 


110.0 


112.7 


93.7 


113.4 


42.1 


42.8 


42.1 


134.4 


142.7 


152.9 


924 


Apr. 


110.0 


112.9 


95.9 


111.9 


42.1 


42.0 


41.8 


134.9 


143.8 


152.6 


949 


Ma}' 


110.9 


113.1 


108.5 


111.9 


41.8 


41.0 


42.4 


135.5 


144.3 


153.7 


969 


June 


112.4 


113.4 


119.0 


112.1 


41.7 


42.3 


43.1 


135.9 


142.9 


153.1 


979 


July 


114.9 


114.7 


127.5 


113.7 


41.3 


42.4 


42.9 


136.2 


141.9 


153.0 


986 


Aug. 


115.6 


114.4 


135.4 


114.7 


41.0 


43.0 


42.8 


136.0 


142.5 


152.7 


993 


Sept. 


116.6 


115.6 


139.6 


112.3 


41.0 


43.3 


43.0 


135.7 


143.0 


153.4 


1,012 


Oct. 


116.9 


115.2 


135.8f 


108.8f 


41.5 


43.4 


43.1 


136 .6 f 


146.6 


153.8 


1,009 


Nov. 


115.9f 


113.lt 


131.7* 


107.9* 


41.4 


42.4| 


43.0 


137.4 


146.5t 


155.9f 


995 


Dec* 


113.9 


110.9 






41.3 


41.7 


43.9 


138.4 


147.0 


157.2 





As reported by employers usually having 15 or more employees. Dated 

first of month and covering the last pay period in the previous month. 

Include Newfoundland commencing in 1950. 

Coverage, including salaried and part-time workers, at Nov. 1, 1953 was 

Industrial Composite 2,596,321; Manufacturing 1,176,041; Construction 

265,832; Mining 96.833. 

Include hourly rated wage earners only. 



4. Gross earnings before deductions for taxes, unemployment insurance, etc. 

5. Wages and salaries and includes bonuses and commissions, food, clothing, 
shelter and contributions to insurance, pensions, etc. provided by employer. 
Includes Newfoundland commencing in 1949. 

* Preliminary, 
t Revised. 



Millions of Dollars 



ESTIMATES OF LABOUR INCOME 1 

"Estimates of Labour Income", Dominion Bureau of Statistics 











Utilities, 












Agriculture, 






Trans- 






Supple- 






Forestry, 


Manu- 
facturing 


Con- 


portation, 


Finance, 


Total 


mentary 


Total 




Fishing, 


struction 


Communi- 


Services 


Salaries 


Labour 


Labour 




Trapping, 


2 


cation, 


(incl. Govt.) 


and Wages 


Income 


Income 




Mining 






Storage, 
Trade 






i 




Average of Months 


















1939 


23 


62 


8 


58 


59 


210 


5 


215 


1941 


29 


106 


16 


73 


66 


290 


8 


298 


1945 


35 


156 


19 


100 


90 


400 


13 


413 


1946 


41 


147 


25 


114 


103 


430 


14 


444 


1947 


42 


177 


34 


134 


114 


501 


17 


518 


1948 


49 


204 


41 


154 


130 


578 


19 


597 


1949 


49 


214 


47 


169 


147 


626 


21 


647 


1950 


55 


231 


47 


180 


156 


669 


24 


693 


1951 


70 


270 


52 


208 


178 


778 


28 


806 


1952 


76 


299 


62 


230 


197 


864 


31 


895 


Monthly 


















1952— Oct. 


82 


314 


77 


239 


202 


914 


32 


946 


Nov. 


83 


318 


75 


242 


202 


920 


32 


952 


Dec. 


76 


322 


62 


245 


205 


910 


32 


942 


1953— Jan. 


71 


317 


58 


247 4 


203 


896 


32 


928 


Feb. 


69 


322 


56 


235 


207 


889 


31 


920 


Mar. 


61 


325 


57 


236 


213 


892 


32 


924 


Apr. 


61 


326 


63 


253* 


213 


916 


33 


949 


May 


69 


328 


72 


249 


219 


937 


32 


969 


June 


75 


328 


72 


253 


218 


946 


33 


979 


July 


77 


325 


76 


255 


219 


952 


34 


986 


Aug. 


80 


328 


81 


256 


215 


960 


33 


993 


Sept. 


81 


333 


82 


258 


224 


978 


34 


1,012 


Oct. 


78 


328 


83 


259 


227 


975 


34 


1,009 


Nov. 


77 


324 


76 


258 


227 


962 


33 


995 



Gross earnings before deductions made for income tax, etc. Include bonuses, 
commissions as well as allowances for food, clothing and living accommo- 
dation where provided by employer. Include Newfoundland commencing 
1949. The years 1950, 1951 and 1952 have been adjusted to be in agree- 
ment with the revised publication "National Accounts, Income and 



Expenditure, 1949-1952". 

2. Contract construction only commencing 1950. 

3. Employers' contribution to unemployment insurance, workmen's compen- 
sation, pensions and welfare. 

4. Include retroactive wage payment to railway employees. 



15 



JANUARY 1954 



1935-39=100 



VOLUME OF INDUSTRIAL PRODUCTION 

INDEXES NOT SEASONALLY ADJUSTED 

"Canadian Statistical Review", Dominion Bureau of Statistics 





Total 


Mining 


Manufacturing 


Electricity 




Total 


Non- 
Durables 


Durables 


Manufactured 
Gas 


Weighting 


100.0 


16.8 


75.6 


46.1 


29.5 


7.6 


Annual Average 














1935 


85.6 


79.5 


86.5 


89.0 


82.7 


90.4 


1937 


108.0 


103.8 


109.3 


106.7 


113.2 


105.1 


1939 


109.7 


118.0 


108.1 


108.2 


107.9 


107.5 


1945 


187.2 


100.9 


209.8 


176.3 


262.1 


152.1 


1947 


187.8 


106.2 


207.7 


191.2 


233.5 


169.3 


1948 


196.3 


122.2 


215.5 


197.1 


244.4 


168.6 


1949 


199.6 


131.7 


217.0 


198.2 


246.3 


176.1 


1950 


211.5 


145.4 


228.1 


208.3 


259.1 


190.9 


1951 


226.5 


161.8 


242.1 


214.0 


285.9 


214.2 


1952 


232.9 


174.7 


246.3 


215.2 


294.8 


228.8 


Monthly 
1952— Oct. 


248.1 


198.7 


260.4 


228.1 


310.8 


235.1 


Nov. 


248.1 


184.5 


263.5 


232.4 


312.2 


235.3 


Dec. 


235.7 


173.3 


248.9 


213.4 


304.5 


241.4 


1953— Jan. 


232.1 


164.6 


245.6 


203.4 


311.6 


246.7 


Feb. 


242.0 


162.6 


258.3 


214.3 


327.0 


254.4 


Mar. 


246.8 


160.2 


265.6 


221.8 


334.1 


251.0 


Apr. 


254.5 


175.5 


270.8 


227.8 


337.9 


266.3 


May 


254.7 


180.4 


271.6 


230.3 


336.3 


250.0 


June 


257.5 


196.3 


273.3 


231.9 


338.1 


235.7 


July 


247.0 


206.5 


258.3 


219.5 


319.2 


223.4 


Aug. 


248.5 


200.9 


262.0 


230.5 


311.3 


218.4 


Sept. 


257.0f 


212.2 


269 .9t 


235.lt 


324. 5f 


226.7 


Oct. 


254.3f 


199 .9f 


268.0f 


232.5f 


323. 5f 


237. 7f 


Nov. 


251.2* 


193.9* 


264.8* 


231.8* 


316.4* 


242.7* 



t Revised. 



* Preliminary. 



INDE X 1935-39-100 

280 — 



INDEXES OF INDUSTRIAL PRODUCTION 
NOT SEASONALLY ADJUSTED 



200 — 



TOTAL 



1953 




2fl0 290 



240 250 



200 



J L 



DEC. 



JUNE 



DEC. 




INDEX 1935-39=100 

290 



250 



DEC 



JUNE 



DEC. 




210 270 — 



230 



JUNE 




JUNE 



DEC. 



JANUARY 1954 



16 



Millions of Dollars 



EXTERNAL TRADE AND TRADE INDEXES 1 

Compiled from "Trade of Canada", Dominion Bureau of Statistics 



TOTAL EXPORTS (EXCLUDING GOLD) TO 2 


New Gold 
Production 


EXPORT INDE> 

1948 - 100 


:es s 








Other 


















Western 


Central 




Total 


Available 










U.S.A. 


U.K. 


Sterling 


Europe & 


and 


All 


All 


for 


Total 




Physical 








Area 
3 


Colonies 
4 


South 
America 


Other 


Countries 


Export 


Value 


Price 


Volume 


Calendar Years 
























1926 


471 


318 


85 


283 


44 


76 


1,277 


30 


41.0 


70.2 


58.4 


1929 


515 


226 


93 


207 


44 


92 


1,178 


37 


37.5 


64.4 


58.2 


1933 


173 


188 


39 


95 


10 


30 


535 


82 


17.2 


39.9 


43.1 


1937 


394 


386 


97 


94 


25 


49 


1,045 


145 


32.4 


53.4 


60.7 


1947 


1,057 


754 


359 


327 


135 


180 


2,812 


99 


90.2 


91.6 


98.5 


1948 


1,522 


689 


290 


317 


127 


165 


3,110 


119 


100.0 


100.0 


100.0 


1949 


1,524 


709 


305 


254 


132 


99 


3,023 


139 


97.3 


103.3 


94.2 


1950 


2,051 


473 


200 


199 


154 


80 


3,157 


163 


101.4 


108.3 


93.6 


1951 


2,334 


636 


266 


364 


217 


146 


3,963 


150 


127.3 


123.0 


103.5 


1952 


2,349 


751 


291 


468 


281 


216 


"-*$S6~ 


150 


139.9 


121.8 


114.9 


1953 


2,463 


669 


252 


367 


207 


215 


4,173 


144 








Monthly 
























1952-Oct. 


210.9 


51.4 


17.0 


52.1 


27.0 


20.9 


379.3 


10.1 


145.9 


120.5 


121.1 


Nov. 


213.3 


61.5 


24.7 


42.7 


22.7 


26.9 


391.8 


13.6 


151.1 


120.4 


125.5 


Dec. 


224.5 


47.7 


19.6 


45.2 


23.3 


33.6 


393.9 


13.5 


152.0 


119.1 


127.6 


1953-Jan. 


191.7 


49.5 


17.7 


22.4 


18.8 


20.8 


321.3 


16.0 


123.8 


119.8 


103.3 


Feb. 


176.8 


36.4 


23.1 


19.5 


13.6 


10.2 


279.6 


16.1 


107.5 


119.3 


90.1 


Mar. 


206.4 


38.8 


18.4 


17.9 


17.7 


13.8 


313.0 


15.6 


120.1 


119.4 


100.6 


Apr. 


192.3 


45.3 


18.0 


21.8 


17.0 


10.4 


304.8 


11.7 


117.5 


119.5 


98.3 


May 


224.2 


68.5 


24.0 


38.5 


15.5 


14.3 


385.0 


12.0 


148.4 


118.6 


125.1 


June 


218.2 


77.3 


27.7 


52.0 


21.4 


19.4 


416.0 


13.7 


160.6 


119.2 


134.7 


July 


212.7 


81.3 


24.7 


43.8 


17.0 


18.8 


398.3 


9.3 


153.4 


118.7 


129.2 


Aug. 


199.9 


67.2 


19.4 


26.7 


12.1 


21.6 


346.9 


10.7 


133.7 


118.8 


112.5 


Sept. 


211.4 


45.0 


25.7 


24.1 


18.2 


19.4 


343.8 


10.4 


132.0 


119.3f 


110.6f 


Oct. 


201.9 


55.8 


16.3 


33.4 


19.1 


21.3 


347.8 


9.9 


134.0 


118.3 


113.3 


Nov. 


204.0f 


56.1 


19.7 


35.1 


21.0 


19.3 


355.2f 


9.1 


136.9 


116.7 


117.3 


Dec. 


223.5 


47.7 


17.0 


31.7 


15.5 


25.5 


360.9 


9.8 











TOTAL IMPORTS (EXCLUDING GOLD) FROM 






Excess of 


IMPORT INDEXES 5 


















Merchandise 




1948-100 










Other 


Western 


Central 




Total 


Exports 
over 
















U.S.A. 


U.K. 


Sterling 


Europe & 


and 


All 


AU 


Merchandise 


Total 




Physical 








Area 
3 


Colonies 
4 


South 
America 


Other 


Countries 


Imports 


Value 


Price 


Volume 


Calendar Years 
























1926 


669 


165 


47 


71 


33 


23 


1,008 


269 


38.1 


68.9 


55.3 


1929 


894 


195 


59 


90 


33 


28 


1,299 


-121 


49.1 


63.0 


77.9 


1933 


217 


98 


34 


32 


10 


10 


401 


134 


15.1 


43.7 


34.6 


1937 


491 


147 


87 


43 


21 


20 


809 


236 


30.6 


50.8 


60.2 


1947 


1,975 


189 


158 


64 


159 


29 


2,574 


238 


97.6 


88.0 


110.9 


1948 


1,806 


300 


194 


77 


223 


37 


2,637 


473 


100.0 


100.0 


100.0 


1949 


1,952 


307 


187 


83 


193 


39 


2,761 


261 


104.7 


102.6 


102.0 


1950 


2,131 


404 


242 


114 


215 


68 


3,174 


-17 


120.4 


110.3 


109.2 


1951 


2,813 


421 


309 


181 


275 


86 


4,085 


-122 


154.8 


126.2 


122.7 


1952 


2,977 


360 


186 


157 


285 


66 


4,031 


326 


152.3 


110.3 


138.1 


12 Mths. end'g 
























Oct. 1953 


3,260 


440 


170 


177 


289 


66 


4,402 


-160 








Monthly 
























1952-Oct. 


275.2 


37.1 


16.8 


15.5 


26.7 


5.1 


376.4 


3.0 


170.8 


107.8 


158.4 


Nov. 


264.2 


35.3 


15.9 


17.3 


24.6 


6.1 


363.4 


28.3 


164.4 


108.2 


151.9 


Dec. 


265.2 


28.0 


10.1 


13.0 


22.6 


6.2 


345.1 


48.8 


155.8 


108.5 


143.6 


1953-Jan. 


249.2 


30.6 


9.4 


10.3 


21.2 


7.0 


327.8 


-6.6 


147.5 


108.4 


136.1 


Feb. 


241.0 


27.2 


8.9 


8.9 


20.9 


3.1 


310.0 


-30.4 


140.5 


108.1 


130.0 


Mar. 


272.8 


37.6 


11.0 


11.9 


22.1 


4.7 


360.1 


-47.1 


163.4 


109.0 


149.9 


Apr. 


297.3 


37.9 


12.6 


17.3 


22.8 


3.9 


391.8 


-87.0 


177.9 


109.1 


163.1 


May 


312.3 


43.5 


17.6 


15.4 


27.7 


4.1 


420.6 


-35.6 


190.5 


109.4 


174.1 


June 


299.8 


42.8 


17.1 


17.0 


23.3 


6.3 


406.3 


9.7 


184.2 


110.2 


167.2 


July 


286.5 


47.1 


17.6 


16.0 


31.2 


6.7 


405.4 


-7.1 


182.6 


109.5 


166.8 


Aug. 


244.7 


38.4 


14.7 


15.1 


26.5 


5.8 


345.2 


1.7 


156.2 


109.9f 


142.lt 


Sept. 


268.0 


34.3 


16.9 


16.0 


25.3 


7.0 


367.5 


-23.7 


165.7 


110.8 


149.5 


Oct. 


258.3| 


36.8f 


18.5 


17.1 


22.2 


5.4 


358.3f 


-10.5t 


161.6 


110.6 


146.1 


Nov.* 


244. 5f 


38.9f 










351. 4f 


3.8f 








Dec* 


249.1 


37.9 










338.8 


22.1 









1. Commencing April 1, 1949, external trade of Newfoundland is included 
and Canadian trade with Newfoundland, formerly in the "All Other" 
category, disappears. 

2. Includes exports of foreign produce. Prior to 1947 wheat exports are based 
on Board of Grain Commissioners' data rather than Customs' clearances. 
Excludes defence equipment transferred by Canada to North Atlantic 
Treaty countries which in 1950, 1951 and 1952 amounted to 56.8, 109.1, 
and 100.9 million dollars respectively. 

3 Consists of U.K. Dependencies, Union of South Africa, Eire, India, 



Pakistan, Burma, Australia, New Zealand, Iceland, Jordan, Libya, Ceylon 
and Iraq. 

4. Excludes Spain, but includes Greece and Turkey. 

5. Excludes exports of foreign produce. Price indexes are based largely on 
unit values derived from the Customs' entries. Price indexes prior to 
1948 are converted from 1935-39=100. 

* Preliminary, 
t Revised. 



17 



JANUARY 1954 



MERCHANDISE EXPORTS : COMMODITY CLASSIFICATION BY VOLUME 1 

Compiled from "Trade of Canada — Exports", Dominion Bureau of Statistics 





Wheat 2 


Wheat 
Flour 


Oats, 

Barley, 

Rye 


Live 
Cattle 


Beef 


Bacon 

and 
Hams 


Cheese 


Milk 
(powdered 
condensed 
evapo- 
rated) 


Fish 

(fresh 

and 

frozen) 


Fish 

(canned 

and salted 

etc.) 


Planks 

and 
Boards 


Pulpwood 




mm. bus. 


mm. bbls. 


mm. bus. 


Thous. 


Thous. cwt. 


mm. lbs: 


mm. lbs. 


mm. lbs. 


mm. lbs. 


mm. lbs. 


mm. bd. ft. 


Thous. cords 


Calendar Years 


























1929 


211 


10 


27 


254 


301 


29 


93 


32 


122 


295 


1,755 


1,295 


1932 


228 


5 


34 


33 


41 


36 


87 


25 


84 


174 


674 


529 


1937 


106 


4 


17 


322 


161 


196 


89 


33 


140 


184 


1,858 


1,543 


1947 


160 


18 


23 


83 


426 


236 


56 


80 


203 


271 


2,726 


1,883 


1948 


136 


12 


54 


371 


1,228 


205 


40 


90 


212 


221 


2,460 


2,188 


1949 


210 


10 


52 


421 


1,002 


67 


53 


72 


205 


251 


2,181 


1,503 


1950 


163 


10 


41 


459 


840 


79 


63 


56 


267 


284 


3,575 


1,612 


1951 


237 


12 


110 


239 


934 


6 


31 


41 


253 


286 


3,436 


2,676 


1952 


336 


13 


193 


15 


668 


4 


2 


69 


279 


263 


3,329 


2,329 


12-mths ending 


























Nov. 1953 


307 


11 


213 


66 


611 


7 


9 


51 


265 


264 


3,333 


1,619 


Monthly 


























1952-Sept. 


24.5 


1.1 


15.5 


.4 


9.4 


.3 


.2 


6.6 


33.0 


21.5 


334.1 


233.8 


Oct. 


27.1 


1.4 


25.0 


.1 


33.9 


.4 


.3 


8.4 


25.4 


26.4 


273.9 


266.8 


Nov. 


38.0 


1.1 


19.9 


- 


118.5 


.5 


.4 


8.9 


27.8 


25.5 


330.4 


167.8 


Dec. 


24.7 


1.3 


34.1 


- 


36.6 


.4 


.2 


8.4 


14.2 


28.6 


234.6 


146.8 


1953-Jan. 


18.7 


.8 


6.0 


.1 


21.5 


.3 


.1 


3.5 


16.9 


21.3 


231.1 


138.3 


Feb. 


14.0 


.7 


4.1 


- 


12.8 


.3 


.8 


1.8 


19.4 


25.7 


220.0 


130.2 


Mar. 


11.2 


1.0 


3.7 


5.0 


42.3 


.6 


.2 


3.7 


19.2 


24.4 


301.2 


137.1 


Apr. 


15.4 


1.0 


9.9 


6.1 


8.7 


.7 


.4 


2.6 


12.0 


14.7 


308.0 


56.1 


May 


31.2 


1.1 


20.4 


8.8 


13.4 


.7 


.1 


4.4 


16.2 


26.7 


264.0 


77.4 


June 


42.9 


1.3 


18.6 


7.9 


7.0 


.8 


.2 


4.0 


20.4 


31.0 


313.7 


95.2 


July 


36.3 


1.1 


20.3 


9.5 


39.3 


.9 


.1 


4.7 


31.1 


18.3 


288.1 


163.7 


Aug. 


30.4 


.8 


19.5 


12.4 


30.8 


.5 


.1 


3.4 


33.1 


19.3 


315.5 


182.8 


Sept. 


19.4 


.7 


21.5 


6.9 


26.1 


.6 


.1 


5.6 


32.4 


20.5 


279.5 


197.5 


Oct. 


26.4 


.7 


21.8 


4.1 


16.9 


.4 


.1 


3.4 


30.2 


17.6 


314.1 


167.8 


Nov. 


19.6 


.9 


33.4 


5.0 


21.5 


.6 


6.3 


5.0 


20.6 


25.6 


263.2 


125.9 





Wood 
Pulp 


News- 


Autos 
and 


Aluminum 
(unmanu- 


Copper 
(unmanu- 


Lead 

(unmanu- 


Zinc 
(unmanu- 


Nickel 
(unmanu- 


Silver 
(unmanu- 


Asbestos 
(unmanu- 


Fertilizer 


New Gold 
Production 




print 


Trucks 


factured) 


factured) 


factured) 


factured) 


factured) 


factured) 


factured) 




for Export 




Thous. tons 


Thous. tons 


Thous. 


Thous. tons 


Thous. tons 


Thous. tens 


Thous. tons 


Thous. tons 


Thous. 

fine oz. 


Thous. tons 


Thous. tons 


Thous. 
fine oz. 


Calendar Years 


























1929 


831 


2,515 


102 


38 


123 


122 


84 


55 


21,938 


292 


222 


1,872 


1932 


452 


1,777 


13 


10 


133 


109 


88 


16 


16,992 


112 


124 


3,013 


1937 


871 


3,455 


66 


50 


219 


185 


170 


111 


20,389 


391 


273 


4,128 


1947 


1,699 


4,221 


84 


228 


142 


132 


183 


117 


10,237 


637 


791 


2,851 


1948 


1,798 


4,328 


48 


333 


178 


109 


206 


132 


8,729 


690 


692 


3,423 


1949 


1,549 


4,705 


30 


397 


199 


135 


281 


127 


10,267 


535 


706 


3,866 


1950 


1,846 


4,938 


34 


353 


188 


136 


282 


122 


11,849 


830 


742 


4,283 


1951 


2,243 


5,112 


60 


375 


152 


127 


305 


131 


17,795 


942 


623 


4,080 


1952 


1,941 


5,327 


80 


441 


168 


159 


352 


142 


18,475 


902 


746 


4,310 


12-mths ending 


























Nov. 1953 


1,934 


5,210 


48 


481 


194 


162 


352 


143 


20,183 


886 


720 


4,277 


Monthly 
1952-Sept. 


139.3 


415.5 


6.8 


39.1 


15.1 


15.5 


24.6 


12.2 


801.0 


83.3 


61.2 


374.7 


Oct. 


157.8 


426.2 


8.2 


41.3 


15.1 


16.4 


36.4 


10.6 


1,448.3 


78.1 


65.9 


296.2 


Nov. 


161.7 


498.6 


5.8 


35.1 


14.9 


17.3 


31.0 


12.3 


1,133.0 


69.8 


58.8 


395.4 


Dec. 


164.6 


427.7 


3.6 


35.2 


8.8 


9.6 


27.5 


9.2 


1,455.5 


88.6 


60.7 


398.9 


1953-Jan. 


158.2 


458.9 


3.9 


35.5 


16.1 


18.9 


40.7 


13.3 


2,148.7 


63.5 


67.6 


460.3 


Feb. 


127.4 


372.9 


4.8 


38.1 


20.6 


10.4 


27.6 


11.2 


1,347.3 


63.3 


71.3 


459.9 


Mar. 


149.1 


435.2 


4.0 


51.1 


14.2 


18.8 


34.4 


12.3 


832.7 


74.1 


62.4 


451.3 


Apr. 


144.5 


384.8 


4.2 


30.3 


15.2 


17.6 


29.1 


12.4 


2,079.8 


70.0 


61.1 


334.0 


May 


164.4 


441.2 


3.8 


40.3 


20.9 


11.2 


35.6 


11.5 


2,031.3 


81.5 


69.6 


343.1 


June 


171.8 


434.1 


4.3 


48.0 


20.2 


16.5 


29.8 


12.4 


987.5 


83.7 


69.6 


393.5 


July 


170.4 


478.0 


3.7 


42.3 


20.2 


7.6 


31.1 


12.1 


2,169.1 


71.0 


49.9 


268.3 


Aug. 


165.5 


428.4 


2.4 


37.4 


11.8 


16.0 


23.0 


12.3 


1,229.8 


68.1 


45.5 


308.7 


Sept. 


165.0 


491.2 


3.6 


45.2 


13.3 


10.6 


25.5 


11.3 


1,990.4 


73.3 


55.0 


302.5 


Oct. 


169.6 


443.4 


5.2 


32.3 


16.8 


14.0 


27.5 


11.7 


2,034.5 


77.4 


54.5 


288.7 


Nov. 


183.6 


413.6 


4.6 


45.1 


16.4 


10.6 


20.0 


13.3 


1,876.4 


71.8 


52.7 


267.5 



1. Includes foreign trade of Newfoundland as from April 1, 1949. Where quantity is shown in tons, a short ton of 2000 lbs. has been used. 

2. Prior to 1947, export figures are based on Board of Grain Commissioners' data rather than Customs' clearances. 



JANUARY 1954 



18 



MERCHANDISE IMPORTS : COMMODITY CLASSIFICATION BY VOLUME 1 

Compiled from "Trade of Canada — Imports", Dominion Bureau of Statistics 





















Cotton 


Cotton 


Wool 


Wool 

(yarns, 

fabrics 

and 

worsteds) 




Bananas 


Oranges 


Fresh 
Vegetables 


Sugar 


Coffee 


Tea 


Cocoa 


Distilled 
Beverages 


(raw and 
unmanu- 


(thread, 
yarns and 


(raw and 
unmanu- 




















factured) 


fabrics) 


factured) 




Thous. cwt. 


Thous. cwt. 


mm. lbs. 


Thous. cwt. 


mm. lbs. 


mm. lbs. 


mm. lbs. 


Thous. gals. 


mm. lbs. 


mm. lbs. 


mm. lbs. 


mm. lbs. 


alendar Years 


























1929 


3,944 


* 


* 


9,510 


28 


39 


25 


2,526 


151 


* 


19 


* 


1932 


3,098 


4,341 


131 


8,684 


31 


40 


20 


929 


107 


18 


18 


9 


1937 


3,528 


5,023 


213 


9,297 


38 


40 


27 


1,309 


171 


28 


37 


14 


1947 


3,649 


10,654 


388 


10,143 


51 


47 


34 


2,527 


205 


84 


52 


16 


1948 


3,332 


9,589 


187 


12,439 


88 


36 


41 


2,378 


184 


49 


61 


17 


1949 


2,997 


8,336 


366 


12,446 


98 


43 


46 


2,632 


221 


52 


45 


15 


1950 


2,843 


8,467 


562 


12,782 


83 


55 


46 


2,257 


246 


42 


51 


13 


1951 


2,666 


9,902 


517 


10,926 


88 


42 


28 


3,099 


215 


50 


45 


12 


1952 


2,819 


11,024 


111 


11,864 


98 


46 


34 


3,995 


181 


51 


32 


12 


-roths ending 


























3ct. 1953 


2,980 


12,018 


626 


11,776 


104 


48 


38 


3,763 


187 


58 


41 


17 


Monthly 


























952-Aug. 


306.0 


714.0 


6.5 


886.1 


8.2 


2.0 


.7 


342.0 


6.1 


3.9 


4.7 


1.2 


Sept. 


260.0 


726.8 


8.5 


1,321.0 


7.9 


4.3 


.5 


443.7 


12.0 


4.2 


2.6 


1.1 


Oct. 


238.9 


628.3 


22.3 


1,972.2 


8.4 


3.8 


.5 


405.9 


17.5 


5.3 


2.4 


1.3 


Nov. 


194.6 


790.7 


31.5 


1,602.9 


8.9 


5.9 


.8 


348.4 


20.8 


5.1 


2.2 


1.4 


Dec. 


196.1 


1,695.5 


46.4 


528.0 


8.7 


3.8 


.8 


415.0 


22.3 


5.2 


2.2 


1.2 


953- Jan. 


158.7 


762.9 


51.5 


69.9 


8.5 


4.0 


1.7 


317.2 


20.4 


5.6 


4.2 


1.6 


Feb. 


180.9 


1,042.5 


55.5 


407.9 


8.3 


3.1 


6.4 


226.4 


21.8 


6.1 


3.5 


1.3 


Mar. 


221.9 


1,106.8 


76.5 


442.8 


10.6 


6.0 


2.8 


363.8 


17.2 


6.0 


3.7 


1.4 


Apr. 


249.5 


1,016.9 


100.2 


800.6 


9.6 


4.4 


3.3 


324.6 


16.4 


5.0 


5.5 


1.5 


May 


312.5 


1,126.5 


98.2 


1,129.9 


8.9 


5.2 


7.3 


384.4 


15.1 


5.3 


5.8 


1.5 


June 


298.3 


1,089.7 


67.6 


1,280.7 


6.2 


3.6 


4.2 


257.4 


11.6 


4.6 


4.1 


1.5 


July 


386.8 


1,048.8 


57.9 


1,121.0 


7.9 


2.6 


5.7 


222.7 


12.6 


3.9 


3.8 


1.8 


Aug. 


267.6 


777.2 


11.5 


1,311.5 


7.9 


3.0 


2.0 


217.3 


9.6 


3.6 


2.6 


1.4 


Sept. 


275.0 


862.6 


8.5 


1,451.6 


9.6 


2.6 


1.5 


329.9 


8.7 


4.2 


2.1 


1.0 


Oct. 


238.0 


698.1 


21.0 


1,629.8 


8.7 


4.2 


1.3 


356.5 


10.3 


3.9 


1.6 


1.2 





Crude 
Rubber 


Iron 
Ore 


Pigs, 

Ingots, 

Blooms 

& Billets 


Bars, 

Rods 

and Rails 


Sheets 

and 

Plates 


Structural 
Iron 


Autos 

and 

Trucks 


Bauxite 
Ore 


Tin 


Coal 


Crude 
Petroleum 


Gasoline, 
Kerosene 

and 
Fuel Oils 




mm. lbs. 


Thous. tons 


Thous. tons 


Thous. tons 


Thous. tons 


Thous. tons 


Thous. 


Thous. tons 


Thous. cwt. 


mm. tons 


mm. gals. 


mm. gals. 


alendar Years 


























1929 


80 


2,448 


86 


257 


653 


381 


45 


145 


51 


18 


1,067 


275 


1932 


47 


68 


11 


28 


255 


31 


1 


52 


31 


12 


910 


193 


1937 


81 


2,125 


20 


60 


491 


76 


20 


304 


59 


15 


1,362 


126 


1947 


77 


3,945 


21 


120 


483 


235 


43 


1,400 


89 


29 


2,418 


764 


1948 


96 


4,300 


62 


110 


460 


218 


21 


2,015 


81 


31 


2,717 


748 


1949 


90 


2,517 


84 


118 


601 


221 


39 


1,794 


82 


22 


2,649 


584 


1950 


104 


3,071 


60 


98 


551 


189 


89 


1,862 


108 


27 


2,805 


832 


1951 


108 


3,831 


148 


197 


757 


382 


48 


2,402 


137 


27 


2,949 


911 


1952 


81 


4,268 


156 


179 


673 


339 


39 


2,455 


88 


25 


2,897 


1,043 


-mthe ending 


























3ct. 1953 


93 


4,791 


128 


124 


577 


294 


60 


2,588 


88 


24 


2,919 


1,037 


Monthly 

952-Aug. 


7.3 


379.7 


8.2 


10.1 


31.0 


17.7 


4.1 


423.4 


9.8 


2.1 


272.1 


78.8 


Sept. 


5.1 


1,029.0 


8.7 


14.4 


55.4 


25.5 


3.1 


318.4 


5.2 


2.7 


262.4 


121.4 


Oct. 


6.9 


949.1 


14.4 


14.5 


57.6 


31.0 


3.6 


254.1 


4.1 


2.6 


251.1 


100.9 


Nov. 


6.4 


642.7 


33.8 


13.5 


51.2 


25.8 


2.4 


198.9 


10.1 


2.2 


255.9 


106.5 


Dec. 


9.3 


212.5 


24.7 


10.3 


49.7 


18.3 


2.0 


176.2 


5.2 


1.5 


241.3 


116.5 


953-Jan. 


8.3 


16.6 


25.2 


13.1 


47.1 


19.8 


2.8 


28.5 


5.0 


1.2 


263.9 


71.4 


Feb. 


7.6 


11.0 


4.8 


7.9 


45.2 


19.2 


2.9 


14.3 


2.7 


1.6 


233.5 


51.6 


Mar. 


6.2 


2.2 


8.6 


9.6 


47.5 


19.9 


6.2 


19.4 


8.2 


1.4 


251.9 


48.9 


Apr. 


7.1 


12.1 


10.4 


10.4 


55.8 


23.4 


8.9 


17.4 


16.0 


1.6 


228.4 


49.8 


May 


8.6 


460.1 


3.5 


9.3 


56.1 


25.4 


9.6 


364.1 


4.3 


2.3 


225.1 


91.2 


June 


7.5 


685.4 


5.1 


9.0 


49.9 


28.9 


8.9 


337.5 


10.7 


2.5 


267.2 


88.1 


July 


7.1 


775.6 


6.1 


12.4 


45.0 


30.2 


6.8 


393.5 


5.5 


2.5 


283.2 


106.8 


Aug. 


7.8 


864.4 


1.2 


8.6 


38.6 


29.2 


4.4 


360.3 


7.3 


2.2 


218.9 


91.9 


Sept. 


8.5 


667.7 


3.4 


10.0 


40.4 


25.7 


2.6 


368.3 


4.0 


2.3 


226.1 


106.3 


Oct. 


8.8 


440.3 


.9 


10.1 


50.2 


28.5 


1.9 


309.5 


8.9 


2.3 


223.9 


107.7 



Includes imports from Newfoundland until March 31, 1949 and imports into Newfoundland from other countries thereafter, 
tons, a short ton of 2000 lbs. has been used. * Not available. 



Where quantity is shown in 



w. 



BANK OF CANADA 

STATISTICAL SUMMARY 



A Cumulative Table of Contents for 1954 appears on the back cover 

TABLES 

Bank of Canada: Liabilities and Assets 19-20 

Chartered Banks: Liabilities and Assets 19-20 

General Public Holdings of Certain Liquid Assets: 

A — Currency, Bank Deposits and Government of Canada 

Securities 21-22 

B — Approximate Division between Non-Resident, Resident 

Corporate and Resident Non-Corporate Holdings . . 23-24 

Government Bond Yields and Treasury Bill Rates . ,.. . . . 24 

Foreign Exchange Rates 25 

Official Holdings of Gold and U.S. Dollars 25 

Price Indexes 26 

Employment and Labour Income 26 

National Accounts: Yearly 27 

Labour Force Status of the Population 28 

Capital Expenditures on New Construction, Machinery and 

Equipment 29 

Volume of Industrial Production 30 

Mineral Production 31 

External Trade and Trade Indexes 32 

Domestic Exports: Commodity Classification by Destination . . 33 

U.S.A. Economic Statistics 34 

Merchandise Imports: Commodity Classification by Value . . 35-36 



UNTVRR8ITY O^ 

M A 






CHARTS 

Chartered Banks: Current Loans to the Public in Canada 23 

United States Dollar in Canadian Funds 25 

Gross National Expenditure 28 

National Income and Gross National Product 28 

Capital Expenditures: Selected Industries 30 

Value of Selected Canadian Exports 34 



Tobies ond Charts may be reproduced or referred to provided that the Bank of Canada 
Statistical Summary, with its date, is specifically quoted as the source. Subscription: 25c per 
copy, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa. 



FEBRUARY 1954 




19 



FEBRUARY 1954 FEBRUARY 1954 

BANK OF CANADA 



20 













LIABILITIES 










ASSETS 












Chartered Bank Cash 








Active 

B. of C. 

Note 

Circulation 


All 


Total 




Foreign 

Exchange 

1 


Securities 




All 






Notes 
in Tills 


Deposits 

at 
B.ofC. 


Total 


Canada 
Deposits 


Other 
Deposits 


Currency 
Deposits 

l 


Other 
Accounts 


Liabilities Gold 
or 

Assets 


Silver 


Govt, of Canada 
and Provincial 


Ind. Dev. 

Bank 
Cap. Stock 


Other 
Securities 


Total 


Advances 


Other 
Accounts 






Under 2 yrs. 


Over 2 yrs. 




As at Dec. 31 2 
1935 


40.6 


181.6 


222.2 


17.9 


.8 


_ 


59.1 


7.7 


307.7 180.5 


1.6 


4.2 


30.9 


83.4 


_ 




114.3 


3.5 


3.5 


As at Dee. 31 ! 
1935 


1937 


53.9 


196.0 


249.9 


11.1 


3.5 


- 


111.4 


14.4 


390.3 « 179.8 


3.0 


14.9 


82.3 


91.6 


- 


12.2 


186.1 


_ 


6.5 


1937 


1939 


70.6 


217.0 


287.6 


46.3 


17.9 


- 


162.2 


13.3 


527.2 , 225.7 
• 
1,948.6 


_ 


64.3 


181.9 


49.9 


- 


- 


231.8 


- 


5.5 


1939 


1946 


176.9 


565.5 


742.3 


60.5 


93.8 


1.0 


1,009.3 


41.7 


- 


1.0 


1,197.4 


708.2 


15.0 


_ 


1,920.6 


_ 


27.1 


1946 


1947 


183.9 


536.2 


720.1 


68.8 


67.5 


2.0 


1,027.5 


40.4 


1,926.2 


- 


2.0 


1,022.0 


858.5 


25.0 


- 


1,905.6 


_ 


18.7 


1947 


1948 


190.8 


547.3 


738.1 


98.1 


81.0 


.4 


1,098.3 


42.7 


2,058.6 


- 


- 


.5 


1,233.7 


779.1 


25.0 


- 


2,037.7 


- 


20.4 


1948 


1949 


211.8 


541.7 


753.5 


30.7 


126.9 


79.6 


1,095.6 


39.5 


2,125.9 


- 


- 


74.2 


1,781.4 


227.8 


25.0 


5.5 


2,039.7 


- 


12.0 


1949 


1950 


231.3 


578.6 


809.9 


24.7 


207.1 


133.6 


1,136.1 


39.0 


2,350.3 


- 


- 


111.7 


1,229.3 


712.5 


25.0 


247.9 


2,214.7 


- 


24.0 


1950 


1951 


273.1 


619.0 


892.1 


94.9 


66.1 


155.6 


1,191.1 


44.4 


2,444.1 


- 


- 


117.9 


1,141.8 


1 ,049.3 


25.0 


89.0 


2,305.1 


- 


21.0 


1951 


1952 


272.5 


626.6 


899.1 


16.2 


44.5 


82.9 


1,288.7 


50.0 


2,381.4 


- 


- 


77.2 


1,459.8 


767.2 


25.0 


13.0 


2,265.0 


- 


39.2 


1952 


1953 


263.8 


623.9 


887.7 


51.5 


29.5 


63.8 


1,335.3 


69.3 


2,437.2 


- 


- 


55.1 


1,376.6 


893.7 


25.0 


23.4 


2,318.6 


- 


63.5 


1953 


End of 
1952— Dec. 2 


272.5 


626.6 


899.1 


16.2 


44.5 


82.9 


1,288.7 


50.0 


2,381.4 


- 


77.2 


1,459.8 


767.2 


25.0 


13.0 


2,265.0 


- 


39.2 


End of 
Dec— 1952 2 


1953— Jan. 


213.4 


603.1 


816.5 


40.5 


47.6 


70.2 


1,266.2 


60.0 


2,300.9 


- 


64.4 


1,351.2 


803.0 


25.0 


13.4 


2.192.6 


_ 


43.8 


Jan.— 1953 


Feb. 


191.5 


668.0 


859.5 


88.6 


51.4 


77.4 


1,281.3 


31.8 


2,390.1 


- 


- 


72.1 


1,411.9 


817.5 


25.0 


14.2 


2,268.6 


- 


49.5 


Feb. 


Mar. 


232.3 


601.1 


833.4 


60.6 


66.5 


71.0 


1,261.1 


34.1 


2,326.7 


- 


- 


65.7 


1,371.0 


810.9 


25.0 


14.5 


2,221.3 


- 


39.8 


Mar. 


Apr. 


232.7 


646.7 


879.3 


48.3 


76.8 


73.4 


1,272.1 


37.2 


2,387.2 


- 


- 


68.1 


1,436.6 


796.0 


25.0 


15.0 


2,272.7 


- 


46.4 


Apr. 


May 


210.4 


594.9 


805.4 


45.6 


72.1 


64.8 


1,307.5 


50.1 


2,345.4 


- 


- 


59.4 


1,364.8 


821.4 


25.0 


15.5 


2,226".7 


- 


59.3 


May 


June 


239.0 


647.6 


886.7 


47.9 


82.6 


72.0 


1,290.0 


44.9 


2,424.2 


- 


- 


66.5 


1,405.5 


852.0 


25.0 


15.5 


2,298.1 


- 


59.5 


June 


July 


214.2 


646.6 


860.8 


43.8 


68.7 


80.9 


1,333.0 


65.4 


2,452.6 


- 


- 


75.0 


1,451.6 


838.5 


25.0 


15.7 


2,330.8 


- 


46.7 


July 


Aug. 


247.7 


617.8 


865.5 


66.4 


35.2 


73.3 


1,302.0 


53.1 


2,395.4 


- 


- 


67.5 


1,414.0 


830.9 


25.0 


15.8 


2,285.8 


- 


42.1 


Aug. 


Sept. 


262.0 


616.9 


878.9 


15.4 


37.8 


74.9 


1,290.5 


63.0 


2,360.5 


- 


- 


69.1 


1,385.7 


824.9 


25.0 


16.1 


2,251.7 


- 


39.8 


Sept. 


Oct. 


211.2 


733.6 


944.8 


3.8 


37.2 


76.0 


1,344.7 


64.8 


2,471.3 


- 


- 


70.7 


1,469.9 


812.1 


25.0 


36.4 


2,343.5 


- 


57.1 


Oct. 


Nov. 


256.2 


625.6 


881.8 


50.3 


43.4 


67.2 


1,303.1 


78.5 


2,424.3 


_ 


_ 


61.4 


1,378.6 


894.9 


25.0 


17.1 


2,315.5 


1.5 


45.9 


Nov. 


Dec. 2 


263.8 


623.9 


887.7 


51.5 


29.5 


63.8 


1,335.3 


69.3 


2,437.2 


- 


- 


55.1 


1,376.6 


893.7 


25.0 


23.4 


2,318.6 


- 


63.5 


Dec. 2 


1954— Jan. 


225.8 


634.4 


860.2 


48.8 


29.5 


71.3 


1,293.4 


70.3 


2,373.5 


- 


- 


61.7 


1,328.3 


880.6 


25.0 


23.4 


2,257.2 


10.0 


44.6 


Jan.— 1954 



1. Includes foreign exchange items for foreign clients and also the Government of Canada and, commencing March 31, 1949, the Exchange Fund Account. 2. Before the transfer of Bank of Canada' profits for the year ending December 31 from "AH Other Accounts" to "Government of Canada Deposits" 
minimum gold reserves requirement has been in suspense. 



Millions of Dollars 



CHARTERED BANKS 

Bank of Canada 



* Since May 1940 the 



Millions of Dollars 





LIABILITIES 












ASSETS 














Notes 


Deposits 


Cash 

in 

Canada 

3 




Securities 






Loans 


Total 
Assets 




Public 
Demand 


Notice 


Govt, of 

Canada 

and Prov. 


Canadian 

Deposits 

l 


Foreign 


Total 
Deposits 

2 


Govt, of 
Canada 


Prov- 
incial 


Foreign 
Govt. 


Other 


Total 


CANADA 


ABROAD 




Call 


Current 
Public 


Current 
Other 


Call 


Current 


As at Dec. 31 








































1926 


175 


609 


1,373 


31 


2,025 


334 


2,410 


228 


3C 


14 


180 


484 


151 


970 


85 


273 


270 


2,940 


1929 


175 


729 


1,434 


92 


2,270 


442 


2,820 


228 


25 


)7 


151 


448 


262 


1,403 


122 


245 


251 


3,521 


1933 


132 


502 


1,357 


61 


1,933 


322 


2,294 


196 


6, 


51 


210 


861 


106 


898 


138 


90 


138 


2,816 


1937 


102 


699 


1,583 


53 


2,387 


409 


2,819 


250 


1,1 


11 


59 


242 


1,411 


76 


749 


113 


60 


166 


3,281 


1947 


18 


2,296 


3,740 


376 


6,473 


824 


7,406 


720 


3,1 


16 


271 


487 


3,874 


105 


1,921 


78 


56 


234 


7,974 


1949 


14 


2,426 


4,433 


367 


7,348 


730 


8,177 


753 


3,112 


445 


242 


545 i 


4,345 


133 


2,174 


97 


70 


211 


8,718 


1950 




2,770 


4,558 


500 


7,997 


735 


8,867 


810 


3,079 


416 


193 


599 


4,286 


134 


2,651 


125 


100 


247 


9,496 


1951 


- 


2,963 


4,612 


322 


8,088 


795 


9,003 


892 


2,754 


355 


200 


567 


3,876 


107 


2,901 


127 


131 


278 


9,610 


1952 


- 


3,242 


4,924 


255 


8,623 


865 


9,570 


899 


2,784 


379 


255 


537 


3,955 


155 


3,188 


foi 


170 


264 


10,157 


1953 


— 


3,180 


5,034 


667 


9,122 


938 


10,140 


888 


2,760 


334 


236 


501 j 


3,831 


154 


3,790 


107 


272 


268 


10,722 


1952— Dec. 


- 


3,242 


4,924 


255 


8,623 


865 


9,570 


899 


2,784 


379 


255 


537 


3,955 


155 


3,188 


101 


170 


264 


10,157 


1953— Jan. 
Feb. 
Mar. 
Apr. 
May 
June 
July 
Aug. 
Sept. 
Oct. 
Nov. 
Dec. 


- 


2,974 


4,945 


270 


8,357 


845 


9,275 


817 


2,863 


330 


266 


522 


3,981 
4,042 
4,082 
4,135 
4,024 
3,956 
3,872 
3,886 
3,918 
3 789 


135 


3,178 


115 


158 


266 


9,872 


~ 


2,949 


5,008 


352 


8,471 


876 


9,437 


860 


2,940 


322 


250 


529 


141 


3,181 


120 


186 


265 


10,034 


~ 


2,936 


5,067 


455 


8,618 


886 


9,586 


833 


3,024 


308 


236 


514 


140 


3,262 


132 


147 


274 


10,182 


" 


3,115 


5,107 


419 


8,827 


915 


9,815 


879 


3,038 


309 


248 


540 


152 


3,372 


136 


178 


270 


10,416 


- 


3,040 


5,100 


346 


8,681 


908 


9,656 


805 


2,915 


320 


252 


537 


138 


3,402 


124 


168 


273 


10,242 


- 


3,143 


5,126 


365 


8,852 


904 


9,822 


887 


2,854 


310 


254 


537 


123 


3,469 


107 


179 


270 


10,398 


~ 


3,049 


5,152 


295 


8,694 


886 


9,640 


861 


2,787 


297 


257 


532 


' 125 


3,543 


106 


177 


254 


10,210 


— 


3,139 


5,206 


306 


8,815 


872 


9,755 


865 


2,813 


299 


243 


531 


135 


3,621 


111 


195 


251 


10,318 


_ 


3,150 


5,226 


316 


8,884 


879 


9,834 


879 


2,843 


301 


251 


522 


110 


3,648 


124 


173 


251 


10,398 


~ 


3,152 


5,148 


444 


8,952 


883 


9,919 


945 


2,726 


319 


228 


517 


144 


3,718 


120 


208 


259 


10,506 


— 


3,150 


5,068 


701 


9,142 


900 


10,130 


882 


2,730 


329 


223 


506 


3,789 
3,831 


152 


3,856 


120 


254 


260 


10,720 




3,180 


5,034 


667 


9,122 


938 


10,140 


888 


2,760 


334 


236 


501 


154 


3,790 


107 


272 


268 


10,722 


1954— Jan. 


~ 


2,957 


5,093 


722 


8,968 


952 


10,004 


860 


2,853 


312 


276 


504 i 


3,944 


143 


3,814 


115 


245 


275 


10,604 



DAILY AVERAGE DATA 




Cash 


Canadian 


Percent 
of Cash to 


Total 

Active 

Note 

Circulation 

S 




Canada 

3 


Deposits 

4 


Canadian 
Deposits 












Aver, of Daily Figures 


192 


1,958 


9.8 


195 


1920 


191 


2,293 


8.3 


205 


1929 


189 


1,941 


9.8 


157 


1933 


240 


2,357 


10.2 


200 


1937 


670 


6,209 


10.8 


1,013 


1947 


746 


7,178 


10.4 


1,087 


1949 


755 


7,487 


10.1 


1,085 


1950 


791 


7,759 


10.2 


1,132 


1951 


845 


8,110 


10.4 


1,207 


1952 


883 


8,624 


10.2 


1,275 


1953 


840 


8,314 


10.1 


1,282 


Dec— 1952 


906 


8,426 


10.8 


1,230 


Jan.— 1953 


889 


8,296 


10.7 


1,232 


Feb. 


883 


8,407 


10.5 


1,245 


Mar. 


869 


8,618 


10.1 


1,257 


Apr. 


880 


8,699 


10.1 


1,269 


May 


865 


8,529 


10.1 


1,268 


June 


875 


8,085 


10.1 


1,286 


July 


874 


8,669 


10.1 


1,295 


Aug. 


878 


8,651 


10.1 


1,294 


Sept. 


889 


8,787 


10.1 


1,304 


Oct. 


892 


8,935 


10.0 


1,299 


Nov. 


896 


8,787 


10.2 


1,318 


Dec. 


917 


8,871 


10.3 


1,264 


Jan.— 1954 



end Canadian deposits in 1926-35 and monthly average deposits i> 
January 1950; liability for outstanding notes issued for circulation 



10™ Jj C 'f,. deS int «- b ?," k deposits. 3. Until March 1935, Gold and Coin in Canada, Domini on Notes and "Free" Central Gold Reserve Deposits; after that date. Bank of Canada Notes and Deposits 4 

n r 6 S d j , J?". B i nk , cf Canada notes in public circulation and until January 1950 chartered bank note circulation, the latter being, after September 1944, an approbate figure only. 6. Notes issued for 
n Canada transferred to Bank of Canada during January 1950. 



Figures given are averages of estimated month- 
circulation outside Canada only commencing in 



21 



Millions of Dollars 



FEBRUARY 1954 FEBRUARY 1954 

GENERAL PUBLIC HOLDINGS OF CERTAIN LIQUID ASSETS* 
A — Currency, Bank Deposits and Government of Canada Securities 

Bank of Canada 



22 



Millions of Dollars 













1 


. CANADIAN DOLLAR CURRENCY AND BANK DEPOSITS HE 


LD BY THE GENERAL PUBLIC 


AND RELATED BANK ASSETS 






















Currency and Active Bank Deposits 








Inactive 

Chartered 

Bank 

Notice 

Deposits 


Total 

Currency 

and 

Bank 

Deposits 

Total 
Related 


Related Bank Assets 






Currency 
Outside Banks 


Active Bank Deposits i 


Total 

Currency' 

and 

Active 


Government of Canada debt 

held by Bank of Canada 

and Chartered Banks 


Other Related Bank Assets 3 






Chartered Banks 


Bank of 
Canada 
"Other" 


Total 


Chartered Bank Can. Loans 
and non-Govt. Securities 


Bk. of Can. 
Gold and 
Exchange 


Less: 

All 

Other 


Total 












Public 




Other 


Total 


Less: 


Net 








Less: Govt. 


Net 
Total 


Canadian 


Non-Govt. 








Notes 


Coin 


Total 


Demand 


Notice 


Govt, of 
Canada 


Float 


Total 


Deposits 




Deposits' 


2 


Bank 

Assets 


Total 


Deposits 

4 


Loans 
5 


Securities 
6 


Total 


holdings 
(net) 


(net) 
7 






as at Dec. 31 
1950 


1,136 


78 


1,214 


2,770 


697 


413 


3,880 


450 


3,430 


207 


3,637 


4,851 


3,861 


8,712 


5,021 


280 


4,741 


2,910 


1,015 


3,925 


226 


180 


3,971 


as at Dec. 31 
1950 


1951 


1,191 


84 


1,275 


2,963 


717 


449 


4,129 


627 


3,502 


66 


3,568 


4,843 


3,894 


8,737 


4,945 


160 


4,785 


3,136 


922 


4,057 


49 


154 


3,952 


1951 


1952 


1,289 


88 


1,377 


3,242 


796 


453 


4,491 


740 


3,751 


45 


3,796 


5,173 


4,129 


9,302 


5,011 


19 


4,992 


3,444 


916 


4,360 


2 


52 


4,310 


1952 


1953. 


1,335 


94 


1,429 


3,180 


823 


434 


4,437 


762 


3,675 


30 


3,705 


5,134 


4,211 


9,345 


5,030 


526 


4,504 


4,051 


835 


4,886 


3 


48 


4,841 


1953 


1952— Dec. 


1,289 


88 


1,377 


3,242 


796 


453 


4,491 


740 


3,751 


45 


3,796 


5,173 


4,129 


9,302 


5,011 


19 


4,992 


3,444 


916 


4,360 


2 


52 


4,310 


Dec-1952 


1953— Jan. 


1,266 


87 


1,353 


2,974 


805 


371 


4,150 


540 


3,610 


48 


3,658 


5,011 


4,139 


9,150 


5,017 


108 


4,909 


3,428 


852 


4,280 


2 


40 


4,242 


Jan.-1953 


Feb. 


1,281 


88 


1,369 


2,949 


816 


363 


4,128 


547 


3,581 


51 


3,632 


5,001 


4,192 


9,193 


5,169 


239 


4,930 


3,442 


851 


4,293 


2 


32 


4,263 


Feb. 


Mar. 


1,261 


88 


1,349 


2,936 


824 


450 


4,210 


585 


3,625 


67 


3,692 


5,041 


4,242 


9,283 


5,205 


225 


4,980 


3,534 


822 


4,356 


2 


55 


4,303 


Mar. 


Apr. 


1,272 


89 


1,361 


3,115 


831 


415 


4,361 


571 


3,790 


77 


3,867 


5,228 


4,276 


9,504 


5,271 


238 


5,033 


3,660 


849 


4,509 


2 


40 


4,471 


Apr. 


May 


1,307 


91 


1,398 


3,040 


832 


403 


4,275 


609 


3,666 


72 


3,738 


5,136 1 


4,268 


9,404 


5,101 


184 


4,917 


3,664 


857 


4,521 


2 


36 


4,487 


May 


June 


1,290 


88 


1,378 


3,143 


835 


497 


4,475 


722 


3,753 


83 


3,836 


5,214 


4,291 


9,505 


5,112 


134 


4,978 


3,699 


848 


4,547 


2 


22 


4,527 


June 


July 


1,333 


92 


1,425 


3,049 


839 


383 


4,271 


610 


3,661 


69 


3,730 


5,155 


4,313 


9,468 


5,077 


154 


4,923 


3,773 


828 


4,601 


2 


58 


4,545 


July 


Aug. 


1,302 


92 


1,394 


3,139 


851 


323 


4,313 


585 


3,728 


35 


3,763 


5,157 


4,355 


9,512 


5,058 


213 


4,845 


3,867 


829 


4,696 


2 


31 


4,667 


Aug. 


Sept. 


1,291 


92 


1,383 


3,150 


855 


432 


4,437 


622 


3,815 


38 


3,853 


5,236 


4,371 


9,607 


5,053 


92 


4,961 


3,882 


824 


4,706 


2 


62 


4,646 


Sept. 


Oct. 


1,345 


94 


1,439 


3,152 


844 


387 


4,383 


662 


3,721 


37 


3,758 


5,197 


4,304 


9,501 


5,008 


269 


4,739 


3,982 


835 


4,817 


22 


77 


4,762 


Oct. 


Nov. 


1,303 


94 


1,397 


3,150 


829 


362 


4,341 


757 


3,584 


43 


3,627 


5,024 


4,239 


9,263 


5,004 


613 


4,391 


4,129 


836 


4,965 


2 


95 


4,872 


Nov. 


Dec. 


1,335 


94 


1,429 


3,180 


823 


434 


4,437 


762 


3,675 


30 


3,705 


5,134 


4,211 


9,345 


5,030 


526 


4,504 


4,051 


835 


4,886 


3 


48 


4,841 


Dec. 


1954— Jan. 


1,293 


93 


1,386 


2,957 


832 


409 


4,198 


579 


3,619 


29 


3,648 


5,034 


4,261 


9,295 


5,061 


558 


4,503 


4,072 


815 


4,887 


2 


97 


4,792 


Jan.-1954 



2. GOVERNMENT OF CANADA SECURITIES 



as at Dec. 31 
1950 
1951 
1952 
1953 
End of 
1952— Dec. 

1953— Jan. 
Feb. 
Mar. 
Apr. 
May 
June 
July 
Aug. 
Sept. 
Oct. 
Nov. 
Dec. 

1954— Jan. 



Outstanding » 



Direct Funded Debt 



Unmatured 



Special 
Banking 
Issues 9 



1,500 
1,400 
1,400 
1,400 

1,400 

1,375 
1,500 
1,550 
1,600 
1,400 
1,400 
1,400 
1,400 
1,400 
1,400 
1,400 
1,400 

1,400 



Other 

Market 
Issues 



12,586 
12,225 
12,020 
12,090 

12,020 

12,080 
12,080 
12,055 
12,055 
12,055 
12,055 
12,065 
12,075 
12,077 
12,092 
12,090 
12,090 

12,090 



Non- 
market 
Debt 10 



1,218 
1,194 
1,250 
1,631 

1,250 

1,237 
1,225 
1,206 
1,190 
1,163 
1,143 
1,126 
1,109 
1,091 
1,167 
1,632 
1,631 

1,605 



Total 



15,304 
14,819 
14,670 
15,121 

14,670 

14,692 
14,805 
14,811 
14,845 
14,618 
14,598 
14,591 
14,584 
14,568 
14,658 
15,122 
15,121 

15,095 



Matured 

and 

out- 
standing 



51 
21 
19 
19 

19 

19 
18 
20 
19 
17 
17 
17 
18 
18 
19 
19 
19 



•fc The term Genera] Public refers to holdings of non-residents as well as 
residents; for an approximate division between resident and non-resident 
holdings on a quarterly basis and of resident holdings between corporate 
and non-corporate holdings as at year ends see pages 23-24. 

1. Total Canadian dollar deposits of the chartered banks and the Bank of 
Canada less; (a) Inactive chartered bank notice deposits which consist of 
the estimated aggregate minimum quarterly balances in chartered banks' 
personal savings deposits in Canada plus non-personal notice deposits in 
Canada; (b) Float, i.e. cheques on other banks as shown in chartered bank 



Total 



15,355 
14,840 
14,689 

15,140 

14,689 

14,710 
14,824 
14,831 
14,864 
14,635 
14,615 
14,608 
14,602 
14,586 
14,677 
15,141 
15,140 

15,114 



Guar- 
anteed 

Un- 
matured 
Funded 
Debt 



Exchange 
rate ad- 
justment 

11 



577 
529 
528 

527 

528 

528 
528 
528 
528 
528 
528 
527 
527 
527 
527 
527 
527 

527 



Total 

(including 
exchange 
rate adjust- 
ment) 



+2 
-27 
-43 
-39 

-43 

-43 
-38 
-38 
-36 
-34 
-33 
-35 
-35 
-38 
-37 
-38 
-39 

-40 



15,934 
15,342 
15,174 
15,628 

15,174 

15,195 
15,314 
15,321 
15,356 
15,129 
15,110 
15,099 
15,093 
15,075 
15,166 
15,630 
15,628 

15,601 



DISTRIB UTION 12 



Bank 

of 
Canada 



1,942 
2,191 
2,227 

2,270 

2,227 

2,154 
2,229 
2,182 
2,233 
2,186 
2,258 
2,290 
2,245 
2,211 
2,282 
2,273 
2,270 

2,209 



Chartered 
Banks 



Govern- 
ment 
Accounts 



3,079 
2,754 
2,784 
2,760 

2,784 

2,863 
2,940 
3,024 
3,038 
2,915 
2,854 
2,787 
2,813 
2,843 
2,726 
2,730 
2,760 

2,853 



month-end returns to the Minister of Finance; (c) Canadian dollar deposits 
of the Government of Canada at the chartered banks and the Bank of 
Canada (shown in "Related Bank Assets" section); (d) Canadian dollar 
deposits of the chartered banks at the Bank of Canada. 

2. See footnote 1 (a). 

3. Net assets of the chartered banks and Bank of Canada other than Govern- 
ment of Canada Securities. 

4. See footnote 1 (c). 

5. For estimated quarterly classification of Canadian loans see page 7. 

6. Provincial, Municipal and "Other" securities. 



847 
1,009 
1,101 
1,314 

1,101 

1,101 

1,096 

1,093 

1,090 

l,183l« 

1,207 

1,220 

1,236 

1,251 

1,262 

1,271 

1,314 

1,304' 



General 
Public 



10,066 
9,388 
9,062 
9,284 

9,062 

9,077 
9,049 
9,022 
8,995 
8,845 
8,791 
8,802 
8,799 
8,770 
8,896 
9,356 
9,284 

9,235 



3 


TOTAL OF CERTAIN LIQUID ASSETS HELD BY THE GENERAL PUBLIC, 






AND RELATED FACTORS 








Liquid Assets 


Total 
Liquid 


Related Factors 

15 




















Inactive 


Govt, of Canada 


Assets 


Assets 

other than 

Govt, of 

Canada 

Securities 

14 


Govt, of 




Currency 

and 

Active 

Bank 

Deposits 


Char- 
tered 
Bank 
Notice 
Deposits 


Securities 




Total 
Related 
Factors 


Can. Debt 
less Govt. 
Deposits & 
holdings of 
Govt.Accts 




Market 

Issues 

13 


Non- 
market 
10 


Total 




4,851 


3,861 


8,848 


1,218 


10,066 


18,778 


3,971 


14,807 


as at Dec. 31 
1950 


4,843 


3,894 


8,194 


1,194 


9,388 


18,125 


3,952 


14,173 


1951 


5,173 


4,129 


7,812 


1,250 


9,062 


18,364 


4,310 


14,054 


1952 


5,134 


4,211 


7,653 


.1,631 


9,284 


18,629 


4,841 


13,788 


1953 


5,173 


4,129 


7,812 


1,250 


9,062 


18,364 


4,310 


14,054 


Dec-1952 


5,011 


4,139 


7,840 


1,237 


9,077 


18,227 


4,242 


13,985 


Jan.-1953 


5,001 


4,192 


7,824 


1,225 


9,049 


18,242 


4,263 


13,979 


Feb. 


5;041 


4,242 


7,816 


1,206 


9,022 


18,305 


4,303 


14,002 


Mar. 


5,228 


4,276 


7,805 


1,190 


8,995 


18,499 


4,471 


14,028 


Apr. 


5,136 


4,268 


7,682 


1,163 


8,845 


18,249 


4,487 


13,762 


May 


5,214 


4,291 


7,648 


1,143 


8,791 


18,296 


4,527 


13,769 


June 


5,155 


4,313 


7,676 


1,126 


8,802 


18,270 


4,545 


13,725 


July 


5,157 


4,355 


7,690 


1,109 


8,799 


18,311 


4,667 


13,644 


Aug. 


5,236 


4,371 


7,679 


1,091 


8,770 


18,377 


4,646 


13,732 


Sept. 


5,197 


4,304 


7,729 


1,167 


8,896 


18,397 


4,762 


13,635 


Oct. 


5,024 


4,239 


7,724 


1,632 


9,356 


18,619 


4,872 


13,747 


Nov. 


5,134 


4,211 


7,653 


1,631 


9,284 


18,629 


4,841 


13,788 


Dec. 


5,034 


4,261 


7,630 


1,605 


9,235 


18,530 


4,792 


13,738 


Jan.-1954 



7 Net of all related asset and liability items of the chartered banks and Bank 
of Canada which are not shown elsewhere in this table; includes foreign 
currency items and liabilities to shareholders. 

8. Net of sinking fund holdings (except as noted in footnote 16}. 

9. Treasury Bills; Deposit Certificates and short-term notes issued directly 
to the Bank of Canada and chartered banks. 

10. Refundable Tax, War Savings Certificates and Canada Savings Bonds. 

11. Adjustment necessary to change value of foreign pay securities from ±,1 == 
4.86f U.S. =4.86? Cdn. to current rates of exchange. Official mid-rates ot 
exchange have been used to September 30. 19S0 and market rates thereafter. 

12. For detailed breakdown of distribution of Government of Canada debt as 
at year-ends see November 1953 Statistical Summary, pages 187-188. 



. .,. Including any special banking isi ___ 

14. As shown in "Other Related Bank Assets", Section 1 above. 

15. The whole of the increase or decrease in Canada's foreign exchange 
reserves is embodied in the related factors. To the extent that such 
changes do not appear in Section 1, "Related Bank Assets", under the 
heading "Bank of Canada Gold and Exchange holdings (net)" they 
affect changes in Government of Canada Securities outstanding. 

16. Including S75 millions of bonds purchased in the New York market 
during May 1953 which are held in a sinking fund account. 

r>j te: — Statistics for earlier years and further information with respect to 

details of compilation are available from the Research Department, 

Bank of Canada, on request. 



i 



23 



FEBRUARY 1954 



FEBRUARY 1954 



24 



GENERAL PUBLIC HOLDINGS OF CERTAIN LIQUID ASSETS ' 

B — Approximate Division Between Non-Resident, Reside nt Corporate 2 and Resident Non-Corporate 3 Holdings 

Bank of Canada 





Total Currency and Active Bank Deposits 


Inactive Chartered Bank Notice Deposits 




Government of Canada Securities 


Total 


■""" "J """■""> 




Non- 
resident 


Resident 


Total 


Non- 
resident 


Resident 


Total 


Non- 
resident 




Resident 


Total 


Non- 
resident 


Resident 


Total 






Corporate 


Non- 
corporate 


Total 


Corporate 


Non- 
corporate 


Total 




Corporate 


Non-corporate 


Total 


Corporate 


Non- 
corporate 


Total 






Market 
Issues 


Non- 
market 


Total 


Market 
Issues 


Non- 
market 


Total 




as at Dec. 31 


























s 
























as at Dec. 31 


1938 


89 


383 


659 


1,042 


1,131 


120 


168 


1,184 


1,352 


1,472 


1,411 


847 




847 


970 


- 


970 


1,817 


3,228 


1,620 


1,398 


2,813 


4,211 


5,831 


1938 


1939 


159 


463 


748 


1,211 


1,370 


109 


175 


1,260 


1,435 


1,544 


1,398 


919 


- 


919 


962 


- 


962 


1,881 


3,279 


1,666 


1,557 


2,970 


4,527 


6,193 


1939 


1940 


83 


599 


881 


1,480 


1,563 


88 


178 


1,172 


1,350 


1,438 


1,276 


1,161 


- 


1,161 


1,207 


26 


1,233 


2,394 


3,670 


1,447 


1,938 


3,286 


5,224 


6,671 


1940 


1944 


122 


1,200 


1,831 


3,031 


3,153 


121 


233 


1,706 


1,939 


2,060 


1,035 


3,397 


• 60 


3,457 


4,239 


400 


4,639 


8,096 


9,131 


1,278 


4,890 


8,176 


13,066 


14,344 


1944 


1945 


149 


1,257 


2,108 


3,365 


3,514 


136 


211 


2,044 


2,255 


2,391 


1,144 


3,863 


184 


4,047 


5,611 


508 


6,119 


10,166 


11,310 


1,429 


5,515 


10,271 


15,786 


17,215 


1945 


1946 


249 


1,415 


2,332 


3,747 


3,996 


147 


269 


2,440 


2,709 


2,856 


1,091 


3,865 


252 


4,117 


5,017 


985 


6,002 


10,119 


11,210 


1,487 


5,801 


10,774 


16,575 


18,062 


1946 


1947 


221 


1,346 


2,377 


3,723 


3,944 


141 


267 


2,735 


3,002 


3,143 


1,053 


3,576 


258 


3,834 


4,694 


1,182 


5,876 


9,710 


10,763 


1,415 


5,447 


10,988 


16,435 


17,850 


1947 


1948 


221 


1,582 


2,532 


4,114 


4,335 


124 


288 


2,996 


3,284 


3,408 


1,158 


3,307 


234 


3,541 


4,374 


1,176 


5,550 


9,091 


10,249 


1,503 


5,411 


11,078 


16,489 


17,992 


1948 


1949 


255 


1,608 


2,559 


4,167 


4,422 


123 


331 


3,297 


3,628 


3,751 


1,240 


3,233 


170 


3,403 


4,201 


1,058 


5,259 


8,662 


9,902 


1,618 


5,342 


11,115 


16,457 


18,075 


1949 


1950 


421 


1,797 


2,633 


4,430 


4,851 


147 


361 


3,353 


3,714 


3,861 


1,366 


3,300 


114 


3,414 


4,182 


1,104 


5,286 


8,700 


10,066 


1,934 


5,572 


11,272 


16,844 


18,778 


1950 


1951 


235 


1,877 


2,731 


4,608 


4,843 


141 


296 


3,457 


3,753 


3,894 


1,168 


3,133 


24 


3,157 


3,894 


1,169 


5,063 


8,220 


9,388 


1,544 


5,330 


11,251 


16,581 


18,125 


1951 


1952" 


196 


2,004 


2,973 


4,977 


5,173 


112 


309 


3,708 


4,017 


4,129 


965 


2,881 


- 


2,881 


3,966 


1,250 


5,216 


8,097 


9,062 


1,273 


5,194 


11,897 


17,091 


18,364 


1952** 


1953** 


197 


1,920 


3,017 


4,937 


5,134 


111 


262 


3,838 


4,100 


4,211 


842 


* 


- 






1,631 




8,442 


9,284 


1,150 


* 


* 


17,479 


18,629 


1953** 


Month-end 


















































Month-end 


1952— Mar. 


233 


* 


* 


4,568 


4,801 


143 


* 


* 


3,835 


3,978 


1,126 


* 


19 


* 


* 


1,121 


* 


8,094 


9,220 


1,502 


* 


* 


16,497 


17,999 


Mar— 1952 


June 


235 


* 


* 


4,635 


4,870 


134 






3,885 


4,019 


1,082 




- 


* 




1,061 




8,008 


9,090 


1,451 


* 


* 


16,528 


17,979 


June 


Sept. 


254 


* 


* 


4,761 


5,015 


119 






3,995 


4,114 


1,017 


* 


— 


* 


* 


1,011 


* 


7,931 


8,948 


1,390 


* 


* 


16,687 


18,077 


Sept. 


Dec.** 


196 


2,004 


2,973 


4,977 


5,173 


112 


309 


3,708 


4,017 


4,129 


965 


2,881 


- 


2,881 


3,966 


1,250 


5,216 


8,097 


9,062 


1,273 


5,194 


11,897 


17,091 


18,364 


Dec.** 


1953— Mar. 


241 


* 


* 


4,800 


5,041 


113 


* 


* 


4,129 


4,242 


966 


* 


_ 


» 


* 


1,206 


* 


8,056 


9,022 


1,320 


» 


• 


16,985 


18,305 


Mar— 1953 


June 


263J 


* 


* 


4,951f 


5,214 


113 


* 


* 


4,178 


4,291 


851 f 


* 


- 


* 


* 


1,143 


* 


7,940t 


8,791 


l,227f 


* 


* 


17, 069 J 


18,296 


June 


Sept. 


218J 


* 


* 


5,018| 


5,236 


104 


* 


* 


4,267 


4,371 


839t 


* 


- 


* 


* 


1,091 


* 


7,931f 


8,770 


l,161t 


* 


* 


17,216f 


18,377 


Sept. 


Dec.** 


197 


1,920 


3,017 


4,937 


5,134 


111 


262 


3,838 


4,100 


4,211 


842 


* 


1 " 
i 


* 


* 


1)631 




8,442 


9,284 


1,150 


* 


* 


17,479 


18,629 


Dec.** 



See footnotes to table on pages 21-22. 

Resident corporate includes provincial and municipal governments and all 
resident financial and non-financial corporations other than chartered 
banks, Bank of Canada and Government accounts. See item 4 (b) in 



table on pages 187-188 in November 1953 Statistical Summary for a 
detailed list of these components. 

Resident non-corporate corresponds in concept to the personal sector of 
the National Accounts, i.e. it includes individuals, farmers, unincorporated 



business, private pension funds and eleemosynary institutions. In the 
case of Government of Canada market issues held by this sector, holdings 
are estimated on a residual basis (see table on pages 187-188 in November 
1953 Statistical Summary) and include all residual errors. 



** Preliminary. t Revised. * Not available. 

Note: Further information with respect to methods and sources is available 
from the Research Department, Bank of Canada, on request. 



CHARTERED BANKS: CURRENT LOANS TO THE PUBLIC IN CANADA 

MILLIONS OF DOLLARS MILLIONS OF DOLLARS 



4500 



4000 



3500 



3000 



2500 




MONTH-END FIGURES 




4500 



4000 



3500 



3000 



2500 



GOVERNMENT BOND YIELDS AND TREASURY BILL RATES 

Bank of Canada 





Government of Canada 






Theoreticals i 






15th of Each Month 




15 Yr. 


9Yr. 


5Yr. 


2Yr. 




Bond 


Bond 


Bond 


Bond 


Annual Average 










1947 


2.57 


2.25 


1.75 


1.43 


1948 


2.93 


2.72 


2.27 


1.44 


1949 


2.83 


2.64 


2.24 


1.66 


1950 


2.78 


2.67 


2.22 


1.81 


1951 


3.24 


3.18 


2.69 


2.37 


1952 


3.59 


3.58 


3.22 


2.69 


1953 


3.68 


3.67 


3.56 


3.26 












1953— Jan. 


3.63 


3.66 


3.50 


3.07 


Feb. 


3.65 


3.62 


3.44 


3.08 


Mar. 


3.65 


3.56 


3.43 


3.11 


Apr. 


3.66 


3.56 


3.43 


3.14 


May 


3.69 


3.62 


3.48 


3.21 


June 


3.72 


3.72 


3.54 


3.28 


July 


3.72 


3.71 


3.57 


3.28 


Aug. 


3.73 


3.72 


3.64 


3.36 


Sept. 


.3.75 


3.77 


3.65 


3.41 


Oct. 


3.72 


3.75 


3.66 


3.48 


Nov. 


3.67 


3.74 


3.71 


3.44 


Dec. 


3.61 


3.64 


3.61 


3.20 


1954— Jan. 


3.55 


3.57 


3.55 


3.03 


Feb. 


3.44 


3.32 


3.31 


2.70 



Long Term 




Market Yields 


Average of Business Days 


Canada 


U.K. 


U.S.A. 


2 


3 


4 


2.59 


2.61 


2.20 


2.93 


2.82 


2.41 


2.85 


2.93 


2.24 


2.77 


3.19 


2.24 


3.21 


3.49 


2.58 


3.54 


4.23 


2.64 


3.66 


3.86 


2.88 


3.59 


4.16 


2.74 


3.60 


4.09 


2.77 


3.60 


3.97 


2.85 


3.62 


3.87 


2.90 


3.64 


3.83 


3.05 


3.70 


3.85 


3.11 


3.72 


3.89 


2.98 


3.73 


3.83 


2.96 


3.73 


3.74 


2.93 


3.70 


3.68 


2.75 


3.65 


3.68 


2.77 


3.61 


3.70 


2.71 


3.53 


3.63 


2.61 


3.43 


3.62 


2.53 



Tender Rates on 3 Month 


Treasury Bills 


Tender nearest 15th of Month 


Canada 


U.K. 


U.S.A. 


.406 


.507 


.592 


.411 


.509 


1.037 


.485 


.521 


1.096 


.552 


.516 


1.215 


.796 


.583 


1.555 


1.076 


2.167 


1.795 


1.688 


2.284 


2.006 


1.349 


2.398 


2.124 


1.473 


2.432 


1.993 


1.503 


2.232 


2.098 


1.528 


2.415 


2.219 


1.530 


2.383 


2.271 


1.699 


2.368 


2.229 


1.759 


2.365 


2.106 


1.795 


2.368 


2.116 


1.911 


2.150 


1.957 


1.929 


2.098 


1.438 


1.904 


2.097 


1.482 


1.877 


2.103 


1.682 


1.883 


2.132 


1.336 


1.741 


2.067 


1.024 



Payable in Canada only. 2. Government of Canada 3% due 1 Sept.. 1961-66. 3. United Kingdom 3% due 15 Apr., 1959-69. 
U.S. Treasury 2H% due 15 Dec., 1963-68. It was not eligible for commercial banks before Dec. I. 1952. 



25 



Cents per Unit 



FOREIGN EXCHANGE RATES 1 

Bank of Canada 



Business 
Days 



1948 
1949 
1950 
1951 
1952 
1953 

1953-Jan. 
Feb. 
Mar. 
Apr. 
May 
June 
July 
Aug. 
Sept. 
Oct. 
Nov. 
Dec. 

1954-Jan. 
Feb. 



U.S. Dollar in Canada 



High 



100.25 
110.25 
110.25 
107.31 
101.13 
99.78 

97.38 
98.44 
98.63 
98.63 
99.78 
99.63 
99.44 
99.00 
98.88 
98.66 
98.03 
97.63 

97.56 
97.13 



Low 



100.25 
100.25 
103.25 
101.19 
95.88 
96.75 

96.75 
97.00 
97.75 
98.00 
98.66 
99.16 
98.94 
98.69 
97.78 
97.75 
97.38 
97.00 

97.03 
96.34 



NoonAverage 

of business 

days 



100.25 
103.08 
108.92 
105.28 
97.89 
98.34 

97.05 
97.73 
98.33 
98.37 
99.41 
99.44 
99.18 
98.83 
98.43 
98.25 
97.77 
97.31 

97.29 
96.65 



£ Sterling in Canada 



High 



403.00 
403.00 
308.00 
300.50 
281.25 
280.94 

273.56 
277.50 
277.63 
277.94 
280.94 
280.38 
279.88 
278.81 
277.69 
276.75 
275.56 
274.44 

274.38 
273.13 



Low 



403.00 
308.00 
289.25 
281.38 
266.75 
272.38 

272.38 
273.44 
275.31 
275.69 
278.06 
278.88 
278.56 
277.50 
274.00 
273.88 
273.88 
272.63 

272.88 
271.13 



NoonAverage 

of business 

days 



403.00 
376.13 
304.44 
294.68 
273.40 
276.66 

273.05 
275.55 
276.92 
277.13 
279.80 
279.82 
279.29 
278.25 
275.94 
275.76 
274.89 
273.52 

273.56 
271.93 



1. Prior to October 2, 1950, there were official buying and selling rates for the U.S. Dollar and 
Sterling in Canada. The rates used in the table before this date are the mid-rates between official 
buying and selling rates, or the averages thereof. Accordingly the "High" differs from the "Low" only 
in the years when the official rates were changed. Effective October 2, 1950, official rates were discon- 
tinued and rates thereafter are noon rates as reported on transactions between banks in the exchange 
market. Commencing with 1950, averages are based on five-day week quotations. 



FEBRUARY 1954 

OFFICIAL HOLDINGS OF 
GOLD AND U.S. DOLLARS 1 

$ mm. U.S. Dept. of Finance 



End 




US 




of 
period 


Gold 


Dollars 


Total 


1948 


403.1 


596.5 


997.8 


1949 


48C.4 


630.7 


1,117.1 2 


1950 


580.0 


1,161.5 


1,741.5 


1951 


841.7 


936.9 


1,778.6 


1952 


885.0 


975.2 


1,860.2 


1953 


986.1 


832.4 


1,818.5 


1953-Jan. 


888.5 


978.3 


1,866.8 


Feb. 


892.9 


944.2 


1,837.1 


Mar. 


905.8 


939.5 


1,845.3 


Apr. 


913.7 


930.0 


1,843.7 


May 


923.0 


838.2 


1,761.2 


June 


934.7 


815.4 


1,750.1 


July 


942.2 


813.5 


1,755.7 


Aug. 


951.0 


813.4 


1,764.4 


Sept. 


959.8 


827.5 


1,787.3 


Oct. 


968.3 


816.2 


1,784.5 


Nov. 


976.4 


830.3 


1,806.7 


Dec. 


986.1 


832.4 


1,818.5 


1954-Jan. 


997.5 


836.6 


1,834.1 


Feb. 


1,007.8 


845.7 


1,853.5 



Gold and U.S. dollars held by the Exchange Fund 
Account and Bank of Canada and U.S. dollars held by 
other Govt, of Canada Accounts. 

Exclusive of $18.2 mm. set aside out of the proceeds of 
a refunding issue for the purpose of retiring on Feb. 1, 
1950, a security issue guaranteed by the Govt, of 
Canada and payable in U.S. dollars. 



UNITED STATES DOLLAR IN CANADIAN FUNDS 



CANADIAN DOLLARS 



CANADIAN DOLLARS 




LU95 



1950 



1951 



1952 



1953 



j v / /i LVYT r\ aj \ i \ ^ k \y^x n \s ~i r x. s~ A \ h*-rw ~\\ \\ \ y M. 



FEBRUARY 1954 



26 



PRICE INDEXES 

"Prices and Price Indexes", Dominion Bureau of Statistics 
WHOLESALE PRICES CONSUMER PRICES 2 

Index 1935-39 = 100 Index 1949 = 100 





Total 
Index 

(Mid- 
Month) 


Raw and 
Partly 
Manu- 


Fully & 
Chiefly 
Manu- 


FARM PRODUCTS l 


Total 
Index 

(1st of 
Month) 


Food 


Shelter 


Clothing 


Household 
Operation 


Other 
Com- 
modities 
& Services 




Fieldt 


Animal 


Totalt 








100 


32 


IS 


11 


17 


25 


Average of Months 


























1929 


124.6 


126.1 


123.7 


137.2 


144.4 


140.8 


75.8 


* 


* 


* 


* 


* 


1933 


87.4 


79.3 


93.3 


69.3 


69.2 


69.3 


58.8 


* 


* 


* 


* 


* 


1937 


107.7 


113.7 


104.4 


128.9 


106.0 


117.4 


63.0 


* 


* 


* 


* 


* 


1946 


138.9 


140.1 


138.0 


177.9 


181.2 


179.5 


77.5 


* 


* 


* 


* 


* 


1950 


211.2 


212.8 


211.0 


191.9 


281.4 


236.7 


102.9 


102.6 


106.2 


99.7 


102.4 


103.1 


1951 


240.2 


237.9 


242.4 


200.4 


336.9 


268.6 


113.7 


117.0 


114.4 


109.8 


113.1 


111.5 


1952 


226.0 


218.7 


230.7 


220. 5f 


277.5 


249. Of 


116.5 


116.8 


120.2 


111.8 


116.2 


116.0 


1953 


220.8 


206.9 


229.1 


171.6| 


263.8 


217.7f 


115.5 


112.6 


123.6 


110.1 


117.0 


115.8 


Monthly 


























1952— Dec. 


221.1 


210.0 


227.8 


197.9 


268.3 


233.1 


115.8 


114.1 


122.2 


109.7 


116.1 


116.6 


1953— Jan. 


221.5 


209.4 


229.0 


195.1 


266.4 


230.7 


115.7 


113.5 


122.3 


109.7 


116.5 


116.7 


Feb. 


220.9 


207.9 


228.8 


190.7 


263.1 


226.9 


115.5 


112.7 


122.5 


109.6 


116.6 


116.7 


Mar. 


221.9 


209.8 


229.2 


185.9 


264.3 


225.1 


114.8 


111.6 


122.5 


109.7 


116.7 


115.2 


Apr. 
May 


219.6 


205.7 


227.9 


181.6 


256.0 


218.8 


114.6 


110.9 


122.7 


109.7 


116.9 


115.0 


220.1 


206.3 


228.3 


179.2 


263.2 


221.2 


114.4 


110.1 


122.9 


110.1 


116.6 


115.1 


June 


221.7 


207.2 


230.4 


178.6 


268.8 


223.7 


114.9 


111.4 


123.6 


110.1 


116.6 


115.1 


July 


221.2 


207.2 


229.6 


181.7 


265.3 


223.5 


115.4 


112.7 


123.9 


110.3 


117.0 


115.2 


Aug. 


222.4 


210.0 


230.1 


157.2f 


269.9 


213.6| 


115.7 


112.8 


124.1 


110.4 


117.2 


115.8 


Sept. 


221.5 


207.0 


230.2 


154.0 


263.7 


208.9 


116.2 


114.0 


124.2 


110.4 


117.4 


115.9 


Oct. 


220.7 


204.9 


230.0 


151.7 


265.3 


208.5 


116.7 


115.5 


124.5 


110.3 


117.5 


116.0 


Nov. 


218.8 


203.2 


228.1 


151.7 


258.0 


204.9 


116.2 


113.4 


125.0 


110.3 


117.4 


116.3 


Dec. 


219.0 


204.4 


227.6 


151.9 


261.6 


206.8 


115.8 


112.1 


125.2 


110.2 


117.4 


116.3 


1954— Jan. 


219.8 


206.5 


227.8 


152.5 


266.3 


209.4 


115.7 


111.6 


125.4 


110.1 


117.5 


116.4 


Feb. 














115.7 


111.7 


125.4 


110.0 


117.5 


116.5 



1. An independent series with different weighting and different prices from 
those included in the "Total Index". Prices include subsidies. 
Prices used for western wheat, oats and barley are initial payments to 
farmers plus retroactive revisions to include participation payments as 
these are announced. The final payment for wheat for the crop year 
beginning August 1, 1952 has not yet been announced. 



Components were selected and weighted on the basis of 1948 urban family 
incomes ranging from SI. 650 to $4,050 with incomes between $2,000 and 
$3,000 most common. The Consumer Price Index prior to 1949 is the 
Cost-of-Living Index inclusive of all tobacco taxes linked to the Consumer 
Price Index 1949 = 100. 
Not available. 



EMPLOYMENT AND LABOUR INCOME 

"Employment and Payrolls" , "Man-Hours and Hourly Earnings" and "Estimates of Labour Income", Dominion Bureau of Statistics 





EMPLOYMENT INDEXES 1. 2 


AVERAGE HOURS WORKED I. 3 


AVERAGE HOURLY 
EARNINGS l. 3. 4 






Indus- 
trial 
Composite 
























Monthly 




Manu- 
facturing 


Con- 
struction 


Mining 


Manu- 
facturing 


Con- 
struction 


Mining 


Manu- 
facturing 


Con- 
struction 


Mining 


Labour 
Income 

4.5 






Index li 


49 = 100 




Number 


Cents 


Millions $ 


Monthly Average 
1946 


88.2 


91.0 


69.5 


86.9 


42.7 


38.4 


43.2 


70.0 


76.9 


87.3 


444 


1947 


95.7 


97.2 


85.6 


88.6 


42.5 


39.3 


42.2 


80.3 


84.6 


98.0 


518 


1948 


99.7 


100.1 


95.4 


97.2 


42.2 


39.2 


42.6 


91.3 


94.1 


111.1 


597 


1950 


101.5 


100.9 


102.4 


105.5 


42.3 


39.9 


43.0 


103.6 


105.6 


121.4 


693 


1951 


108.8 


108.0 


110.2 


110.6 


41.8 


40.3 


43.1 


116.8 


117.6 


133.4 


806 


1952 


111.6 


109.3 


122.5 


116.8 


41.5 


41.7 


42.7 


129.2 


130.8 


147.1 


895 


1953* 


113.4 


113.3 


118.6 


111.8 


41.3 


41.8 


42.6 


135.8 


143.1 


153.8 




First of Month 
1952— Nov. 


116.2 


113.6 


137.2 


118.3 


42.1 


43.2 


43.5 


131.0 


135.2 


150.4 


952 


Dec. 


116.1 


113.5 


129.4 


117.1 


42.5 


42.2 


44.1 


132.1 


138.5f 


151.8 


942 


1953— Jan. 


113.0 


111.4 


111.3 


114.9 


38.3 


35.1 


40.6 


134.0 


135.8 


153.4 


928 


Feb. 


110.3 


111.9 


101.9 


114.4 


41.9 


42.1 


43.0 


134.2 


140.5 


153.5 


920 


Mar. 


110.0 


112.7 


93.7 


113.4 


42.1 


42.8 


42.1 


134.4 


142.7 


152.9 


924 


Apr. 


110.0 


112.9 


95.9 


111.9 


42.1 


42.0 


41.8 


134.9 


143.8 


152.6 


949 


Mav 


110.9 


113.1 


108.5 


111.9 


41.8 


41.0 


42.4 


135.5 


144.3 


153.7 


969 


June 


112.4 


113.4 


119.0 


112.1 


41.7 


42.3 


43.1 


135.9 


142.9 


153.1 


979 


July 


114.9 


114.7 


127.5 


113.7 


41.3 


42.4 


42.9 


136.2 


141.9 


153.0 


986 


Aug. 


115.6 


114.4 


135.4 


114.7 


41.0 


43.0 


42.8 


136.0 


142.5 


152.7 


993 


Sept. 


116.6 


115.6 


139.6 


112.3 


41.0 


43.3 


43.0 


135.7 


143.0 


153.4 


1,012 


Oct. 


116.9 


115.2 


135.8 


108.8 


41.5 


43.4 


43.1 


136.6 


146.6 


153.8 


1,009 


Nov. 


115.9 


113.1 


131. 5f 


107.8| 


41.4 


42.4 


43.0 


137.4 


146.5 


155.9 


995 


Dec. 


114.lt 


110.9 


123.0 


105.5 


41.3 


41.7 


43.9 


138.4 


147.0 


157.2 




1954— Jan.* 


110.2 


108.3 





















As reported by employers usually having 15 or more employees. Dated 

first of month and covering the last pay period in the previous month. 

Include Newfoundland commencing in 1950. 

Coverage, including salaried and part-time workers, at Dec. 1, 1953 was 

Industrial Composite 2,558,403; Manufacturing 1,154,535; Construction 

248.063; Mining 94,663. 

Include hourly rated wage earners only. 



4. Gross earnings before deductions for taxes, unemployment insurance, etc. 

5. Wages and salaries and includes bonuses and commissions, food, clothing, 
shelter and contributions to insurance, pensions, etc. provided by employer. 
Includes Newfoundland commencing in 1949. 

* Preliminary, 
t Revised. 



27 



FEBRUARY 1954 



Millions of Dollars 



NATIONAL ACCOUNTS * 

Dominion Bureau of Statistics 
NATIONAL INCOME AND GROSS NATIONAL PRODUCT 





Wages, 






Net Income of 
Unincorporated Business 


Net 




Depreciation 




Gross 


Calendar 


Salaries & 
Supplementary 


Military 
Pay and 


Investment 






National 
Income 


Taxes 


Similar 


Residual 
Error of 


National 








Product 




Labour 
Income 


Allowances 




Farm 
2 


Other 
3 


at Factor 
Cost 


Subsidies 


Business 

Costs 

4 


Estimate 


at Market 
Prices 


1926 


2,358 


7 


685 


619 


516 


4,185 


612 


558 


-61 


5,294 


1929 


2,929 


8 


836 


408 


608 


4,789 


681 


709 


-13 


6,166 


1933 


1,778 


8 


299 


74 


293 


2,452 


537 


547 


+ 16 


3,552 


1937 


2,518 


9 


793 


290 


452 


4,062 


704 


572 


+ 17 


5,355 


1946 


5,323 


340 


1,975 


1,112 


1,071 


9,821 


1,269 


903 


+33 


12,026 


1947 


6,221 


83 


2,269 


1,223 


1,189 


10,985 


1,604 


1,118 


+61 


13,768 


1948 


7,170 


82 


2,464 


1,518 


1,326 


12,560 


1,772 


1,276 


+5 


15,613 


1949 


7,761 


115 


2,445 


1,504 


1,369 


13,194 


1,830 


1,437 


+ 1 


16,462 


1950 


8,311 


137 


3,155 


1,503 


1,444 


14,550 


2,018 


1,636 


-1 


18,203 


1951 


9,676 


201 


3,642 


2,106 


1,503 


17,128 


2,468 


1,889 


-19f 


21,466t 


1952 


10,743 


270 


3,666 


1,934 


1,522 


18,135 


2,744| 


2,070 


+ 161f 


23,110t 


1953* 


11,655 


309 


3,737 


1,667 


1,609 


18,977 


2,923 


2,266 


+76 


24,242 



GROSS NATIONAL EXPENDITURE 







Fed., Prov. and Municipal 


Gross Domestic 














Personal 


Gov't. Expenditures on 


Investment 


Exports 




Less: Imports 




Gross 


Calendar 


Expenditure 


Goods and 


Services 5 




r 


of 


Gross 

Available 

Supply 


of Goods 

and 
Services 


Residual 
Error of 
Estimate 


National 

Expenditure 

at Market 


Years 


and 






Housing, 


Change in 


Services 




Services 


6 


Other 


Plant and 
Equipment 


Inventories 
8 


9, 10 




10 




Prices 


1926 


3,687 


15 


506 


809 


+88 


1,650 


6,775 


1,522 


+61 


5,294 


1929 


4,393 


22 


660 


1,330 


+61 


1,632 


8,098 


1,945 


+ 13 


6,166 


1933 


2,887 


20 


506 


239 


-82 


826 


4,396 


828 


-16 


3,552 


1937 


3,777 


33 


638 


647 


+94 


1,591 


6,780 


1,409 


-16 


5,355 


1946 


7,977 


847 


985 


1,398 


+519 


3,210 


14,936 


2,878 


-32 


12,026 


1947 


9,173 


227 


1,343 


2,121 


+947 


3,638 


17,449 


3,621 


-60 


13,768 


1948 


10,112 


236 


1,562 


2,685 


+605 


4,054 


19,254 


3,636 


-5 


15,613 


1949 


10,963 


361 


1,767 


2,968 


+231 


4,011 


20,301 


3,837 


-2 


16,462 


1950 


12,029 


493 


1,833 


3,216 


+960 


4,183 


22,714 


4,513 


+2 


18,203 


1951 


13,297 


l,157t 


2,086f 


3,810 


+ 1,620 


5,089 


27,059f 


5,613 


+20f 


21,466f 


1952 


14,334 


l,800f 


2,431| 


4,265f 


+278 


5,581 


28,689f 


5,417 


-162f 


23,110t 


1953* 


15,035 


1,909 


2,541 


4,701 


+583 


5,450 


30,219 


5,900 


-77 


24,242 









PERSONAL 


INCOME AND EXPENDITURE 










Interest, 
Dividends 


All Other 


Transfer 


Less: Social 
Insurance 




Less: 
Personal 




Less: 
Personal 


Personal Savings 


Percentage 
of 


Calendar 




Personal 


Payments 


and Govt. 




Disposable 


Expenditure 






Years 


Rental 

Income 

of Persons 

11 


Earnings 
12 


from Govt, 
to Persons 


Pension 
Funds 

13 


Personal 
Income 


Direct 
Taxes 

14 


Income 


onConsumer 

Goods and 

Services 


In Farm 
Inventories 


Total (incl. 
Farm In- 
ventories 


Disposable 
Income 
Saved 


1926 


532 


3,503 


74 


17 


4,092 


53 


4,039 


3,687 


-1 


+352 


+8.7 


1929 


621 


3,970 


93 


27 


4,657 


68 


4,589 


4,393 


-129 


+196 


+4.3 


1933 


473 


2,210 


181 


21 


2,843 


69 


2,774 


2,887 


-33 


-113 


-4.1 


1937 


550 


3,289 


237 


34 


4,042 


112 


3,930 


3,777 


-11 


+ 153 


+3.9 


1946 


969 


7,835 


1,106 


149 


9,761 


796 


8,965 


7,977 


-57 


+988 


+ 11.0 


1947 


1,060 


8,672 


839 


181 


10,390 


791 


9,599 


9,173 


-79 


+426 


+4.4 


1948 


1,080 


10,224 


863 


224 


11,943 


822 


11,121 


10,112 


-65 


+ 1,009 


+9.1 


1949 


1,180 


10,866 


950 


239 


12,757 


789 


11,968 


10,963 


-72 


+ 1,005 


+8.4 


1950 


1,320 


11,317 


1,033 


256 


13,414 


740 


12,674 


12,029 


+ 131 


+645 


+5.1 


1951 


1,447 


13,547 


1,030 


313 


15,711 


1,028 


14,683 


13,297 


+354 


+1,386 


+9.4 


1952 


1,570 


14,469 


1,370 


336 


17,073 


1,320 


15,753 


14,334 


+238 


+1,419 


+9.0 


1953* 


1,686 


15,243 


1,466 


382 


18,013 


1,432 


16,581 


15,035 


+64 


+1,546 


+9.3 



1. Includes Newfoundland commencing in 1949. 

2. Accrued net income of farm operators from farm production. This item 
includes the undistributed earnings of the Canadian Wheat Board, and 
an inventory valuation adjustment for grain held by the Board. 

3. Includes net income of independent professional practitioners. 

4. Includes an estimate of capital outlay charged to current account, the 
claim portion of fire insurance premiums, and bad debt allowances. 

5. Includes capital expenditures by govt, (other than govt, business enter- 
prises), changes in inventories of govt, commodity agencies, the Defence 
Production Revolving Fund, and in 1947, 1948 UNRRA, Mutual Aid and 
Military Relief. Excludes shipments under NATO of previously produced 
military equipment but includes replacement of new equipment. 

6. Includes only expenditures on goods and services by the Departments of 
National Defence and Defence Production. 

7. Includes capital expenditures by govt, business enterprises. 

8. Change in business inventories is the change in book value. Change in 
other inventories is the value of the physical change in grain in commercial 
channels and inventories on farms. 



9. Excludes exports financed by Govt, of Canada expenditure on Mutual 
Aid and foreign relief. 

10. Minor adjustments have been made by D.B.S. to the figures of current 
receipts and payments as shown in the "Canadian Balance of International 
Payments" to achieve consistency with other component series. 

11. Includes all govt, debt interest paid to persons. Includes charitable 
donations from corporations. 

12. Wages, salaries and supplementary labour income, military pay and 
allowances, net income of agriculture (excluding undistributed earnings 
and inventory valuation adjustment of the Canadian Co-op. Wheat 
Producers and the Canadian Wheat Board), and other unincorporated 
business, plus net bad debt losses of corporations. The latter are included 
under "Depreciation and Similar Business Costs" and amounted to an 
average of $25 mm. over the last four years. 

13. Includes both employer and employee contributions. 

14. Includes succession duties, 
t Revised. 

* Preliminary. 



j ^ / n i-rr n aj 



\ i 



*/ k v>*vr n 



w 



~K f\ A/I I j^~rw ~\i 



\\ \ V V 



FEBRUARY 1954 



28 



Estimates in Thousands 



LABOUR FORCE STATUS OF THE POPULATION * 

"The Labour Force", Dominion Bureau of Statistics, Department of National Defence 







At work 


At work less than 


With jobs but 








Total 








35 HOURS OR MORE 


35 HOURS 


NOT AT WORK 


Without 


Total 


Not in 
Labour 
Force 


Civilian 

NON- 




In Wee 

Endinc 


K 


Agri- 
culture 


Non- 
Agri- 


Usually 

work 
less than 


Usually work 
35 hrs. or more 


Lay-off 


Other 
reasons 


jobs 

AND 

SEEKING 

WORK 


Civilian 
Labour 
Force 


TIONAL 

Popula- 
tion 14 

YEARS OF 
AGE AND 


Armed 
Forces 




Lay off 
and 


Other 












35 hrs. 


short 
time 


reasons 
2 


3 


4 


5 






OVER 






1 


660 


3,593 




50 


126 


207 


5,114 


4,645 


9,759 




1952f-Mar. 




478 


94 


May 


31 


796 


3,814 




433 


19 


109 


105 


5,276 


4,536 


9,812 


98 


Aug. 


16 


904 


3,665 




342 


17 


362 


85 


5,375 


4,485 


9,860 


99 


Nov. 


22 


724 


3,934 




365 


19 


107 


113 


5,262 


4,660 


9,922 


100 


Dec. 


13 

24 


701 
687 


3,834 
3,836 




458 


26 
48 


100 
121 


131 
187 


5,250 
5,200 


4,685 
4,764 


9,935 
9,964 


100 


1953— Jan. 


198 


45 


78 


103 


Feb. 


21 


680 


3,838 


196 


41 


84 


52 


124 


179 


5,194 


4,786 


9,980 


104 


Mar. 


21 


719 


3,815 


195 


41 


89 


39 


122 


172 


5,192 


4,794 


9,986 


104 


Apr. 


18 


766 


3,879 


192 


30 


74 


27 


108 


165 


5,241 


4,761 


10,002 


105 


May 


16 


821 


3,899 


211 


32 


145 2 


11 


88 


114 


5,321 


4,685 


10,006 


105 


June 


20 


838 


4,050 


195 


28 


61 


10 


115 


90 


5,387 


4,633 


10,020 


105 


July 


18 


927 


3,880 


184 


28 


63 


13 


330 


90 


5,515 


4,522 


10,037 


105 


Aug. 


22 


908 


3,912 


168 


33 


72 


17 


305 


92 


5,507 


4,550 


10,057 


106 


Sept. 


19 


847 


4,049 


169 


35 


75 


13 


126 


84 


5,398 


4,682 


10,080 


106 


Ort. 


24 


776 


4,054 


182 


46 


58 


14 


110 


111 


5,351 


4,744 


10,095 


107 


Nov. 


21 


733 


3,981 


194 


60 


68 


27 


102 


151 


5,316 


4,791 


10,107 


107 


Dec. 


12 


702 


3,848 


186 


65 


1712 


26 


87 


190 


5,275 


4,840 


10,115 


107 


1954— Jan. 


23 


681 


3,784 


186 


65 


107 


24 


115 


280 


5,242 


4,887 


10,129 


110 



Estimates based on a sample of about 30,000 households and therefore 

subject to sampling error which is relatively larger the smaller the estimate. 

For unrevised details of earlier years see page 13. 

Principal reasons are bad weather, illness, vacations and, in December and 

May, observance of religious holidays. 

Includes only those who had definite instructions to return to their jobs 



within 30 days of date on which lay-off began. 

4. Principal reasons are illness and vacations. 

5. Includes persons who, though having jobs, did not work but sought work 
and those who would have sought work but were temporarily ill, on in- 
definite or prolonged lay-off, or believed no work was available. 

t Revised. 



NATIONAL ACCOUNTS 1 



GROSS NATIONAL EXPENDITURE 

MILLIONS OF DOLLARS 



NATIONAL INCOME 
AND GROSS NATIONAL PRODUCT 



30000 





MILLIONS OF DOLLARS 



30000 

10000 
5000 



ACCRUED NET INCOME OF 
"FARM OPERATORS FROM FARM PRODUCTION 



1000 
500 



100 



1940 41 



1940 41 42 43 44 45 46 47 48 49 50 51 



52 53' 

1. Includes Newfoundland commencing in 1949. 2. Includes capital expenditures by govt, other than govt, business enterprises. 
3. Includes capital expenditures by govt, business enterprises. 4. National income plus indirect taxes, depreciation allowances and 
similar business costs. * Preliminary. 



29 



FEBRUARY 1954 



CAPITAL EXPENDITURES ON NEW CONSTRUCTION, MACHINERY AND EQUIPMENT *■ 2 

Millions of Dollars Department of Trade and Commerce 





Current Dollars 




1949 Constant Dollars 




New Construction 


Machinery 

and 
Equipment 


Total 


Capital 
Expenditures 
as a Percent 
of Gross 
National 
Product 


New Construction 


Machinery 

and 
Equipment 


Total 


Capital 
Expenditures 




Housing 


Other 


Housing 


Other 


of Gross 
National 
Product 


Calendar year 
1947 
1948 
1949 
1950 

1951 
1952 
1953f 
1954** 


540 
668 
776 
845 

821 

826 

1,086 

1,122 


884 
1,209 
1,348 
1,521 

1,914 
2,437 
2,560 
2,743 


1,065 
1,298 
1,378 
1,449 

1,842 
2,022 
2,033 
1,973 


2,489 
3,175 
3,502 
3,815 

4,577 
5,285 
5,679 
5,838 


18.1 

20.3 
21.3 
21.0 

21.3 
22.9 
23.4 


648 
693 
776 
802 

684 
666 

865 

* 


1,033 
1,254 
1,348 
1,445 

1,625 
1,943 

1,966 

* 


1,265 
1,376 
1,378 
1,370 

1,563 
1,711 
1,709 

* 


2,946 
3,323 
3,502 
3,617 

3,872 
4,320 
4,540 


19.0 
21.1 
21.5 
20.9 

21.2 
22.2 

22.5 

* 



Millions of Dollars 





Agriculture, 














Finance 




Federal 


Provincial 






Fishing. 
Forestry 
and the 


Mining, 
Quarry- 
ing and 
Oil Wells 


Heavy 
Manu- 


Other 
Manu- 


Utilities 


Housing 


Trade 


and 
Com- 


Institu- 


Govern- 
ment 


and 

Municipal 
Govern- 


Total 




Construc- 
tion 
Industry 


facturing 

3 


facturing 


4 






mercial 
Services 


tions 


Depart- 
ments 

S 


ment 
Depart- 
ments 




Calendar year 


























1926 


118 


17 


85 


137 


174 


212 


24 


27 


38 


33 


53 


917 


1929 


169 


46 


132 


242 


344 


247 


68 


63 


54 


58 


94 


1,518 


1933 


29 


9 


15 


27 


55 


76 


10 


13 


15 


26 


53 


327 


1937 


95 


33 


74 


67 


141 


176 


28 


24 


22 


31 


138 


828 


1946 


229 


39 


186 


151 


251 


413 


83 


54 


74 


40 


184 


1,703 


1947 


358 


71 


300 


228 


410 


540 


119 


83 


89 


51 


240 


2,489 


1948 


438 


105 


352 


227 


566 


668 


162 


119 


145 


97 


296 


3,175 


1949 


500 


122 


323 


213 


679 


776 


193 


100 


190 


138 


268 


3,502 


1950 


578 


119 


297 


205 


720 


845 


234 


163 


208 


127 


319 


3,815 


1951 


639 


181 


555 


238 


900 


821 


235 


177 


236 


231 


364 


4,577 


1952 


667 


211 


762 


211 


1,159 


826 


197 


147 


278 


390 


437 


5,285 


1953t 


635 


280 


725 


215 


1,168 


1,086 


285 


195 


301 


342 


447 


5,679 


1954** 


563 


312 


622 


213 


1,239 


1,122 


338 


209 


409 


331 


480 


5,838 



Percent 





Agriculture, 


Mining, 
Quarry- 
ing and 
Oil Wells 












Finance 




Federal 


Provincial 






Fishing, 
Forestry 
and the 


Heavy 

Manu- 


Other 

Manu- 


Utilities 


Housing 


Trade 


and 
Com- 


Institu- 
tions 


Govern- 
ment 


and 
Municipal 
Govern- 


Total 




Construc- 
tion 
Industry 


facturing 

3 


facturing 


4 






mercial 
Services 


Depart- 
ments 

5 


ment 
Depart- 
ments 




Calendar year 


























1926 


12.8 


1.8 


9.3 


14.9 


19.0 


23.1 


2.6 


2.9 


4.1 


3.6 


5.9 


100.0 


1929 


11.1 


3.0 


8.7 


15.9 


22.7 


16.3 


4.5 


4.2 


3.6 


3.8 


6.2 


100.0 


1933 


8.8 


2.7 


4.6 


8.2 


16.8 


23.2 


3.0 


4.0 


4.6 


7.9 


16.2 


100.0 


1937 


11.5 


4.0 


8.9 


8.1 


17.0 


21.2 


3.4 


2.9 


2.6 


3.7 


16.7 


100.0 


1946 


13.4 


2.3 


10.9 


8.9 


14.7 


24.3 


4.9 


3.2 


4.3 


2.3 


10.8 


100.0 


1947 


14.4 


2.8 


12.1 


9.2 


16.5 


21.7 


4.8 


3.3 


3.6 


2.0 


9.6 


100.0 


1948 


13.8 


3.3 


11.1 


7.2 


17.8 


21.0 


5.1 


3.7 


4.6 


3.1 


9.3 


100.0 


1949 


14.3 


3.5 


9.2 


6.1 


19.4 


22.2 


5.5 


2.9 


5.4 


3.9 


7.6 


100.0 


1950 


15.1 


3.1 


7.8 


5.4 


18.9 


22.1 


6.1 


4.3 


5.5 


3.3 


8.4 


100.0 


1951 


14.0 


4.0 


12.1 


5.2 


19.7 


17.9 


5.1 


3.9 


5.2 


5.0 


7.9 


100.0 


1952 


12.6 


4.0 


14.4 


4.0 


21.9 


15.6 


3.7 


2.8 


5.3 


7.4 


8.3 


100.0 


1953 1 


11.2 


4.9 


12.8 


3.8 


20.6 


19.1 


5.0 


3.4 


5.3 


6.0 


7.9 


100.0 


1954** 


9.6 


5.3 


10.7 


3.7 


21.2 


19.2 


5.8 


3.6 


7.0 


5.7 


8.2 


100.0 



Total capital expenditure shown is greater than the National Accounts' 
estimate of Gross Domestic Investment (ex. inventories) in that the 
latter excludes direct investment outlays of government departments and 
government investment outlays on government built non-rental housing, 
provincial hospitals and provincial and municipal schools. These expendi- 
tures are treated as government expenditures on goods and services in the 
National Accounts. A reconciliation statement is provided in "Private and 
Public Investment in Canada. Outlook 1954," Dept. of Trade and Commerce. 
Includes Newfoundland commencing in 1949. 
Includes investment of the following industries: Pulp and Paper Products; 



Iron and Steel; Transportation Equipment; Non-ferrous Metal Products; 
Electrical Apparatus and Supplies; Non-metallic Mineral Products; 
Products of Petroleum and Coal; Chemical Products; plus an estimate of 
capital items charged to operating expenses by these industries. 

4. Includes oil and gas pipe lines. 

5. Includes Federal Government defence projects and capital assistance to 
industries filling defence contracts. 

* Not available. 

t Preliminary actual. 

** Intentions. 



v / n urri rv 



T ./ v r a u^r* 1J " ^ J V\A^ 



FEBRUARY 1954 



30 



1935-39 = 100 



VOLUME OF INDUSTRIAL PRODUCTION 

INDEXES NOT SEASONALLY ADJUSTED 

"Canadian Statistical Review" , Dominion Bureau of Statistics 





Total 


Mining 


Manufacturing 


Electricity 
and 

Manufactured 
Gas 




Total 


Non- 
Durables 


Durables 


Weighting 


100.0 


16.8 


75.6 


46.1 


29.5 


7.6 


Annual Average 














1935 


85.6 


79.5 


86.5 


89.0 


82.7 


90.4 


1937 


108.0 


103.8 


109.3 


106.7 


113.2 


105.1 


1939 


109.7 


118.0 


108.1 


108.2 


107.9 


107.5 


1945 


187.2 


100.9 


209.8 


176.3 


262.1 


152.1 


1947 


187.8 


106.2 


207.7 


191.2 


233.5 


169.3 


1949 


199.6 


131.7 


217.0 


198.2 


246.3 


176.1 


1950 


211.5 


145.4 


228.1 


208.3 


259.1 


190.9 


1951 


226.5 


161.8 


242.1 


214.0 


285.9 


214.2 


1952 


232.9 


174.7 


246.3 


215.2 


294.8 


228.8 


1953* 


248.6 


185.6 


263.2 


224.1 


324.2 


241.9 


Monthly 














1952— Nov. 


248.1 


184.5 


263.5 


232.4 


312.2 


235.3 


Dec. 


235.7 


173.3 


248.9 


213.4 


304.5 


241.4 


1953— Jan. 


232.1 


164.6 


245.6 


203.4 


311.6 


246.7 


Feb. 


242.0 


162.6 


258.3 


214.3 


327.0 


254.4 


Mar. 


246.8 


160.2 


265.6 


221.8 


334.1 


251.0 


Apr. 


254.5 


175.5 


270.8 


227.8 


337.9 


266.3 


May 


254.7 


180.4 


271.6 


230.3 


336.3 


250.0 


June 


257.5 


196.3 


273.3 


231.9 


338.1 


235.7 


July 


247.0 


206.5 


258.3 


219.5 


319.2 


223.4 


Aug. 


248.5 


201. 0t 


262.0 


230.5 


311.3 


218.4 


Sept. 


257.0 


212.2 


269.9 


235.1 


324.5 


226.7 


Oct. 


254.4f 


199.9 


268.1J 


232.5 


323. 7f 


237.7 


Nov. 


250.6f 


194. Of 


263. 7f 


230 .9f 


315.0f 


244.4f 


Dec. 


237.7* 


173.8* 


250.8* 


211.5* 


312.2* 


247.7* 



t Revised. 



* Preliminary. 



CAPITAL EXPENDITURES: SELECTED INDUSTRIES 

(MILLIONS OF CURRENT DOLLARS) 



1,2 





HEAVY MANUFACTURING 






140 

70 




1 1 

ooPRODUCTS OF PETROLEUM AND COAI .. _ 




■=TRANSPORTATIO 
— IRON AND STEE 
"CHEMICAL PROD 


M EOJJIPMENT 
L PRODUCTS 
UCTS 


/i \. 
/i >*. 
/ 1 
/ i 
f i 


\ 
\ 


E5i 






\ 

\ 
\ 



OTHER MANUFACTURING 



140 



70 



140 



70 



=FOOO AND BEVERAGES 
—TEXTILE PRODUCTS 
"RUBBER PRODUCTS 



140 



70 



TRADE 



140 



70 



INDEPENDENT STORES 
■ DEPARTMENT STORES 
•CHAIN STORES 




UTILITIES 



520 



260 



==CENTRAL ELEC. 


STATIONS 






AND GAS WORK 
= STEAM RAILWAY 

AND TELEGRAPI- 
"OTHER UTILITIE 
— TELEPHONES 


S 

s 
s 


>*• 


■^ 






' 


.--■"" 




^■^^ — 



b= 



520 



260 





54 ** 



1. Includes Newfoundland commencing in 1949. 
out of Government Capital Assistance funds. 
* Preliminary actual. ** Intentions. 



2. Excludes capital items charged to operating expense and capital expenditures made 

3. Includes only air transport, warehousing and oil and gas pipe lines. 



31 



FEBRUARY 1954 



MINERAL PRODUCTION 1 

Dominion Bureau of Statistics 
METALLIC MINERALS 





Gold 


Silver 


Other 
Precious Metals 2 


Nickel 


Copper 




Thous. 


$ mm. 


Thous. 


$ mm. 


Thous. 


$ mm. 












fine oz. 


fine oz. 


fine oz. 


mm. lbs. 


$ mm. 


mm. lbs. 


$ mm. 


1926 


1,754 


36.3 


22,372 


13.9 


20 


1.6 


66 


14.4 


133 


17.5 


1929 


1,928 


39.9 


23,143 


12.3 


30 


1.7 


110 


27.1 


248 


43.4 


1933 


2,949 


84.4 


15,188 


5.7 


56 


1.5 


83 


20.1 


300 


21.6 


1937 


4,096 


143.3 


22,978 


10.3 


259 


9.9 


225 


59.5 


530 


68.9 


1946 


2,833 


104.1 


12,544 


10.5 


239 


12.8 


192 


45.4 


368 


46.6 


1947 


3,070 


107.5 


12,504 


9.0 


205 


10.0 


237 


70.7 


452 


91.5 


1948 


3,530 


123.5 


16,110 


12.1 


270 


16.9 


263 


86.9 


481 


107.2 


1949 


4,124 


148.4 


17,641 


13.1 


337 


19.9 


257 


99.2 


527 


104.7 


1950 


4,441 


169.0 


23,221 


18.8 


278 


17.8 


247 


112.1 


528 


123.2 


1951 


4,393 


161.9 


23,126 


21.9 


319 


22.5 


276 


151.3 


540 


149.0 


1952f 


4,472 


153.2 


25,222 


21.1 


280 


18.5 


281 


151.3 


516 


146.7 


1953* 


4,061 


139.8 


30,145 


25.3 


302 


19.6 


288 


160.9 


503 


150.6 





Zinc 


Lead 


Iron 


Ore 


Magnesium 

3 


All Other 
Metallics 


Total 
Metallics 






















mm. lbs. 


$ mm. 


mm. lbs. 


$ mm. 


Thous. tons 


$ mm. 


Thous. lbs. 


$ mm. 


$ mm. 


$ mm. 


1926 


150 


11.1 


284 


19.2 


_ 


_ 


_ 


_ 


1.1 


115.1 


1929 


197 


10.6 


327 


16.5 


- 


- 


- 


- 


2.8 


154.3 


1933 


199 


6.4 


266 


6.4 


- 


- 


- 


- 


.9 


147.0 


1937 


370 


18.2 


412 


21.1 


- 


- 


- 


- 


2.9 


334.1 


1946 


471 


36.8 


354 


23.9 


1,550 


6.8 


321 


.1 


3.4 


290.4 


1947 


416 


46.7 


323 


44.2 


1,919 


9.3 


*• 


** 


6.2 


395.1 


1948 


468 


65.2 


335 


60.3 


1,337 


7.5 


** 


** 


8.6 


488.2 


1949 


577 


76.4 


320 


50.5 


3,675 


21.2 


** 


** 


5.6 


539.0 


1950 


626 


98.0 


331 


47.9 


3,605 


23.4 


** 


1.5 


5.8 


617.2 


1951 


682 


135.8 


316 


58.2 


4,681 


31.1 


** 


3.6 


10.3 


745.6 


1952f 


744 


129.8 


338 


54.7 


5,272 


33.7 


** 


4.8 


14.1 


727.9 


1953* 


798 


95.4 


394 


52.0 


6,501 


42.7 


** 


4.6 


18.0 


708.9 



NON-METALLIC MINERALS 





Coal 


Petroleum 


Natural Gas 


Asbestos 


Salt 




Thous. tons 


$ mm. 


Thous. bbl. 


$ mm. 


billions 
cu. ft. 


$ mm. 


Thous. tons 


$ mm. 


Thous. tons 


$ mm. 


1926 


16,478 


59.9 


364 


1.3 


19 


7.6 


279 


10.1 


263 


1.5 


1929 


17,497 


63.1 


1,117 


3.7 


28 


10.0 


306 


13.2 


330 


1.6 


1933 


11,903 


35.6 


1,145 


3.1 


23 


8.7 


158 


5.2 


280 


1.9 


1937 


15,836 


48.8 


2,944 


5.4 


32 


11.7 


410 


14.5 


459 


1.8 


1946 


17,806 


75.4 


7,586 


15.0 


48 


12.2 


558 


25.2 


538 


3.6 


1947 


15,869 


77.5 


7,692 


19.6 


53 


13.4 


662 


33.0 


729 


4.4 


1948 


18,450 


106.7 


12,287 


37.4 


59 


15.6 


717 


42.2 


741 


4.8 


1949 


19,120 


110.9 


21,305 


61.1 


60 


11.64 


575 


39.7 


749 


5.6 


1950 


19,139 


110.1 


29,093 


84.6 


68 


6.4* 


875 


65.9 


859 


7.0 


1951 


18,587 


109.0 


47,616 


116.7 


79 


7.2 4 


973 


81.6 


965 


7.9 


1952f 


17,579 


111.0 


61,237 


143.0 


89 


9.5 4 


929 


89.3 


972 


7.8 


1953* 


15,760 


102.1 


81,312 


198.1 


100 


11.04 


912 


87.6 


947 


7.4 





Sulphur 


Gypsum 


Sodium Sulphate 


Peat Moss 

5 


All Other 

Non- 
Metallics 

$ mm. 

6 


Total 

Non- 

Metallics 

$ mm. 

6 




Thous. tons 


$ mm. 


Thous. tons 


$ mm. 


Thous. tons 


$ mm. 


Thous. tons 


$ mm. 


1926 


9 


.1 


884 


2.8 


7 


_ 


_ 


_ 


2.1 


85.4 


1929 


43 


.4 


1,212 


3.3 


5 


.1 


- 


- 


2.6 


98.0 


1933 


57 


.5 


383 


.7 


50 


.5 


- 


- 


1.3 


57.8 


1939 


131 


1.2 


1.047 


1.5 


80 


.6 


- 


- 


2.9 


88.4 


1946 


235 


1.8 


1,811 


3.7 


106 


1.1 


97 


2.4 


5.9 


146.3 


1947 


222 


1.8 


2,497 


4.7 


163 


1.8 


80 


2.3 


6.7 


165.2 


1948 


229 


1.8 


3,217 


5.5 


154 


2.1 


90 


2.8 


8.0 


227.0 


1949 


262 


2.0 


3,014 


5.4 


120 


1.6 


80 


2.4 


7.8 


248.2 


1950 


301 


2.2 


3,666 


6.7 


131 


1.6 


75 


23 


9.0 


295.9 


1951 


372 


3.1 


3,803 


5.8 


192 


2.4 


77 


2.4 


12.4 


348.6 


1952f 


424 


3.9 


3,591 


6.5 


123 


1.7 


75 


2.4 


13.5 


388.6 


1953* 


334 


3.1 


3,766 


7.5 


113 


1.7 


85 


2.5 


17.7 


438.7 



Includes Newfoundland commencing in 1949. Since 1941 excludes data 

for pitchblende products. 

From 1945 the figures represent the metal content of concentrates produced 

from nickel-copper ores. For earlier years figures refer to refined metals 

recovered and the contents of concentrates sold. 

Magnesium and calcium commencing in 1950. 

Includes Alberta production valued at the well head. Production figures 



prior to 1949 do not include natural gas which was allowed to go to waste; 

value figures for Alberta prior to 1949 include some gas at a higher value 

than at the well head. Ontario production from 1950 valued at wholesale 

price rather than retail as in previous years. 

Not included in production prior to 1941. 

Excluding clay products and other structural materials. 



5. 
6. 
** Not available. t Revised. 



* Preliminary estimate. 



isrt r\ 



^ k v^rn V -WV/-/! LA^va M M 



MHf 



FEBRUARY 1954 



32 



Millions of Dollars 



EXTERNAL TRADE AND TRADE INDEXES * 

Compiled from "Trade of Canada", Dominion Bureau of Statistics 



TOTAL EXPORTS (EXCLUDING GOLD) TO 2 


New Gold 


EXPORT INDEXES s 


















Production 














Other 


Western 


Central 






Available 










U.S.A. 


U.K. 


Sterling 


Europe & 


and 


All 


All 


for 


Total 




Physical 








Area 


Colonies 


South 


Other 


Countries 


Export 


Value 


Price 


Volume 








3 


4 


America 














Calendar Years 
























1926 


471 


318 


85 


283 


44 


76 


1,277 


30 


41.0 


70.2 


58.4 


1929 


515 


226 


93 


207 


44 


92 


1,178 


37 


37.5 


64.4 


58.2 


1933 


173 


188 


39 


95 


10 


30 


535 


82 


17.2 


39.9 


43.1 


1937 


394 


386 


97 


94 


25 


49 


1,045 


145 


32.4 


53.4 


60.7 


1947 


1,057 


754 


359 


327 


135 


180 


2,812 


99 


90.2 


91.6 


98.5 


1948 


1,522 


689 


290 


317 


127 


165 


3,110 


119 


100.0 


100.0 


100.0 


1949 


1,524 


709 


305 


254 


132 


99 


3,023 


139 


97.3 


103.3 


94.2 


1950 


2,051 


473 


200 


199 


154 


80 


3,157 


163 


101.4 


108.3 


93.6 


1951 


2,334 


636 


266 


364 


217 


146 


3,963 


150 


127.3 


123.0 


103.5 


1952 


2,349 


751 


291 


468 


281 


216 


4,356 


150 


139.9 


121.8 


114.9 


1953 


2,463 


669 


252 


367 


207 


215 


4,173 


144 


133.9 


118.7 


112.8 


12 Mths. end'g 
























Jan. 1954 


2,431 


658 


247 


367 


200 


214 


4,117 


140 








Monthly 
























1953-Jan. 


191.7 


49.5 


17.7 


22.4 


18.8 


20.8 


321.3 


16.0 


123.8 


119.8 


103.3 


Feb. 


176.8 


36.4 


23.1 


19.5 


13.6 


10.2 


279.6 


16.1 


107.5 


119.3 


90.1 


Mar. 


206.4 


38.8 


18.4 


17.9 


17.7 


13.8 


313.0 


15.6 


120.1 


119.4 


100.6 


Apr. 


192.3 


45.3 


18.0 


21.8 


17.0 


10.4 


304.8 


11.7 


117.5 


119.5 


98.3 


May 


224.2 


68.5 


24.0 


38.5 


15.5 


14.3 


385.0 


12.0 


148.4 


118.6 


125.1 


June 


218.2 


77.3 


27.7 


52.0 


21.4 


19.4 


416.0 


13.7 


160.6 


119.2 


134.7 


July 


212.7 


81.3 


24.7 


43.8 


17.0 


18.8 


398.3 


9.3 


153.4 


118.7 


129.2 


Aug. 


199.9 


67.2 


19.4 


26.7 


12.1 


21.6 


346.9 


10.7 


133.7 


118.8 


112.5 


Sept. 


211.4 


45.0 


25.7 


24.1 


18.2 


19.4 


343.8 


10.4 


132.0 


119.3 


110.6 


Oct. 


201.9 


55.8 


16.3 


33.4 


19.1 


21.3 


347.8 


9.9 


134.0 


118.3 


113.3 


Nov. 


204.0 


56.1 


19.7 


35.1 


21.0 


19.3 


355.2 


9.1 


136.9 


117.0f 


117.0f 


Dec. 


223.5 


47.7 


17.0 


31.7 


15.5 


25.5 


360.9 


9.8 


138.8 


116.4 


119.2 


1954-Jan. 


160.1 


38.1 


12.5 


22.8 


11.8 


20.1 


265.4 


11.5 











TOTAL IMPORTS (EXCLUDING GOLD) FROM 






Excess of 


IMPORT INDEXES s 


















Merchandise 
Exports 




1948-100 










Other 


Western 


Central 




Total 














U.S.A. 


U.K. 


Sterling 


Europe & 


and 


All 


All 


Merchandise 


Total 












Area 
3 


Colonies 
4 


South 
America 


Other 


Countries 


Imports 


Value 


Price 


Volume 


Calendar Years 
























1926 


669 


165 


47 


71 


33 


23 


1,008 


269 


38.1 


68.9 


55.3 


1929 


894 


195 


59 


90 


33 


28 


1,299 


-121 


49.1 


63.0 


77.9 


1933 


217 


98 


34 


32 


10 


10 


401 


134 


15.1 


43.7 


34.6 


1937 


491 


147 


87 


43 


21 


20 


809 


236 


30.6 


50.8 


60.2 


1947 


1,975 


189 


158 


64 


159 


29 


2,574 


238 


97.6 


88.0 


110.9 


1948 


1,806 


300 


194 


77 


223 


37 


2,637 


473 


100.0 


100.0 


100.0 


1949 


1,952 


307 


187 


83 


193 


39 


2,761 


261 


104.7 


102.6 


102.0 


1950 


2,131 


404 


242 


114 


215 


68 


3,174 


-17 


120.4 


110.3 


109.2 


1951 


2,813 


421 


309 


181 


275 


86 


4,085 


-122 


154.8 


126.2 


122.7 


1952 


2,977 


360 


186 


157 


285 


66 


4,031 


326 


152.3 


110.3 


138.1 


12 Mths. end'g 
























Nov. 1953 


3,240 


444 


171 


180 


289 


66 


4,390 


-184 








Monthly 
























1952-Dec. 


265.2 


28.0 


10.1 


13.0 


22.6 


6.2 


345.1 


48.8 


155.8 


108.5 


143.6 


1953-Jan. 


249.2 


30.5f 


9.4 


10.3 


21.2 


7.0 


327.8 


-6.6 


147.5 


108.4 


136.1 


Feb. 


241.0 


27.2 


8.9 


8.9 


20.9 


3.1 


310.0 


-30.4 


140.5 


108.1 


130.0 


Mar. 


272.8 


37.6 


11.0 


11.9 


22.1 


4.7 


360.1 


-47.1 


163.4 


109.0 


149.9 


Apr. 


297.3 


37.9 


12.6 


17.3 


22.8 


3.9 


391.8 


-87.0 


177.9 


109.1 


163.1 


May 


312.3 


43.5 


17.6 


15.4 


27.7 


4.1 


420.6 


-35.6 


190.5 


109.4 


174.1 


June 


299.8 


42.8 


17.1 


17.0 


23.3 


6.3 


406.3 


9.7 


184.2 


110.2 


167.2 


July 


286.5 


47.1 


17.6 


16.0 


31.2 


6.7 


405.4 


-7.1 


182.6 


109.5 


166.8 


Aug. 


244.7 


38.4 


14.7 


15.1 


26.5 


5.8 


345.2 


1.7 


156.2 


109.9 


142.1 


Sept. 


268.0 


34.3 


16.9 


16.0 


25.3 


7.0 


367.5 


-23.7 


165.7 


110.8 


149.5 


Oct. 


258.3 


36.8 


18.5 


17.1 


22.2 


5.4 


358.3 


-10.5 


161.6 


110.5f 


146.2f 


Nov. 


244.5f 


38.9f 


17.1 


20.3 


24.9 


5.7 


351.4 


3.8 


159.5 


109.9 


145.1 


Dec. 


249.1 


37.9 










338.4f 


22.5f 








1954-Jan.* 


204.5 


28.8 










281.9 


-16.5 









Commencing April 1, 1949, external trade of Newfoundland is included 

and Canadian trade with Newfoundland, formerly in the "All Other" 

category, disappears. 

Includes exports of foreign produce. Prior to 1947 wheat exports are based 

on Board of Grain Commissioners' data rather than Customs' clearances. 

Excludes defence equipment transferred by Canada to North Atlantic 

Treaty countries which in 1950, 1951, 1952 and 1953 amounted to 56.8, 

109.1, 100.9 and 182.0* million dollars respectively. 

Consists of U.K. Dependencies, Union of South Africa, Eire, India, 



Pakistan, Burma, Australia, New Zealand, Iceland, Jordan, Libya, Ceylon 
and Iraq. 

4. Excludes Spain, but includes Greece and Turkey. 

5. Excludes exports of foreign produce. Price indexes are based largely on 
unit values derived from the Customs' entries. Price indexes prior to 
1948 are converted from 1935-39= 100. 

* Preliminary, 
t Revised. 



33 FEBRUARY 1954 

DOMESTIC EXPORTS: COMMODITY CLASSIFICATION BY DESTINATION 1 2 

Millions of Dollars Compiled from "Trade of Canada", Dominion Bureau of Statistics 



Destination and Calendar Years 


Wheat & 
Flour 


Other 
Farm 


Fish & 

Fish 
Products 


News- 
print 


Wood- 
pulp 


Other 
Forest 


Metals 

& 
Minerals 


Chemicals 

& 
Fertilizers 


Manufactured 

& 
Miscellaneous 


Total 


United States 






















1948 


7 


248 


62 


343 


185 


222 


245 


39 


150 


1,501 


1949 


18 


241 


65 


392 


142 


171 


274 


40 


160 


1,503 


1950 


29 


273 


81 


465 


191 


353 


388 


57 


184 


2,021 


1951 


67 


315 


85 


501 


277 


326 


420 


66 


240 


2,297 


1952 


73 


226 


88 


536 


225 


312 


487 


73 


287 


2,307 


1953 


24 


271 


83 


565 


202 


317 


556 


83 


318 


2,419 


United Kingdom 






















1948 


258 


148 


2 


5 


21 


71 


153 


6 


23 


687 


1949 


327 


77 


8 


9 


19 


55 


170 


4 


35 


705 


1950 


215 


61 


5 


2 


13 


25 


133 


5 


10 


469 


1951 


202 


47 


8 


8 


38 


94 


210 


9 


16 


632 


1952 


229 


61 


1 


15 


35 


114 


267 


8 


16 


746 


1953 


240 


72 


5 


18 


28 


64 


209 


7 


22 


665 


Dependent Sterling Area 






















1948 


25 


21 


4 


2 


- 


7 


3 


2 


30 


92 


1949 


22 


16 


6 


2 


- 


4 


2 


1 


18 


71 


1950 


23 


8 


5 


1 


- 


3 


1 


1 


9 


51 


1951 


20 


11 


5 


2 


- 


8 


2 


2 


24 


74 


1952 


21 


10 


5 


2 


- 


5 


2 


1 


21 


67 


1953 


22 


10 


6 


1 


- 


4 


1 


2 


16 


62 


Independent Sterling Area 3 






















1948 


10 


9 


4 


14 


1 


26 


15 


6 


110 


195 


1949 


45 


6 


1 


16 


- 


21 


12 


6 


124 


231 


1950 


33 


3 


- 


7 


1 


16 


13 


5 


70 


148 


1951 


44 


5 


1 


11 


2 


29 


18 


4 


78 


192 


1952 


70 


5 


1 


18 


3 


23 


24 


3 


72 


219 


1953 


78 


4 


- 


12 


1 


20 


10 


2 


61 


188 


Western Europe & Colonies 4 






















1948 


37 


78 


10 


1 


2 


5 


53 


11 


118 


315 


1949 


64 


44 


8 


1 


6 


5 


53 


11 


59 


251 


1950 


53 


28 


15 


- 


2 


4 


51 


14 


31 


198 


1951 


129 


54 


11 


1 


24 


12 


72 


26 


34 


363 


1952 


181 


110 


9 


1 


15 


9 


82 


19 


40 


466 


1953 


150 


58 


8 


- 


7 


6 


68 


26 


40 


363 


Central and South America 






















1948 


9 


12 


6 


17 


2 


1 


16 


6 


59 


128 


1949 


21 


10 


10 


13 


1 


1 


13 


4 


58 


131 


1950 


30 


15 


11 


11 


1 


2 


15 


4 


61 


150 


1951 


36 


15 


12 


14 


8 


3 


28 


6 


94 


216 


1952 


53 


19 


12 


19 


7 


3 


32 


5 


131 


281 


1953 


46 


19 


10 


19 


1 


3 


20 


4 


84 


206 


All Other Countries 






















1948 


22 


26 


2 


5 


1 


6 


29 


9 


55 


155 


1949 


36 


11 


2 


2 


2 


3 


7 


11 


27 


101 


1950 


37 


9 


1 


2 


1 


2 


4 


7 


18 


81 


1951 


57 


16 


1 


3 


16 


5 


7 


7 


28 


140 


1952 


110 


46 


1 


3 


7 


1 


17 


6 


24 


215 


1953 


110 


33 


2 


5 


10 


1 


28 


4 


21 


214 


Total Exports 






















1948 


368 


542 


90 


387 


212 


338 


514 


79 


545 


3,075 


1949 


533 


405 


100 


435 


170 


260 


531 


77 


482 


2,993 


1950 


420 


397 


118 


488 


209 


405 


605 


93 


383 


3,118 


1951 


555 


463 


123 


540 


365 


477 


757 


120 


514 


3,914 


1952 


737 


477 


117 


594 


292 


467 


911 


115 


591 


4,301 


1953 


670 


467 


114 


620 


249 


415 


892 


128 


562 


4,117 



1. Commencing April 1, 1949. external trade of Newfoundland is included 
and Canadian trade with Newfoundland, formerly in the "All Other 
Countries" category, disappears. 

2. Excludes exports of foreign produce. 



3. Consists of Union of South Africa, Eire, India, Pakistan, Burma. Australia. 
New Zealand, Iceland, Ceylon, Iraq, Jordan and Libya. 

4. Excludes Spain, but includes Greece and Turkey. 



\rJ *\f /kyVJJ-Il^^V 



u v r a >m . l^** 



\ _j y / ix i^nrr r\ u 



" ' ^ ' v ^^ 



FEBRUARY 1954 



U.S.A. ECONOMIC STATISTICS 

U.S. Department of Commerce 



U.S. Dept. of Labor 



34 

Federal 

Reserve 









Govt. 
















Average 






Gross 
National 
Product 


Change in 

Business 

Inventories 


Expend- 
iture on 
National 
Security 


Savings 

as a 

Percentage 

of 


Total 
Personal 
Income 


Con- 
struction 


Unem- 
ployment 


Retail 
Sales 


Consumer 
Price 
Index 


Wholesale 

Prices: 
All Com- 
modities 


Hourly 
Earnings 
in Manu- 
facturing 


Total 
Industrial 
Production 








1 


Disposable 




3 




4 






5 


4 




Billions of Dollars 2 


Income 


Billions of $ 2 


Billions of $ 


Millions 


Billions of $ 


1947-49-100 


Dollars 


1947-49 = 100 


Annual Averages « 


























1929 


103.8 


1.6 




4.5 


85.1 


10.8 


1.6 


48.5 


73.3 


61.9 


.57 


59 


1933 


55.8 


-1.6 


* 


-2.7 


46.6 


2.9 


12.8 


24.5 


55.3 


42.8 


.44 


37 


1937 


90.2 


2.3 


* 


5.5 


74.0 


7.0 


7.7 


42.2 


61.4 


56.1 


.62 


61 


1946 


211.1 


6.1 


21.2 


7.6 


177.7 


12.0 


2.3 


102.5 


83.4 


78.8 


1.09 


90 


1950 


286.8 


7.5 


18.5 


5.5 


226.7 


28.8 


3.1 


143.7 


102.8 


103.1 


1.47 


112 


1951 


329.8 


10.9 


37.4 


7.5 


254.3 


30.9 


1.9 


158.2 


111.0 


114.8 


1.59 


120 


1952 


348.0 


3.7 


48.9 


7.2 


269.7 


32.6f 


1.7 


164.1 


113.5 


111.6 


1.67 


124 


1953 


367.2| 


2.5f 


51.8 


7.3 


284.5f 


34.8 


1.5 


170.8f 


114.4 


110.1 


1.76 


134 


Monthly 


























1952— Dec. 










280.6 


2.5 


1.4 


14.4 


114.1 


109.6 


1.73 


133 


1953— Jan. 


] 






( 


280.5 


2.4 


1.9 


14.1 


113.9 


109.9 


1.74 


134 


Feb. 


[363.9f 


3.7f 


51.6 


7.2 • 


281.0 


2.3 


1.8 


14.5 


113.4 


109.6 


1.74 


134 


Mar. 


1 








283.6 


2.5 


1.7 


14.4 


113.6 


110.0 


1.75 


135 


Apr. 


| 








282.7 


2.7 


1.6 


14.3 


113.7 


109.4 


1.75 


136 


Mav 


•371.4t 


6.3f 


53.5 


6.9 \ 


284.7 


2.9 


1.3 


14.4 


114.0 


109.8 


1.76 


137 


June 










286.3 


3.2 


1.6 


14.5 


114.5 


109.5 


1.76 


136 


July 










287.5 


3.3 


1.5 


14.5 


114.7 


110.9 


1.77 


137 


Aug. 


[ 369.5J 


3.1| 


52.1 


7.5 ■ 


287.0 


3.3 


1.2 


14.1 


115.0 


110.6 


1.77 


136 


Sent. 










286.3 


3.3 


1.2 


14.0 


115.2 


111.0 


1.78 


133 


Oct. 










287.2 


3.2 


1.2 


14.0 


115.4 


110.2 


1.78 


132 


Nov. 


I- 363.5f 


-3.0t 


50.0| 


7.7f ■ 


285.9 


3.0 


1.4 


14.lt 


115.0 


109.8 


1.78 


129 


Dec. 


. 






. 


284 .6f 


2.7 


1.9f 


13. 9f 


114.9 


110.1 


1.79 


127 


1954— Jan.** 










282.5 


2.4 


2.4 


13.8 


115.2 


110.8 


1.80 


125 



1. Includes stockpiling, atomic energy, and Mutual Defence Assistance in 
addition to strictly military programmes. 

2. Seasonally adjusted annual rates. 

3. Value of new work put in place. 

4. Seasonally adjusted. 

5. Production workers. 



Quarterly averages for first four columns. 

of "Construction" and "Retail Sales". 

Not available. 

Preliminary. 

Revised. 



Calendar year totals in the case 



VALUE OF SELECTED CANADIAN EXPORTS 



WHEAT AND FLOUR 



OTHER GRAINS 

AND GRAIN PRODUCTS 



PLANKS AND BOARDS 



PULPWOOD AND WOODPULP 




YEAR_I952 
YEAR 1953 1 



NEWSPRINT 



ALUMINUM AND PRODUCTS 



COPPER AND PRODUCTS 



NICKEL AND PRODUCTS 



LEAD AND ZINC 
AND PRODUCTS 



FARM IMPLEMENTS 



AUTOS. TRUCKS AND PARTS 




ALL OTHER 



200 



400 600 

MILLIONS OF DOLLARS 



800 



1000 



35 



FEBRUARY 1954 



FEBRUARY 1954 



36 



MERCHANDISE IMPORTS: COMMODITY CLASSIFICATION 

Compiled from "Trade of Canada", Dominion Bureau of Statistics 



Millions of Dollars 






















\1JAI.IUU 


mg ooia; 






















Millions of Dollars 








Grains 














Hides 


Other 


Cotton 




Wool 


















Fruits 
and 
Nuts 


Vegetables 


and 

Milled 

Products 

(incl. rice) 


Sugar 

and 

Products 


Tea 

and 
Coffee 


Alcoholic 
Beverages 


Vegetable 
Oils 
(non- 
edible) 


Rubber 
(incl. syn- 
thetic) 


Furs 


and 
Leather 
(unmfd. 
and mfd.) 


Vegetable 

and 

Animal 

Products 






Silk 

(raw and 

mfd.) 






Artificial 

Silk 


Flax, Hemp 
and Jute 


Other 
Textiles 


Paper 


Books and 
Printed 
Matter 


Other Wood 
and Wood 
Products 






Raw and 
Unmfd. 


Mfd. 


Raw and 
Unmfd. 


Mfd. 




Calendar Years 
1926 


34 


6 


17 


38 


19 


28 


11 


30 


13 


18 


49 


24 


33 


30 


10 


39 


6 


16 


28 


11 


13 


22 


Calendar Years 
1926 


1929 


39 


11 


26 


28 


18 


47 


12 


23 


15 


20 


64 


28 


34 


29 


10 


40 


13 


15 


30 


15 


18 


30 


1929 


1933 


18 


- 4 


5 


16 


10 


14 


6 


5 


4 


7 


19 


12 


13 


7 


7 


11 


3 


7 


10 


5 


8 


5 


1933 


1937 


29 


6 


18 


21 


14 


8 


16 


19 


8 


12 


27 


21 


20 


8 


16 


19 


4 


11 


16 


8 


14 


12 


1937 


1947 


100 


25 


36 


57 


35 


14 


23 


29 


22 


26 


76 


61 


119 


7 


30 


54 


34 


38 


46 


23 


32 


35 


1947 


1948 


91 


8 


31 


72 


42 


16 


19 


32 


25 


19 


83 


57 


78 


4 


48 


67 


30 


27 


39 


17 


31 


25 


1948 


1949 2 


96 


19 


26 


71 


50 


22 


21 


29 


20 


25 


74 


67 


73 


6 


37 


63 


30 


20 


37 


20 


36 


30 


1949 2 


1950 


113 


25 


39 


87 


71 


17 


31 


49 


22 


28 


89 


91 


67 


8 


55 


52 


21 


26 


45 


23 


42 


34 


1950 


1951 


118 


31 


46 


86 


71 


18 


35 


85 


22 


31 


126 


97 


87 


8 


95 


68 


35 


31 


64 


35 


51 


51 


1951 


1952 


121 


46 


38 


71 


72 


21 


20 


52 


24 


21 


90 


68 


82 


7 


29 


53 


40 


24 


58 


30 


57 


48 


1952 


12-Mths. ending 
Nov. 1953 


128 


37 


33 


60 


79 


20 


23 


51 


22 


26 


90 


61 


91 


7 


43 


73 


48 


22 


50 


39 


67 


54 


12-Mths. ending 
Nov. 1953 


Monthly 
1952— Aug. 


11.4 


.8 


1.8 


5.0 


5.1 


1.7 


1.6 


4.1 


2.1 


2.0 


5.4 


2.2 


6.0 


.5 


3.4 


5.1 


3.5 


1.0 


3.6 


2.2 


4.2 


4.1 


Monthly 
Aug.— 1952 
Sept. 


Sept. ■ 


11.7 


.8 


2.3 


8.0 


6.1 


2.3 


1.4 


4.4 


1.8 


2.0 


6.7 


4.5 


6.7 


.7 


2.4 


4.6 


4.0 


2.0 


4.3 


2.4 


5.1 


4.8 


Oct. 


10.1 


2.0 


4.1 


10.8 


6.2 


2.0 


1.1 


4.2 


2.3 


2.1 


6.7 


6.1 


8.3 


.7 


2.2 


5.1 


4.5 


2.5 


4.7 


3.1 


5.8 


4.9 


Oct. 


Nov. 


10.7 


2.5 


5.9 


8.8 


7.0 


1.9 


2.3 


3.5 


1.4 


2.0 


7.3 


7.3 


7.8 


.6 


2.0 


5.2 


5.3 


3.3 


4.8 


2.7 


5.3 


4.5 


Nov. 


Dec. 


11.3 


3.1 


5.7 


3.4 


6.1 


2.6 


1.5 


4.3 


2.4 


1.9 


6.3 


8.1 


7.9 


.6 


2.4 


4.8 


4.1 


1.3 


3.7 


2.9 


5.1 


4.3 


Dec. 


1953— Jan. 


7.0 


2.9 


1.9 


1.1 


6.0 


1.6 


2.2 


4.1 


4.7 


2.1 


5.7 


7.2 


9.1 


.7 


4.0 


6.1 


4.5 


1.8 


4.7 


2.6 


5.0 


3.8 


Jan.-1953 


Feb. 


7.4 


2.7 


1.6 


2.5 


5.7 


1.1 


1.8 


4.2 


2.8 


2.2 


6.9 


7.3 


9.4 


.6 


3.3 


5.5 


4.5 


1.4 


4.3 


2.6 


4.9 


4.2 


Feb. 


Mar. 


8.2 


3.7 


2.2 


3.2 


8.3 


1.4 


2.8 


4.3 


1.8 


2.6 


6.8 


5.8 


9.9 


.6 


3.9 


6.2 


4.9 


1.3 


4.7 


3.2 


5.7 


4.7 


Mar. 


Apr. 


10.2 


4.7 


1.8 


4.4 


7.3 


1.5 


2.0 


4.4 


2.1 


2.3 


8.0 


5.2 


9.1 


.5 


5.2 


6.2 


4.7 


1.8 


5.1 


3.5 


6.3 


4.6 


Apr. 


May 


12.0 


5.2 


2.8 


5.8 


7.4 


1.5 


2.2 


4.8 


1.4 


2.1 


9.0 


5.0 


7.9 


.5 


5.8 


6.0 


4.0 


2.2 


4.3 


3.4 


6.6 


4.6 


May 


June 


11.6 


5.2 


1.9 


6.4 


5.3 


1.5 


2.2 


4.5 


1.3 


1.9 


7.5 


3.7 


6.8 


.5 


4.2 


5.8 


3.7 


2.0 


3.9 


3.3 


5.1 


4.1 


June 


July 


14.3 


3.3 


3.1 


5.2 


5.6 


1.4 


1.1 


4.1 


1.2 


1.9 


8.3 


4.1 


6.3 


.5 


4.1 


7.5 


3.3 


1.8 


3.9 


3.2 


5.0 


4.9 


July 


Aug. 


11.0 


.9 


2.2 


6.4 


5.7 


1.3 


1.3 


3.9 


1.0 


2.4 


6.4 


3.1 


5.8 


.5 


3.2 


7.1 


3.9 


1.9 


3.6 


3.2 


5.0 


4.2 


Aug. 


Sept. 


12.6 


1.0 


2.3 


7.0 


6.7 


1.7 


1.1 


4.7 


1.0 


2.1 


8.1 


2.9 


6.5 


.5 


2.6 


5.9 


3.7 


1.4 


4.0 


3.4 


6.3 


4.5 


Sept. 


Oct. 


10.0 


2.0 


4.6 


8.1 


7.1 


2.1 


1.9 


4.2 


1.6 


2.3 


7.7 


3.4 


6.2 


.5 


2.2 


6.1 


3.3 


2.0 


4.0 


3.7 


6.8 


5.0 


Oct. 


Nov. 


11.9 


2.8 


3.3 


6.4 


7.7 


2.7 


2.5 


3.7 


.8 


2.1 


8.8 


5.1 


6.4 


.5 


2.1 


5.5 


3.3 


3.0 


4.1 


3.6 


5.5 


4.6 


Nov. 





Chemicals 




Pigs. Ingots 


Bars and 


Sheets, 


Structural 


Castings 


Engines, 


Farm 


Machinery 


Motor 


Other 




Tin 




Other 


Coal 


Petroleum 




Other 


All 








and 


Iron 


Blooms 


Rods incl. 


Plates, 


Iron and 


Loco- 


Implements 


(except 


Vehicles 


Iron 


Bauxite 




Electrical 


Non-ferrous 




and 


Glass 


Non- 


Other 


Total 






Allied 
Products 


Ore 


and 
Billets 


Rails 


Hoop. Band 
and Strip 


Steel 


Forgings 


motives 
and Boilers 


and 
Machinery 


agri- 
cultural) 


and 
Parts 


and 
Steel 


Ore 


Products 


Apparatus 


Metals 


Products 


Products 




metallic 
Minerals 


Imports 


Imports 




Calendar Years 














































Calendar Years 


1926 


31 


3 


2 


10 


30 


8 


5 


14 


18 


39 


52 


40 


_ 


3 


17 


31 


67 


52 


9 


25 


59 


1,008 


1926 


1929 


40 


5 


3 


12 


37 


15 


6 


18 


32 


70 


85 


60 


3 


3 


37 


48 


64 


77 


n 


35 


75 


1,299 


1929 


1933 


24 


- 


- 


1 


13 


1 


1 


5 


2 


12 


12 


12 


2 


1 


5 


10 


31 


31 


4 


12 


26 


401 


1933 


1937 


37 


5 


1 


5 


37 


4 


3 


11 


17 


46 


49 


33 


4 


3 


16 


25 


42 


59 


9 


27 


48 


809 


1937 


1947 


113 


13 


2 


12 


48 


18 


9 


44 


105 


206 


178 


127 


9 


7 


69 


77 


154 


207 


29 


63 


163 


2,574 


1947 


1948 


118 


16 


6 


12 


54 


18 


10 


50 


140 


217 


132 


128 


10 


8 


62 


76 


206 


301 


26 


73 


116 


2,637 


1948 


1949 2 


131 


12 


6 


13 


67 


18 


13 


59 


177 


216 


167 


143 


10 


8 


70 


87 


157 


274 


25 


79 


158 


2,761 


1949 2 


1950 


158 


17 


5 


11 


66 


16 


10 


55 


162 


226 


250 


163 


10 


10 


83 


113 


190 


307 


28 


86 


172 


3,174 


1950 


1951 


192 


23 


16 


26 


108 


39 


14 


88 


195 


329 


271 


224 


15 


20 


120 


136 


190 


353 


32 


109 


297 


4,085 


1951 


1952 


188 


27 


17 


23 


84 


36 


13 


136 


197 


361 


258 


255 


13 


11 


140 


134 


168 


341 


27 


105 


429 


4,031 


1952 


12-Mths. ending 














































12-Mths. ending 


Nov. 1953 


221 


29 


7 


17 


79 


29 


13 


116 


215 


396 


322 


312 


17 


9 


195 


■ 142 


155 


357 


37 


110 


488 


4,390 


Nov. 1953 


Monthly 














































Monthly 


1952— Aug. 


13.8 


2.1 


.8 


1.3 


3.7 


1.8 


1.0 


11.8 


14.4 


26.1 


14.7 


20.0 


2.0 


1.2 


10.2 


9.2 


13.6 


28.4 


1.9 


10.1 


38.1 


302.9 


Aug.— 1952 


Sept. 


15.8 


5.8 


1.0 


1.7 


7.0 


2.5 


1.1 


11.4 


11.2 


28.8 


22.9 


23.1 


1.6 


.6 


13.5 


10.3 


17.4 


34.3 


2.2 


10.8 


36.8 


349.1 


Sept. 


Oct. 


18.0 


6.2 


1.4 


1.8 


7.4 


3.0 


1.2 


9.3 


10.5 


32.7 


22.8 


26.6 


1.3 


.5 


14.7 


13.6 


18.3 


30.5 


2.8 


10.8 


43.2 


376.4 


Oct. 


Nov. 


17.7 


4.2 


3.0 


1.8 


6.4 


2.5 


1.3 


8.9 


11.2 


31.0 


17.6 


24.6 


1.1 


1.2 


13.8 


14.2 


15.8 


31.4 


2.9 


9.3 


41.5 


363.4 


Nov. 


Dec. 


16.6 


1.5 


2.2 


1.4 


6.6 


1.8 


1.1 


8.7 


14.2 


30.6 


20.4 


24.4 


1.1 


.6 


14.1 


12.4 


10.6 


32.5 


2.7 


7.7 


40.3 


345.1 


Dec. 


1953— Jan. 


17.3 


.2 


.7 


1.7 


6.0 


1.8 


.8 


10.3 


16.1 


30.7 


24.3 j 


22.1 


.5 


.6 


16.1 


9.1 


8.9 


27.8 


2.4 


6.3 


35.3 


327.8 


Jan.— 1953 


Feb. 


16.1 


.2 


.5 


1.2 


6.0 


1.8 


1.0 


9.1 


17.7 


29.0 


24.7 ' 


20.5 


.2 


.3 


14.1 


7.9 


10.0 


23.8 


2.6 


7.1 


29.5 


310.0 


Feb. 


Mar. 


18.4 


- 


.9 


1.3 


6.4 


1.8 


.9 


10.5 


22.2 


35.9 


32.6 


24.9 


.4 


1.0 


15.9 


11.2 


8.7 


25.3 


3.3 


7.8 


34.6 


360.1 


Mar. 


Apr. 


20.0 


.1 


1.0 


1.4 


7.3 


2.2 


1.1 


11.0 


24.3 


36.8 


37.3 


27.7 


.3 ■ 


1.9 


17.3 


11.0 


9.8 


24.4 


3.4 


8.4 


44.2 


391.8 


Apr. 


May 


20.4 


3.0 


.4 


1.4 


7.4 


2.4 


1.1 


10.7 


25.5 


36.0 


39.5 


30.3 


2.3 


.5 


18.5 


12.2 


14.6 


28.5 


3.3 


10.2 


48.3 


420.6 


May 


June 


19.4 


4.1 


.5 


1.3 


7.0 


2.7 


1.1 


11.0 


23.4 


37,5 


36.8 


33.7 


1.9 


1.1 


15.9 


11.6 


15.8 


31.6 


3.3 


9.6 


44.5 


406.3 


June 


July 


18.9 


5.6 


.4 


1.8 


6.3 


2.9 


1.1 


10.7 


25.4 


36.6 


30.4 


28.8 


2.2 


.5 


15.9 


14.0 


15.7 


34.5 


2.9 


11.5 


45.1 


405.4 


July 
Aug. 
Sept. 
Oct. 
Nov. 


Aug. 


17.0 


5.9 


.2 


1.2 


5.4 


2.8 


1.0 


6.9 


17.4 


28.0 


19.8 


26.1 


2.0 


.6 


15.2 


10.5 


14.0 


32.0 


2.9 


10.9 


41.5 


345.2 


Sept. 


19.9 


4.5 


.3 


1.5 


5.9 


2.5 


1.0 


9.8 


12.6 


31.6 


21.4 


24.6 


2.1 


.3 


18.1 


13.7 


15.2 


34.1 


3.3 


10.1 


45.2 


367.5 


Oct. 


19.0 


2.9 


.1 


1.5 


6.7 


2.7 


1.3 


8.4 


9.4 


31.7 


17.0 


24.7 


1.8 


.7 


17.6 


14.2 


16.6 


31.1 


3.4 


10.4 


42.3 


358.3 


Nov. 


18.6 


1.5 


.2 


1.3 


7.8 


3.2 


1.3 


9.5 


6.8 


31.4 


17.6 


24.2 


1.9 


.8 


16.5 


14.5 


15.0 


31.4 


3.4 


10.7 


37.3 


351.4 



1. Before 1935 import totals are substantially over-valued owing to inclusion of U.K. excise taxes on spirits imported from that country. 2. Includes imports from Newfoundland until March 31 and imports into Newfoundland from other countries thereafter. 



CUMULATIVE TABLE OF CONTENTS 
1954 

Page Number 
Monthly Tables Appearance 

Bank of Canada: Liabilities and Assets 19-20 

Chartered Banks: Liabilities and Assets 19-20 

General Public Holdings of Certain Liquid Assets: 

Currency, Bank Deposits and Government of Canada 

Securities 21 -22 

Government Bond Yields and Treasury Bill Rates 24 

Foreign Exchange Rates 25 

Official Holdings of Gold and U.S. Dollars 25 

Price Indexes 26 

Employment and Labour Income 26 

Labour Force Status of the Population 28 

Volume of Industrial Production 30 

External Trade and Trade Indexes 32 

U.S.A. Economic Statistics 34 

Quarterly Tables 

Chartered Banks: Estimated Quarterly Classification of Loans 

in Canada 7 

General Public Holdings of Certain Liquid Assets: 

Approximate Division between Non-Resident, Resident 

Corporate and Resident Non-Corporate Holdings . . . 23-24 

Bond Issues and Retirements 8 

Canadian Gold Statistics 11 

Merchandise Exports: Commodity Classification by Volume . . 17 

Merchandise Imports: Commodity Classification by Volume . . 18 

Merchandise Imports: Commodity Classification by Value . . 35-36 

Other Tables 

Bonds Outstanding 9 

Estimates of Labour Income 14 

National Accounts: Yearly 27 

Capital Expenditures on New Construction, Machinery and 

Equipment 29 

Mineral Production 31 

Domestic Exports: Commodity Classification by Destination . 33 



UNIVERSITY Off ; 

I 

BANK OF CANADA 

STATISTICAL SUMMARY 

A Cumulative Table of Contents for 1954 appears on the back cover 

TABLES 

Bank of Canada: Liabilities and Assets 37-38 

Chartered Banks: Liabilities and Assets 37-38 

General Public Holdings of Certain Liquid Assets: Currency, 

Bank Deposits and Government of Canada Securities . . 39-40 

Government Bond Yields: Canada, U.S.A. and UK 41 

Government Bond Yields and Treasury Bill Rates 42 

Foreign Exchange Rates 43 

Official Holdings of Gold and U.S. Dollars 43 

Consumer Credit Outstanding 44 

Price Indexes 45 

Labour Force Status of the Population 45 

Employment and Labour Income 46 

Volume of Industrial Production 47 

Selected Housing Statistics 48 

Public Finance: Government of Canada: 

Budgetary Statement 49 

Overall Financial Statement 50 

National Accounts: Quarterly 52-53 

Selected Agricultural Statistics: Quarterly 55-56 

New Passenger Automobile Statistics 57 

International Securities Transactions: Quarterly 57 

Canadian Balance of International Payments: Quarterly ... 58 

U.S.A. Economic Statistics 59 

External Trade and Trade Indexes 60 

Merchandise Exports: Commodity Classification by Value . . 61-62 

CHARTS 

Chartered Banks: Canadian Deposits, Canadian Loans and 
Non-Government of Canada Securities, and Government 

of Canada Securities 41 

Yields of Government Bonds: Canada, U.S.A. and U.K. . . . 42 

United States Dollar in Canadian Funds 43 

Consumer Credit Outstanding 44 

Selected Employment Indexes 46 

Indexes of Industrial Production 47 

New Permanent Dwellings Completed 48 

Distribution of Total Tax Collections 51 

Budgetary Expenditures by Classes 51 

Components of Gross National Expenditure 54 

Components of Total Investment 54 

Value of Imports from the U.S.A 59 

Tables and Charts may be reproduced or referred to provided that the Bank of Canada 

Statistical Summary, with its date, is specifically quoted as the source. Subscription: 25c per 

copy, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa. 



MARCH 1954 




37 

Millions of Dollars 



MARCH 1954 

BANK OF 



MARCH 1954 

CANADA 



38 

Millions of Dollars 



As at Dec. 31 ! 
1935 
1937 
1939 

1946 
1947 
1948 
1949 
1950 
1951 
1952 
1953 
End of 
1953— Jan. 

Feb. 

Mar." 

Apr. 

May 

June 

July 
Aug. 
Sept. 
Oct. 

Nov. 
Dec. 2 

1954— Jan. 
Feb. 



LIABILITIES 



ASSETS 



Chartered Bank Cash 



Notes 
in Tills 



40.6 
53.9 
70.6 

176.9 
183.9 
190.8 
211.8 
231.3 
273.1 
272.5 
263.8 

213.4 
191.5 
232.3 
232.7 
210.4 
239.0 

214.2 
247.7 
262.0 
211.2 
256.2 
263.8 

225.8 
201.6 



Deposits 

at 
B. of C. 



181.6 
196.0 
217.0 

565.5 
536.2 
547.3 
541.7 
578.6 
619.0 
626.6 
623.9 

603.1 
668.0 
601.1 
646.7 
594.9 
647.6 

646.6 
617.8 
616.9 
733.6 
625.6 
623.9 

634.4 
676.6 



Total 



222.2 
249.9 
287.6 

742.3 
720.1 
738.1 
753.5 
809.9 
892.1 
899.1 
887.7 

816.5 
859.5 
833.4 
879.3 
805.4 
886.7 

860.8 
865.5 
878.9 
944.8 
881.8 
887.7 

860.2 
878.2 



Govt, of 
Canada 
Deposits 



17.9 
11.1 
46.3 

60.5 
68.8 
98.1 
30.7 
24.7 
94.9 
16.2 
51.5 

40.5 
88.6 
60.6 
48.3 
45.6 
47.9 

43.8 

66.4 

15.4 

3.8 

50.3 
51.5 



126.1 



Other 
Deposits 



3.5 

17.9 

93.8 

67.5 
81.0 
126.9 
207.1 
66.1 
44.5 
29.5 

47.6 
51.4 
66.5 
76.8 
72.1 
82.6 

68.7 
35.2 
37.8 
37.2 
43.4 
29.5 

29.5 

34.4 



Foreign 
Currency 
Deposits 



1.0 
2.0 

.4 
79.6 
133.6 
155.6 
82.9 



70.2 
77.4 
71.0 
73.4 
64.8 
72.0 



73.3 
74.9 
76.0 
67.2 
63.8 

71.3 
62.7 



Active 

B. of C. 

Note 

Circulation 



59.1 
111.4 
162.2 

1,009.3 
1,027.5 
1,098.3 
1,095.6 
1,136.1 
1,191.1 
1,288.7 
1,335.3 

1,266.2 
1,281.3 
1,261.1 
1,272.1 
1,307.5 
1,290.0 

1,333.0 
1,302.0 
1,290.5 
1,344.7 
1,303.1 
1,335.3 

1,293.4 
1,304.6 



All 

Other 

Accounts 



7.7 
14.4 
13.3 

41.7 
40.4 
42.7 
39.5 
39.0 
44.4 
50.0 
69.3 

60.0 
31.8 
34.1 
37.2 
50.1 
44.9 

65.4 
53.1 
63.0 
64.8 
78.5 
69.3 

70.3 
39.3 



Total 
Liabilities 



Assets 



Gold 



307.7 
390.3 
527.2 

1,948.6 
1,926.2 
2,058.6 
2,125.9 
2,350.3 
2,444.1 
2,381.4 
2,437.2 

2,300.9 
2,390.1 
2,326.7 
2,387.2 
2,345.4 
2,424.2 

2,452.6 
2,395.4 
2,360.5 
2,471.3 
2,424.3 
2,437.2 

2,373.5 
2,445.3 



180.5 
179.8 
225.7 

* 



Silver 



1.6 
3.0 



Foreign 

Exchange 



4.2 
14.9 
64.3 

1.0 
2.0 
.5 
74.2 
111.7 
117.9 
77.2 
55.1 

64.4 
72.1 
65.7 
68.1 
59.4 
66.5 

75.0 

67.5 
69.1 
70.7 
61.4 
55.1 

61.7 
53.2 



Securities 



Govt, of Canada 
and Provincial 



Under 2 yrs. 



30.9 
82.3 
181.9 

1,197.4 
1,022.0 
1,233.7 
1,781.4 
1,229.3 
1,141.8 
1,459.8 
1,376.6 

1,351.2 
1,411.9 
1,371.0 
1,436.6 
1,364.8 
1,405.5 

1,451.6 
1,414.0 
1,385.7 
1,469.9 
1,378.6 
1,376.6 

1,328.3 
1,374.8 



Over 2 yrs. 



83.4 
91.6 
49.9 

708.2 
858.5 
779.1 
227.8 
712.5 
1,049.3 
767.2 
893.7 

803.0 
817.5 
810.9 
796.0 
821.4 
852.0 

838.5 
830.9 
824.9 
812.1 



900.i 



Ind. Dev 

Bank 
Cap. Stock 



15.0 
25.0 
25.0 
25.0 
25.0 
25.0 
25.0 
25.0 

25.0 
25.0 
25.0 
25.0 
25.0 
25.0 

25.0 
25.0 
25.0 
25.0 
25.0 
25.0 

25.0 
25.0 



Other 
Securities 



12.2 



5.5 

247.9 

89.0 

13.0 

23.4 

13.4 
14.2 
14.5 
15.0 
15.5 
15.5 

15.7 
15.8 
16.1 
36.4 
17.1 
23.4 

23.4 

23.4 



Total 



114.3 
186.1 
231.8 

1,920.6 
1,905.6 
2,037.7 
2,039.7 
2,214.7 
2,305.1 
2,265.0 
2,318.6 

2,192.6 
2,268.6 
2,221.3 
2,272.7 
2,226.7 
2,298.1 

2,330.8 
2,285.8 
2,251.7 
2,343.5 
2,315.5 
2,318.6 

2,257.2 
2,324.0 



Advances 



3.5 



1.5 



10.0 
10.0 



All 

Other 

Accounts 



3.5 
6.5 
5.5 

27.1 
18.7 
20.4 
12.0 
24.0 
21.0 
39.2 
63.5 

43.8 

49.5 
39.8 
46.4 
59.3 
59.5 

46.7 
42.1 
39.8 
57.1 
45.9 
63.5 

44.6 
58.1 



As at Dec. 31 
1935 
1937 
1939 

1946 
1947 
1948 
1949 
1950 
1951 
1952 
1953 
End of 

Jan.— 1953 

Feb. 

Mar. 

Apr. 

May 

June 

July 
Aug. 
Sept. 
Oct. 
Nov. 
Dec. 

Jan.— 1954 
Feb. 



1. Includes foreign exchange items for foreign clients and also the Government of Canada and, commencing March 31, 1949, the Exchange Fund Account. 
minimum gold reserves requirement has been in suspense. 



Millions of Dollars 



CHARTER 

Bank of 



the transfer of Bank of Canada profits for the year ending December 31 from "All Other Accounts" to "Government of Canada Deposits". * Since May 1940 the 

ED BANKS 

Canada Millions of Dollars 



As at Dec. 31 
1926 
1929 
1933 
1937 
1947 
1949 
1950 
1951 
1952 
1953 
End of 
1953— Jan. 

Feb. 

Mar. 

Apr. 

May 

June 

July 

Aug. 
Sept. 
Oct. 
Nov. 
Dec. 

1954— Jan. 
Feb. 



LIABILITIES 



Notes 



175 

175 

132 

102 

18 

14 

-6 



Deposits 



Public 
Demand 



609 

729 

502 

699 

2,296 

2,426 

2,770 

2,963 

3,242 

3,180 

2,974 
2,949 
2,936 
3,115 
3,040 
3,143 

3,049 
3,139 
3,150 
3,152 
3,150 
3,180 

2,957 
2,900 



Notice 



Govt, of 

Canada 

and Prov. 



1,373 

1,434 
1,357 
1,583 
3,740 
4,433 
4,558 
4,612 
4,924 
5,034 

4,945 
5,008 
5,067 
5,107 
5,100 
5,126 

5,152 
5,206 
5,226 
5,148 
5,068 
5,034 

5,093 
5,162 



31 

92 

61 

53 

376 

367 

500 

322 

255 

667 

270 
352 
455 
419 
346 
365 

295 
306 
316 

444 
701 
667 

722 

781 



Canadian 
Deposits 



2,025 
2,270 
1,933 
2,387 
6,473 
7,348 
7,997 
8,088 
8,623 
9,122 

8,357 
8,471 
8,618 
8,827 
8,681 
8,852 



8,815 
8,884 
8,952 
9,142 
9,122 



9,033 



Foreign 



Total 
Deposits 



334 
442 
322 
409 
824 
730 
735 
795 
865 
938 

845 
876 
886 
915 
908 
904 



872 
879 
883 
900 
938 

952 
923 



2,410 
2,820 
2,294 
2,819 
7,406 
8,177 
8,867 
9,003 
9,570 
10,140 

9,275 
9,437 
9,586 
9,815 
9,656 
9,822 

9,640 
9,755 
9,834 
9,919 
10,130 
10,140 

10,004 
10,037 



ASSETS 



Cash 

in 

Canada 



228 
228 
196 
250 
720 
753 
810 
892 
899 



817 
860 
833 
879 
805 
887 



879 
945 
882 



878 



Securities 



Govt, of 
Canada 



Prov- 
incial 



304 

297 

651 

1,111 

3,116 

3,112 

3,079 

2,754 

2,784 

2,760 

2,863 
2,940 
3,024 
3,038 
2,915 
2,854 

2,787 
2,813 
2,843 
2,726 
2,730 
2,760 

2,853 
2,851 



445 
416 
355 
379 
334 

330 
322 
308 
309 
320 
310 

297 
299 
301 
319 
329 
334 

312 

289 



Foreign 
Govt. 



Other 



Total 



180 
151 
210 



59 
271 
242 
193 
200 
255 
236 

266 
250 
236 
248 
252 
254 

257 
243 
251 
228 
223 
236 

276 
239 



242 
487 
545 
599 
567 
537 
501 

522 
529 
514 
540 
537 
537 

532 
531 
522 
517 
506 
501 

504 
506 



1. Estimated month-end deposits payable in Canadian currency. 2. Includes inter-bank denoiits * tTt,,;i M a ^t, io-h: r~iA j ,~ ■ '. ~ j ~ T~. 

end Canadian deposits in 1926-35 arid monthly average deposits in 1936 and after 5 Bank of Canada notes fn DmbMr Hrinf a ,',vS i n H ^ ,M°r' n m Ca , n , a ^ a 'v. Do . m "5 
January 1950; liability for outstanding notes issued for circulation in Canada t^ B !enJtoB^otcSaL^gJ P £^195^ JanUary ' 9S ° chartered 



484 
448 
861 
1,411 
3,874 
4,345 
4,286 
3,876 
3,955 
3,831 

3,981 
4,042 
4,082 
4,135 
4,024 
3,956 

3,872 
3,886 
3,918 
3,789 
3,789 
3,831 

3,944 
3,885 



Loans 



151 
262 
106 
76 
105 
133 
134 
107 
155 
154 

135 
141 
140 
152 
138 
123 

125 
135 
110 

144 
152 
154 

143 
197 



970 
1,403 
898 
749 
1,921 
2,174 
2,651 
2,901 
3,188 
3,790 

3,178 
3,181 
3,262 
3,372 
3,402 
3,469 

3,543 
3,621 
3,648 
3,718 
3,856 
3,790 

3,814 
3,825 



85 
122 
138 
113 
78 
97 
125 
127 
101 
107 

115 
120 
132 
136 
124 
107 

106 
111 
124 
120 
120 
107 

115 
127 



273 

245 

90 

60 

56 

70 

100 

131 

170 

272 

158 
186 
147 
178 
168 
179 

177 
195 
173 
208 
254 
272 

245 
248 



270 
251 
138 
166 
234 
211 
247 
278 
264 



265 
274 
270 
273 
270 

254 
251 
251 
259 
260 



275 
271 



Total 

Assets 



2,940 
3,521 
2,816 
3,281 
7,974 
8,718 
9,496 
9,610 
10,157 
10,722 

9,872 
10,034 
10,182 
10,416 
10,242 
10,398 

10,210 
10,318 
10,398 
10,506 
10,720 
10,722 

10,604 
10,634 



DAILY AVERAGE DATA 




Cash 


Canadian 


Percent 
of Cash to 


Total 

Active 

Note 

Circulation 

5 




Canada 

3 


Deposits 

4 


Canadian 
Deposits 












Aver, of Daily Figure* 


192 


1,958 


9.8 


195 


1926 


191 


2,293 


8.3 


205 


1929 


189 


1,941 


9.8 


157 


1933 


240 


2,357 


10.2 


200 


1937 


670 


6,209 


10.8 


1,013 


1947 


746 


7,178 


10.4 


1,087 


1949 


755 


7,487 


10.1 


1,085 


1950 


791 


7,759 


10.2 


1,132 


1951 


845 


8,110 


10.4 


1,207 


1952 


883 


8,624 


10.2 


1,275 


1953 


906 


8,426 


10.8 


1,230 


Jan.— 1953 


889 


8,296 


10.7 


1,232 


Feb. 


883 


8,407 


10.5 


1,245 


Mar. 


869 


8,618 


10.1 


1,257 


Apr. 


880 


8,699 


10.1 


1,269 


May 


865 


8,529 


10.1 


1,268 


June 


875 


8,685 


10.1 


1,286 


July 


874 


8,669 


10.1 


1,295 


Aug. 


878 


8,651 


10.1 


1,294 


Sept. 


889 


8,787 


10.1 


1,304 


Oct. 


892 


8,935 


10.0 


1,299 


Nov. 


896 


8,787 


10.2 


1,318 


Dec. 


917 


8,871 


10.3 


1,264 


Jan.— 1954 


894 


8,945 


10.0 


1,257 


Feb. 



on Notes and "Free" Central Gold Reserve Deposits; after that date. Bank of Canada Notes and Deposits. 4. Figures given are averages of estimated. month- 
Lnknotf circulation the latS being 7fter September 1944, an approximate figure only. 6. Notes issued for circulation outside Canada only commencmg in 



39 



Millions of Dollars 



MARCH 1954 



GENERAL PUBLIC HOLDINGS 



MARCH 1954 

OF CERTAIN LIQUID ASSETS* 



A— Currency, Bank Deposits and | Government of Canada Securities 

Bank of ! Canada 



1. CANADIAN DOLLAR CURRENCY AND BANK DEPOSITS HE 



LP BY THE GENERAL PUBLIC, AND RELATED BANK ASSETS 



Currency and Active Bank Deposits 



Currency 
Outside Banks 



Notes 



1,136 
1,191 
1,289 
1,335 

1,266 
1,281 
1,261 
1,272 
1,307 
1,290 

1,333 
1,302 
1,291 
1,345 
1,303 
1,335 

1,293 
1,305 



Coin 



78 
84 



94 
87 



89 
91 



92 
92 
92 
94 
94 
94 

93 



Total 



1,214 
1,275 
1,377 
1,429 

1,353 
1,369 
1,349 
1,361 
1,398 
1,378 

1,425 
1,394 
1,383 
1,439 
1,397 
1,429 

1,386 
1,398 



Active Bank Deposits i 



Chartered Banks 



Public 
Demand 



2,770 
2,963 
3,242 

3,180 

2,974 
2,949 
2,936 
3,115 
3,040 
3,143 

3,049 
3,139 
3,150 
3,152 
3,150 
3,180 

2,957 
2,900 



Active 
Notice 



697 
717 
796 
823 

805 
816 
824 
831 
832 
835 



851 
855 
844 
829 
823 

832 
845 



Other 

excl. 

Govt, of 

Canada 



Total 



413 
449 
453 
434 

371 
363 
450 
415 
403 
497 

383 
323 
432 
387 
362 
434 

409 
358 



3,880 
4,129 
4,491 
4,437 

4,150 
4,128 
4,210 
4,361 
4,275 
4,475 

4,271 
4,313 
4,437 
4,383 
4,341 
4,437 

4,198 
4,103 



Less: 
Float 



450 
627 
740 
762 

540 
547 
585 
571 
609 
722 

610 
585 
622 
662 
757 
762 

579 
582 



Net 
Total 



3,430 
3,502 
3,751 
3,675 

3,610 
3,581 
3,625 
3,790 
3,666 
3,753 

3,661 
3,728 
3,815 
3,721 
3,584 
3,675 

3,619 
3,521 



Bank of 
Canada 
"Other" 
Deposits 



207 
66 
45 
30 

48 
51 
67 
77 
72 
83 

69 
35 
38 
37 
43 
30 

29 
34 



Total 



Total 

Currency 

and 

Active 

Bank 

Deposits 



3,637 
3,568 
3,796 
3,705 

3,658 
3,632 
3,692 
3,867 
3,738 
3,836 

3,730 
3,763 
3,853 
3,758 
3,627 
3,705 

3,648 
3,555 



4,851 
4,843 
5,173 
5,134 

5,011 
5,001 
5,041 
5,228 
5,136 
5,214 

5,155 
5,157 
5,236 
5,197 
5,024 
5,134 

5,034 
4,953 



40 



Millions of Dollars 



Inactive 

Chartered 

Bank 

Notice 

Deposits 



3,861 
3,894 
4,129 
4,211 

4,139 
4,192 
4,242 
4,276 
4,268 
4,291 

4,313 
4,355 
4,371 
4,304 
4,239 
4,211 

4,261 
4,317 



Total 

Currency 

and 

Bank 
Deposits 

Total 

Related 

Bank 

Assets 



8,712 
8,737 
9,302 
9,345 

9,150 
9,193 
9,283 
9,504 
9,404 
9,505 

9,468 
9,512 
9,607 
9,501 
9,263 
9,345 

9,295 
9,270 



Related Bank Assets 



Government of Canada debt 

held by Bank of Canada 

and Chartered Banks 



Total 



5,021 
4,945 
5,011 
5,030 

5,017 
5,169 
5,205 
5,271 
5,101 
5,112 

5,077 
5,058 
5,053 
5,008 
5,004 
5,030 

5,061 
5,127 



Less: Govt. 
Deposits 



280 

160 

19 

526 

108 
239 
225 
238 
184 
134 

154 
213 
92 
269 
613 
526 

558 
739 



Net 
Total 



4,741 
4,785 
4,992 

4,504 

4,909 
4,930 
4,980 
5,033 
4,917 
4,978 

4,923 
4,845 
4,961 
4,739 
4,391 
4,504 

4,503 
4,388 



Other Related Bank Assets 3 



Chartered Bank Can. Loans 
and non-Govt. Securities 



Canadian 
Loans 



2,910 
3,136 
3,444 

4,051 

3,428 
3,442 
3,534 
3,660 
3,664 
3,699 

3,773 
3,867 
3,882 
3,982 
4,129 
4,051 

4,072 
4,149 



Non-Govt 

Securities 

6 



1,015 
922 
916 
835 

852 
851 
822 
849 
857 
848 

828 
829 
824 
835 
836 
835 

815 
795 



Total 



Bk. of Can 

Gold and 

Exchange 

holdings 

(net) 



3,925 
4,057 
4,360 

4,886 

4,280 
4,293 
4,356 
4,509 
4,521 
4,547 

4,601 
4,696 
4,706 
4,817 
4,965 
4,886 

4,887 
4,944 



226 

49 

2 

3 

2 
2 
2 
2 
2 
2 

2 
2 
2 
22 
2 
3 

2 
2 



Less: 

All 

Other 

(net) 

7 



180 
154 
52 



40 
32 
55 
40 
36 
22 

58 
31 
62 
77 
95 
48 

97 
64 



Total 



3,971 
3,952 
4,310 
4,841 

4,242 
4,263 
4,303 
4,471 
4,487 
4,527 

4,545 
4,667 
4,646 
4,762 
4,872 
4,841 

4,792 
4,882 



as at Dec. 31 

1950 

1951 

1952 

1953 
End of 
Jan.-1953 
Feb. 
Mar. 
Apr. 
May 
June 

July 
Aug. 
Sept. 
Oct. 
Nov. 
Dec. 

Jan.-1954 
Feb. 



2. GOVERNMENT OF CANADA SECURITIES 



Outstanding 8 



Direct Funded Debt 



Unmatured 



Special 
Banking 
Issues 9 



1,500 
1,400 
1,400 
1,400 

1,375 
1,500 
1,550 
1,600 
1,400 
1,400 

1,400 
1,400 
1,400 
1,400 
1,400 
1,400 

1,400 
1,400 



Other 
Market 
Issues 



12,586 
12,225 
12,020 
12,090 

12,080 
12,080 
12,055 
12,055 
12,055 
12,055 

12,065 
12,075 
12,077 
12,092 
12,090 
12,090 

12,090 
12,090 



Non- 
market 
Debt io 



1,218 
1,194 
1,250 
1,631 

1,237 
1,225 
1,206 
1,190 
1,163 
1,143 

1,126 
1,109 
1,091 
1,167 
1,632 
l,632f 

1,605 
1,585 



Total 



15,304 
14,819 
14,670 
15,121 

14,692 
14,805 
14,811 
14,845 
14,618 
14,598 

14,591 
14,584 
14,568 
14,658 
15,122 
15,122f 

15,095 
15,074 



Matured 

and 

out- 
standing 



51 
21 
19 
19 

19 

18 
20 
19 
17 
17 

17 
18 
18 
19 
19 
19 

19 
20 



Total 



15,355 
14,840 
14,689 
15,140 

14,710 
14,824 
14,831 
14,864 
14,635 
14,615 

14,608 
14,602 
14,586 
14,677 
15,141 
15,141f 

15,114 
15,094 



Guar- 
anteed 

Un- 
matured 
Funded 
Debt 



Exchange 
rate ad- 
justment 

11 



577 
529 
528 
527 

528 
528 
528 
528 
528 
528 

527 

527 
527 
527 
527 
523 f 

523 f 
673 



+2 
-27 
-43 
-39 

-43 
-38 
-38 
-36 
-34 
-33 

-35 
-35 
-38 
-37 
-38 
-37f 

-38f 
-40 



•fa The term General Public refers to holdings of non-residents as well as 
residents; for an approximate division between resident and non-resident 
holdings on a quarterly basis and of resident holdings between corporate 
and non-corporate holdings as at year ends see pages 23-24. 

1. Total Canadian dollar deposits of the chartered banks and the Bank of 
Canada less: (a) Inactive chartered bank notice deposits which consist of 
the estimated aggregate minimum quarterly balances in chartered banks' 
personal savings deposits in Canada plus non-personal notice deposits in 
Canada; (b) Float, i.e. cheques on other banks as shown in chartered bank 



Total 

(including 
exchange 
rate adjust- 
ment) 



15,934 
15,342 
15,174 
15,628 

15,195 
15,314 
15,321 
15,356 
15,129 
15,110 

15,099 
15,093 
15,075 
15,166 
15,630 
15,627f 

15,599f 
15,727 



Distrib 



UTION 12 



Bank 

of 

Canada 



1,942 
2,191 
2,227 
2,270 

2,154 
2,229 
2,182 
2,233 
2,186 
2,258 

2,290 
2,245 
2,211 
2,282 
2,273 
2,270 

2,209 
2,276 



Chartered 
Banks 



Govern- 
ment 
Accounts 



3,079 
2,754 
2,784 
2,760 

2,863 
2,940 
3,024 
3,038 
2,915 
2,854 

2,787 
2,813 
2,843 
2,726 
2,730 
2,760 

2,853 
2,851 



month-end returns to the Minister of Finance; (c) Canadian dollar deposits 
of the Government of Canada at the chartered banks and the Bank of 
Canada (shown in Related Bank Assets" section); (d) Canadian dollar 
deposits of the chartered banks at the Bank of Canada. v """ lu " in QO " ar 
See footnote 1 (a). 

S^fTr ° f j he „ chart . e r ed tanks and Bank of Canada other than Govern- 

ment ot Canada Securities. 

See footnote 1 (c). 

For estimated quarterly classification of Canadian loans see page 7. 

Provincial, Municipal and "Other" securities. 



847 
1,009 
1,101 
1,314 

1,101 

1,096 

1,093 

1,090 

1,183" 

1,207 

1,220 
1,236 
1,251 
1,262 
1,271 
1,314 

1,304 
1,261 



General 
Public 



10,066 
9,388 
9,062 
9,284 

9,077 
9,049 
9,022 
8,995 
8,845 
8,791 

8,802 
8,799 
8,770 
8,896 
9,356 
9,283 f 

9,233f 
9,339 



3. TOTAL OF CERTAIN LIQUID ASSETS HELD BY THE GENERAL PUBLIC, 
AND RELATED FACTORS 


Liquid Assets 


Total 
Liquid 
Assets 

Total 
Related 
Factors 


Related Factors 

15 




Currency 

and 

Active 

Bank 

Deposits 


Inactive 
Char- 
tered 
Bank 
Notice 

Deposits 


Govt, of Canada 
Securities 


Bank 

Assets 

other than 

Govt, of 

Canada 

Securities 

14 


Govt, of 
Can. Debt 
less Govt. 
Deposits & 
holdings of 
Govt. Ace ts 




Market 

Issues 

13 


Non- 
market 

10 


Total 




4,851 
4,843 
5,173 
5,134 

5,011 
5,001 
5,041 
5,228 
5,136 
5,214 

5,155 • 

5,157 

5,236 

5,197 

5,024 

5,134 

5,034 
4,953 


3,861 
3,894 
4,129 

4,211 

4,139 
4,192 
4,242 
4,276 
4,268 
4,291 

4,313 
4,355 
4,371 
4,304 
4,239 
4,211 

4,261 
4,317 


8,848 
8,194 
7,812 
7,653 

7,840 
7,824 
7,816 
7,805 
7,682 
7,648 

7,676 
7,690 
7,679 
7,729 
7,724 
7,651t 

7,628f 
7,754 


1,218 
1,194 
1,250 
1,631 

1,237 
1,225 
1,206 
1,190 
1,163 
1,143 

1,126 
1,109 
1,091 
1,167 
1,632 
l,632t 

1,605 
1,585 


10,066 
9,388 
9,062 
9,284 

9,077 
9,049 
9,022 
8,995 
8,845 
8,791 

8,802 
8,799 
8,770 
8,896 
9,356 
9,283f 

9,233f 
9,339 


18,778 
18,125 
18,364 
18,629 

18,227 
18,242 
18,305 
18,499 
18,249 
18,296 

18,270 
18,311 
18,377 
18,397 
18,619 
18,628 f 

18,528f 
18,609 


3,971 
3,952 
4,310 

4,841 

4,242 
4,263 
4,303 
4,471 
4,487 
4,527 

4,545 
4,667 
4,646 
4,762 
4,872 
4,841 

4,792 
4,882 


14,807 
14,173 
14,054 
13,788 

13,985 
13,979 
14,002 
14,028 
13,762 
13,769 

13,725 
13,644 
13,732 
13,635 
13,747 
13 ,787 1 

13 ,736 1 
13,727 


as at Dec. 31 

1950 

1951 

1952 

1953 
End of 
Jan.-1953 
Feb. 
Mar. 
Apr. 
May 
June 

July 

Aug. 
Sept. 
Oct. 
Nov. 
Dec. 

Jan.-1954 
Feb. 



7. Net of all related asset and liability items of the chartered banks and Bank 
of Canada which are not shown elsewhere in this table; includes foreign 
currency items and liabilities to shareholders. 

8. Net of sinking fund holdings (except as noted in footnote 16). 

9. Treasury Bills; Deposit Certificates and short-term notes issued directly 
to the Bank of Canada and chartered banks. 

10. Refundable Tax, War Savings Certificates and Canada Savings Bonds. 

11. Adjustment necessary to change value of foreign pay securities from £1 = 
4.86$ U.S. = 4.86| Cdn. to current rates of exchange. Official mid-rates of 
exchange have been used to September 30, 1950 and market rates thereafter. 

12. For detailed breakdown of distribution of Government of Canada debt as 
at year-ends see November 1953 Statistical Summary, pages 187-188. 



13. Including any special banking issues held by the general public 

14. As shown in "Other Related Bank Assets", Section 1 above. 

15. The whole of the increase or decrease in Canada's foreign exchange 
reserves is embodied in the related factors. To the extent that euch 
changes do not appear in Section 1, "Related Bank Assets", under the 
heading "Bank of Canada Gold and Exchange holdings (net)" they 
affect changes in Government of Canada Securities outstanding. 

16. Including $75 millions of bonds purchased in the New York market 
during May 1953 which are held in a sinking fund account. 

Note: — Statistics for earlier years and further information with respect to 
"""■—■ details of compilation are available from the Research Department, 
Bank of Canada, on request. t Revised. 



41 



MARCH 1954 



GOVERNMENT BOND YIELDS 1 

Bank of Canada 





1951 


1952 


1953 


1954 




June 30|Sept.28| Dec 31 Mar.3l|june30|Sept.30|Dec. 31 Mar. 31 June 30 Sept. 30| Dec. 31 


Mar. 31 


GOVERNMENT OF CANADA 



Internal Issues 
2% due Dec. 15, 1954... 
3% due Nov. 1, 1953/56 
3% due June 1, 1957/60 
3% due Sept. 1, 1961/66 

New York Issues 
3^% due Jan. 15, 1956/61. 
2M% due Sept. 1, 1974.... 
4^% due July 1, 1957 2. . 



2.48 


2.50 


2.56 


2.61 


2.73 


3.02 


3.12 


3.15 


3.17 


3.37 


2.90 


3.07 


3.05 


3.22 


3.20 


3.28 


3.48 


3.44 


3.37 


3.38 


3.42 


3.39 


3.15 


3.13 


3.40 


3.46 


3.58 


3.74 


3.70 


3.52 


3.66 


3.70 


3.64 


3.24 


3.25 


3.49 


3.51 


3.54 


3.62 


3.59 


3.63 


3.72 


3.74 


3.61 


2.92 


2.66 


2.60 


2.73 


2.58 


2.45 


2.44 


2.51 


3.15 


2.46 


2.23 


3.02 


2.93 


3.06 


3.04 


2.93 


2.98 


3.03 


3.20 


3.31 


3.21 


3.11 


3.12 


2.86 


3.15 


2.70 


2.65 


2.61 


2.77 


3.05 


3.22 


2.90 


2.55 



1.93 
2.95 
2.92 
3.02 



1.68 
2.83 
2.83 



United States Government 



2M% due Mar. 
2Y 2 % due Dec. 
2]/ 2 % due Dec. 



15, 1956/58 
15, 1963/68 
15, 1967/72 



2.14 


2.09 


2.19 


2.10 


2.16 


2.43 


2.38 


2.50 


2.68 


2.42 


1.95 


2.71 


2.60 


2.70 


2.67 


2.56 


2.75 


2.72 


2.89 


3.01 


2.75 


2.66 


2.69 


2.62 


2.75 


2.70 


2.63 


2.77 


2.80 


2.94 


3.01 


2.85 


2.74 



1.35 
2.42 
2.50 



United Kingdom Government 



2%%dueFeb. 15, 1955... 

3% due Oct. 15, 1955/59 
iy 2 % due May 1, 1964/67 

3% due Aug. 15, 1965/75 



2.00 


1.75 


2.42 


3.12 


3.61 


2.96 


2.97 


2.86 


2.61f 


2.16f 


2.30f 


2.50 


2.06 


3.05 


3.42 


3.47 


3.16 


3.08 


2.98 


2.72 


2.12f 


2.26 


3.35 


3.35 


3.85 


4.09 


4.36 


4.00 


3.96 


3.73 


3.64 


3.56 


3.46 


3.68 


3.69 


4.15 


4.33 


4.56 


4.19 


4.22 


4.03 


4.02 


3.77 


3.83 



2.25 
1.85 
3.51 
3.76 



1. Based on approximate market bid side. 2. Canadian National Railways (Guaranteed by Canada). t Corrected. 

CHARTERED BANKS: CANADIAN DEPOSITS, CANADIAN LOANS AND 
NON -GOVERNMENT SECURITIES, AND GOVERNMENT OF CANADA SECURITIES 

BILLIONS OF DOLLARS BILLIONS OF DOLLARS 






10 




MONTI 


H-END 




8 
6 






^^CANADIAN DEPOSITS 
























CANA[ 
NON -GOVT 


)IAN LOANS AND 

DF CANADA SECURITIES'^^*. 




4 
























GOVT OF CANADA SECURITIES 


2 





















i i 1 i i 1 i i 1 i i 


I i I i i ! i i 1 I i 


1 1 1 1 1 1 1 1 1 1 1 


1 1 1 1 1 1 1 1 1 1 1 



10 



1951 1952 

(1) Provincial, Municipal and Corporate Securities. 



1953 



1954 



MARCH 1954 



42 



GOVERNMENT BOND YIELDS AND TREASURY BILL RATES 

Bank of Canada 





Government of Canada 






Theoretical s 1 






15th of Each Month 




15 Yr. 


9 Yr. 


5 Yr. 


2 Yr. 




Bond 


Bond 


Bond 


Bond 


Annual Average 










1947 


2.57 


2.25 


1.75 


1.43 


1948 


2.93 


2.72 


2.27 


1.44 


1949 


2.83 


2.64 


2.24 


1.66 


1950 


2.78 


2.67 


2.22 


1.81 


1951 


3.24 


3.18 


2.69 


2.37 


1952 


3.59 


3.58 


3.22 


2.69 


1953 


3.68 


3.67 


3.56 


3.26 


Monthly 










1953— Jan. 


3.63 


3.66 


3.50 


3.07 


Feb. 


3.65 


3.62 


3.44 


3.08 


Mar. 


3.65 


3.56 


3.43 


3.11 


Apr. 


3.66 


3.56 


3.43 


3.14 


May 


3.69 


3.62 


3.48 


3.21 


June 


3.72 


3.72 


3.54 


3.28 


July 


3.72 


3.71 


3.57 


3.28 


Aug. 


3.73 


3.72 


3.64 


3.36 


Sept. 


3.75 


3.77 


3.65 


3.41 f 


Oct. 


3.72 


3.75 


3.66 


3.48 


Nov. 


3.67 


3.74 


3.71 


3.44 


Dec. 


3.61 


3.64 


3.61 


3.20 


1954— Jan. 


3.55 


3.57 


3.55 


3.03 


Feb. 


3.44 


3.32 


3.31 


2.70 


Mar. 


3.27 


3.22 


3.16 


2.47 



Long Term 




Market Yields 


Average of Business Days 


Canada 


U.K. 


U.S.A. 


2 


3 


4 


2.59 


2.61 


2.20 


2.93 


2.82 


2.41 


2.85 


2.93 


2.24 


2.77 


3.19 


2.24 


3.21 


3.49 


2.58 


3.54 


4.23 


2.64 


3.66 


3.86 


2.88 


3.59 


4.16 


2.74 


3.60 


4.09 


2.77 


3.60 


3.97 


2.85 


3.62 


3.87 


2.90 


3.64 


3.83 


3.05 


3.70 


3.85 


3.11 


3.72 


3.89 


2.98 


3.73 


3.83 


2.96 


3.73 


3.74 


2.93 


3.70 


3.68 


2.75 


3.65 


3.68 


2.77 


3.61 


3.70 


2.71 


3.53 


3.63 


2.61 


3.43 


3.62 


2.53 


3.22 


3.59 


2.43 



Tender Rates on 3 Month 


Treasury Bills 


Tender nearest 15th of Month 


Canada 


U.K. 


U.S.A. 


.406 


.507 


.592 


.411 


.509 


1.037 


.485 


.521 


1.096 


.552 


.516 


1.215 


.796 


.583 


1.555 


1.076 


2.167 


1.795 


1.688 


2.284 


2.006 


1.349 


2.398 


2.124 


1.473 


2.432 


1.993 


1.503 


2.232 


2.098 


1.528 


2.415 


2.219 


1.530 


2.383 


2.271 


1.699 


2.368 


2.229 


1.759 


2.365 


2.106 


1.795 


2.368 


2.116 


1.911 


2.150 


1.957 


1.929 


2.098 


1.438 


1.904 


2.097 


1.482 


1.877 


2.103 


1.682 


1.883 


2.132 


1.336 


1.741 


2.067 


1.024 


1.612 


2.111 


1.056 



Payable in Canada only. 2. Government of Canada 3% due 1 Sept., 1961-66. 3. United Kingdom 3% due 15 Apr., 1959-69. 
U.S. Treasury 2J^% due 15 Dec, 1963-68. It was not eligible for commercial banks before Dec. 1, 1952. 



YIELDS OF GOVERNMENT BONDS: CANADA, U.S.A. AND U.K. 



PERCENT 

1.5 



PERCENT 

1.5 




1945 



1946 



1947 



1948 



1949 



1950 



195! 



1952 



1953 



1954 



43 



FOREIGN EXCHANGE RATES 1 

Bank of Canada 



Cents per Unit 














U.S. Dollar in Canada 


£ Sterling in Canada 


Business 














Days 


High 


Low 


Average 
Noon Rate 


High 


Low 


Average 
Noon Rate 


1948 


100.25 


100.25 


100.25 


403.00 


403.00 


403.00 


1949 


110.25 


100.25 


103.08 


403.00 


308.00 


376.13 


1950 


110.25 


103.25 


108.92 


308.00 


289.25 


304.44 


1951 


107.31 


101.19 


105.28 


300.50 


281.38 


294.68 


1952 


101.13 


95.88 


97.89 


281.25 


266.75 


273.40 


1953 


99.78 


96.75 


98.34 


280.94 


272.38 


276.66 


1953-Feb. 


98.44 


97.00 


97.73 


277.50 


273.44 


275.55 


Mar. 


98.63 


97.75 


98.33 


277.63 


275.31 


276.92 


Apr. 


98.63 


98.00 


98.37 


277.94 


275.69 


277.13 


May 


99.78 


98.66 


99.41 


280.94 


278.06 


279.80 


June 


99.63 


99.16 


99.44 


280.38 


278.88 


279.82 


July 


99.44 


98.94 


99.18 


279.88 


278.56 


279.29 


Aug. 


99.00 


98.69 


98.83 


278.81 


277.50 


278.25 


Sept. 


98.88 


97.78 


98.43 


277.69 


274.00 


275.94 


Oct. 


98.66 


97.75 


98.25 


276.75 


273.88 


275.76 


Nov. 


98.03 


97.38 


97.77 


275.56 


273.88 


274.89 


Dec. 


97.63 


97.00 


97.31 


274.44 


272.63 


273.52 


1954-Jan. 


97.56 


97.03 


97.29 


274.38 


272.88 


273.56 


Feb. 


97.13 


96.34 


96.65 


273.13 


271.13 


271.93 


Mar. 


98.19 


96.47 


97.08 


276.44 


271.50 


273.29 



MARCH 1954 

OFFICIAL HOLDINGS OF 
GOLD AND U.S. DOLLARS 1 

Dept. of Finance 



$ tn?n* U.S. 



End 




U.S. 




of 

period 


Gold 


Dollars 


Total 


1948 


401.3 


596.5 


997.8 


1949 


486.4 


630.7 


1,117.1 2 


1950 


580.0 


1,161.5 


1,741.5 


1951 


841.7 


936.9 


1,778.6 


1952 


885.0 


975.2 


1,860.2 


1953 


986.1 


832.4 


1,818.5 


1953-Feb. 


892.9 


944.2 


1,837.1 


Mar. 


905.8 


939.5 


1,845.3 


Apr. 


913.7 


930.0 


1,843.7 


May 


923.0 


838.2 


1,761.2 


June 


934.7 


815.4 


1,750.1 


July 


942.2 


813.5 


1,755.7 


Aug. 


951.0 


813.4 


1,764.4 


Sept. 


959.8 


827.5 


1,787.3 


Oct. 


968.3 


816.2 


1,784.5 


Nov. 


976.4 


830.3 


1,806.7 


Dec. 


986.1 


832.4 


1,818.5 


1954-Jan. 


997.5 


836.6 


1,834.1 


Feb. 


1,007.8 


845.7 


1,853.5 


Mar. 


1,015.7 


811.5 


1,827.2 



1. Prior to October 2, 1950, there were official buying and selling rates for the U.S. Dollar and 
Sterling in Canada. The rates used in the table before this date are the mid-rates between official 
buying and selling rates, or the averages thereof. Accordingly the "High" differs from the "Low" only 
in the yearswhen the official rates were changed. Effective October 2, 1950, official rates were discon- 
tinued and rates thereafter are as reported on transactions between banks in the exchange market. 
Commencing with 1950, averages are based on five-day week quotations. 



Gold and U.S. dollars held by the Exchange Fund 
Account and Bank of Canada and U.S. dollars held by 
other Govt, of Canada Accounts. 

Exclusive of 18.2 set aside out of the proceeds of 
a refunding issue for the purpose of retiring on Feb. 1, 
1950, a security issue guaranteed by the Govt, of 
Canada and payable in U.S. dollars. 



UNITED STATES DOLLAR IN CANADIAN FUNDS 



CANADIAN DOLLARS 

1.10 



CANADIAN DOLLARS 

10 




1950 



1951 



1952 



1953 



[ 



MARCH 1954 



44 



Millions of Dollars 



CONSUMER CREDIT OUTSTANDING 1 
ESTIMATES OF SELECTED ITEMS 







Instalment Credit 




Cash 


Total of 




Charge 
Accounts 






Personal 






Retail 


Finance 




Selected 




2 


Dealers 

3 


Companies 

4 


Total 


Loans 

5 


Items 


1949 — Dec. 31 


328 


140 


116 


256 


308 


892 


1950 — Mar. 31 


291 


130 


122 


252 


316 


859 


June 30 


313 


138 


162 


300 


346 


959 


Sept. 30 


331 


145 


192 


337 


374 


1,042 


Dec. 31 


377 


170 


202 


372 


386 


1,135 


1951 — Mar. 31 


349 


143 


216 


359 


394 


1,102 


June 30 


357 


122 


224 


346 


400 


1,103 


Sept. 30 


357 


100 


215 


315 


386 


1,058 


Dec. 31 


402 


104 


186 


290 


388 


1,080 


1952 — Mar. 31 


353 


97 


176 


273 


385 


1,011 


June 30 


397 


136 


265 


401 


420 


1,218 


Sept. 30 


411 


179 


334 


513 


437 


1,361 


Dec. 31 


449 


239 


373 


612 


460 


1,521 


1953 — Mar. 31 


414 


230 


423 


653 


479 


1,546 


June 30 


436 


243 


520f 


763t 


526 


l,725f 


Sept. 30f 


434 


252 


544 


796 


547 


1,777 


Dec. 31* 


470 


286 


510 


796 


570 


1,836 



SOURCES: Dominion Bureau of Statistics, Department of Finance, Department of Insurance, Department of Agriculture and Bank of Canada. 

1. Estimates of charge accounts and instalment receivables outstanding on the books of retail dealers do not include Newfoundland. 

2. Charge accounts receivable outstanding on the books of retail dealers. 

3. Instalment receivables outstanding on the books of retail dealers. 

4. Instalment paper held by sales finance and acceptance companies in connection with the financing of retail purchases of consumer goods, largely new and 
used automobiles. 

5. Includes estimated personal loans by chartered banks, small loan companies, licensed money lenders and credit unions. 
t Revised. * Preliminary. 



MILLIONS OF DOLLARS 

2100 



1850 



CONSUMER CREDIT OUTSTANDING 

ESTIMATES OF SELECTED ITEMS 

QUARTERLY 



1600 



1350 



1100 



























V 








1 1 1 


1 1 1 


1 1 1 


1 1 1 



MILLIONS OF DOLLARS 

950 



790 




1953 



1951 



45 



MARCH 1954 



PRICE INDEXES 

"Prices and Price Indexes" , Dominion Bureau of Statistics 
WHOLESALE PRICES CONSUMER PRICES 2 

Index 1935-39 = 100 Index 1949 = 100 








Total 


Raw and 


Fully & 


FARM PRODUCTS ' 


Total 
Index 

(1st of 
Month) 










Other 
Com- 




Index 

(Mid- 
Month) 


Partly 
Manu- 


Chiefly 
Manu- 








Food 


Shelter 


Clothing 


Household 
Operation 




Fieldt 




Totalt 


& Services 










100 


32 


15 


11 


17 


25 


Average of Months 


























1929 


124.6 


126.1 


123.7 


137.2 


144.4 


140.8 


75.8 


* 


* 


* 


* 


* 


1933 


87.4 


79.3 


93.3 


69.3 


69.2 


69.3 


58.8 


* 


* 


* 


* 


* 


1937 


107.7 


113.7 


104.4 


128.9 


106.0 


117.4 


63.0 


* 


* 


* 


* 


* 


1946 


138.9 


140.1 


138.0 


177.9 


181.2 


179.5 


77.5 


* 


* 


* 


* 


* 


1950 


211.2 


212.8 


211.0 


191.9 


281.4 


236.7 


102.9 


102.6 


106.2 


99.7 


102.4 


103.1 


1951 


240.2 


237.9 


242.4 


200.4 


336.9 


268.6 


113.7 


117.0 


114.4 


109.8 


113.1 


111.5 


1952 


226.0 


218.7 


230.7 


223.0 


277.5 


250.2 


116.5 


116.8 


120.2 


111.8 


116.2 


116.0 


1953 


220.8 


206.9 


229.1 


175.lt 


263.8 


219.5f 


115.5 


112.6 


123.6 


110.1 


117.0 


115.8 


Monthly 


























1953— Jan. 


221.5 


209.4 


229.0 


201.6f 


266.4 


234.0f 


115.7 


113.5 


122.3 


109.7 


116.5 


116.7 


Feb. 


220.9 


207.9 


228.8 


196.6f 


263.1 


229.9f 


115.5 


112.7 


122.5 


109.6 


116.6 


116.7 


Mar. 


221.9 


209.8 


229.2 


191.9f 


264.3 


228.lt 


114.8 


111.6 


122.5 


109.7 


116.7 


115.2 


Apr. 
May 


219.6 


205.7 


227.9 


187.6t 


255.8 


221.7t 


114.6 


110.9 


122.7 


109.7 


116.9 


115.0 


220.1 


206.3 


228.3 


185.2t 


263.2 


224. 2 1 


114.4 


110.1 


122.9 


110.1 


116.6 


115.1 


June 


221.7 


207.2 


230.4 


184.5T 


268.7 


226. 6 1 


114.9 


111.4 


123.6 


110.1 


116.6 


115.1 


July 


221.2 


207.2 


229.6 


187.7f 


265.3 


226. 5t 


115.4 


112.7 


123.9 


110.3 


117.0 


115.2 


Aug. 


222.4 


210.0 


230.1 


157.2 


269.9 


213.6 


115.7 


112.8 


124.1 


110.4 


117.2 


115.8 


Sept. 


221.5 


207.0 


230.2 


154.0 


263.7 


208.9 


116.2 


114.0 


124.2 


110.4 


117.4 


115.9 


Oct. 


220.7 


204.9 


230.0 


151.7 


265.3 


208.5 


116.7 


115.5 


124.5 


110.3 


117.5 


116.0 


Nov. 


218.8 


203.2 


228.1 


151.7 


258.0 


204.9 


116.2 


113.4 


125.0 


110.3 


117.4 


116.3 


Dec. 


219.0 


204.4 


227.6 


151.9 


261.6 


206.8 


115.8 


112.1 


125.2 


110.2 


117.4 


116.3 


1954— Jan. 


219.8 


206.5 


227.8 


152.5 


266.3 


209.4 


115.7 


111.6 


125.4 


110.1 


117.5 


116.4 


Feb. 


219.0 


205.1 


227.3 


152.9 


264.7 


208.8 


115.7 


111.7 


125.4 


110.0 


117.5 


116.5 


Mar. 














115.5 


110.7 


125.6 


109.8 


117.6 


116.6 



An independent series with different weighting and different prices from 
those included in the "Total Index". Prices include subsidies. Prices used 
for western wheat, oats and barley are initial payments to farmers plus 
retroactive revisions to include participation payments as these are an- 
nounced. 
t Revised. 



2. Components were selected and weighted on the basis of 1948 urban family 
incomes ranging from $1,650 to $4,050 with incomes between $2,000 and 
$3,000 most common. The Consumer Price Index prior to 1949 is the 
Cost-of-Living Index inclusive of all tobacco taxes linked to the Consumer 
Price Index 1949 = 100. 

* Not available. 



Estimates in Thousands 



LABOUR FORCE STATUS OF THE POPULATION * 

"The Labour Force", Dominion Bureau of Statistics, Department of National Defence 







At work 


At work less than 


With jobs but 








Total 








35 HOURS OR MORE 


35 HOURS 


NOT AT WORK 


Without 


Total 


Not in 
Labour 
Force 


Civilian 

NON- 




In Week 
Ending 


Agri- 
culture 


Non- 
Agri- 
culture 


Usually 

work 
less than 
35 hrs. 


Usual 
35 hrs. 

Lay off 
and 
short 


y work 
or more 

Other 
reasons 


Lay-off 


Other 
reasons 


jobs 

AND 

SEEKING 

WORK 


Civilian 
Labour 
Force 


TIONAL 

Popula- 
tion 14 
years of 

AGE AND 
OVER 


Armed 
Forces 












time 


2 


3 


4 


5 










1952— Mar. 


1 


660 


3,593 




V ' 

478 


50 


126 


207 


5,114 


4,645 


9,759 


94 


May 


31 


796 


3,814 




433 


19 


109 


105 


5,276 


4,536 


9,812 


98 


Aug. 


16 


904 


3,665 




342 


17 


362 


85 


5,375 


4,485 


9,860 


99 


Nov. 


22 


724 


3,934 




365 


19 


107 


113 


5,262 


4,660 


9,922 


100 


Dec. 


13 

24 


701 
687 


3,834 
3,836 




458 


26 

48 


100 
121 


131 

187 


5,250 
5,200 


4,685 

4,764 


9,935 
9,964 


100 


1953— Jan. 


198 


45 


78 


103 


Feb. 


21 


680 


3,838 


196 


41 


84 


52 


124 


179 


5,194 


4,786 


9,980 


104 


Mar. 


21 


719 


3,815 


195 


41 


89 


39 


122 


172 


5,192 


4,794 


9,986 


104 


Apr. 


18 


766 


3,879 


192 


30 


74 


27 


108 


165 


5,241 


4,761 


10,002 


105 


May 


16 


821 


3,899 


211 


32 


145 2 


11 


88 


114 


5,321 


4,685 


10,006 


105 . 


June 


20 


838 


4,050 


195 


28 


61 


10 


115 


90 


5,387 


4,633 


10,020 


105 


July 


18 


927 


3,880 


184 


28 


63 


13 


330 


90 


5,515 


4,522 


10,037 


105 


Aug. 


22 


908 


3,912 


168 


33 


72 


17 


305 


92 


5,507 


4,550 


10,057 


106 


Sept. 


19 


847 


4,049 


169 


35 


75 


13 


126 


84 


5,398 


4,682 


10,080 


106 


Oct. 


24 


776 


4,054 


182 


46 


58 


14 


110 


111 


5,351 


4,744 


10,095 


107 


Nov. 


21 


733 


3,981 


194 


60 


68 


27 


102 


151 


5,316 


4,791 


10,107 


107 


Dec. 


12 


702 


3,848 


186 


65 


1712 


26 


87 


190 


5,275 


4,840 


10,115 


107 


1954— Jan. 


23 


681 


3,784 


186 


65 


107 


24 


115 


280 


5,242 


4,887 


10,129 


110 


Feb. 


20 


700 


3,742 


194 


56 


104 


23 


99 


312 


5,230 


4,909 


10,139 


111 



1. Estimates based on a sample of about 30,000 households and therefore 
subject to sampling error which is relatively larger the smaller the estimate. 
For unrevised details of earlier years see page 13. 

2. Principal reasons are bad weather, illness, vacations and, in December and 
May, observance of religious holidays. 



3. Includes only those who had definite instructions to return to their jobs 
within 30 days of date on which lay-off began. 

4. Principal reasons are illness and vacations. 

5. Includes persons who, though having jobs, did not work but sought work 
and those who would have sought work but were temporarily ill, on in- 
definite or prolonged lay-off, or believed no work was available. 



MARCH 1954 



46 



EMPLOYMENT AND LABOUR INCOME 

"Employment and Payrolls" , "Man-Hours and Hourly Earnings" and "Estimates of Labour Income" , Dominion Bureau of Statistics 





EMPLOYMENT INDEXES 1. 2 


AVERAGE HOURS WORKED l. 3 


AVERAGE HOURLY 
EARNINGS 1. 3. 4 






Indus- 
trial 
Composite 














Monthly 












Manu- 
facturing 


Con- 
struction 


Mining 


Manu- 
facturing 


Con- 
struction 


Mining 


Manu- 
facturing 


Con- 
struction 


Mining 


Labour 
Income 

4. 5 




Index 1949 = 100 


Number 


Cents 


Millions $ 


Monthly Average 

1946 


88.2 


91.0 


69.5 


86.9 


42.7 


38.4 


43.2 


70.0 


76.9 


87.3 


444 


1947 


95.7 


97.2 


85.6 


88.6 


42.5 


39.3 


42.2 


80.3 


84.6 


98.0 


518 


1948 


99.7 


100.1 


95.4 


97.2 


42.2 


39.2 


42.6 


91.3 


94.1 


111.1 


597 


1950 


101.5 


100.9 


102.4 


105.5 


42.3 


39.9 


43.0 


103.6 


105.6 


121.4 


693 


1951 


108.8 


108.0 


110.2 


110.6 


41.8 


40.3 


43.1 


116.8 


117.6 


133.4 


806 


1952 


111.6 


109.3 


122.5 


116.8 


41.5 


41.7 


42.7 


129.2 


130.8 


147.1 


895 


1953* 


113.4 


113.3 


118.6 


111.7f 


41.3 


41.8 


42.6 


135.8 


143.1 


153.8 


971 


First of Month 
1952— Dec. 


116.1 


113.5 


129.4 


117.1 


42.5 


42.2 


44.1 


132.1 


138.5 


151.8 


942 


1953— Jan. 


113.0 


111.4 


111.3 


114.9 


38.3 


34.7f 


40.6 


137.5f 


135.8 


153.4 


928 


Feb. 


110.3 


111.9 


101.9 


114.4 


41.9 


41.6| 


43.0 


134.2 


142.3J 


153.3 


920 


Mar. 


110.0 


112.7 


93.7 


113.4 


42.1 


42.8 


42.1 


134.4 


142.7 


152.9 


924 


Apr. 


110.0 


112.9 


95.9 


111.9 


42.1 


42.0 


41.8 


134.9 


143.8 


152.6 


949 


May 


110.9 


113.1 


108.5 


111.9 


41.8 


41.0 


42.4 


135.5 


144.3 


153.7 


969 


June 


112.4 


113.4 


119.0 


112.1 


41.7 


42.3 


43.1 


135.9 


142.9 


153.1 


979 


July 


114.9 


114.7 


127.5 


113.7 


41.3 


42.4 


42.9 


136.2 


141.9 


153.0 


986 


Aug. 


115.6 


114.4 


135.4 


114.7 


41.0 


43.0 


42.8 


136.0 


142.5 


152.7 


993 


Sept. 


116.6 


115.6 


139.6 


112.3 


41.0 


43.3 


43.0 


135.7 


143.0 


153.4 


1,012 


Oct. 


116.9 


115.2 


135.8 


108.8 


41.5 


43.4 


43.2| 


136.6 


146.6 


154.8 


1,009 


Nov. 


115.9 


113.1 


131.5 


107.8 


41.4 


42.4 


43.0 


137.4 


146.5 


155.9 


995 


Dec. 


114.1 


110.9 


122.7f 


105.lt 


41.2f 


41.6f 


43.9 


138.4 


147.3t 


157 .3t 


989 


1954— Jan.* 


109.9f 


108.0f 


106.3 


103.6 


38.6 


35.4 


40.6 


140.4 


148.2 


158.2 


941 


Feb.* 


107.0 


108.1 






40.7 


39.7 


42.5 


140.4 


151.5 


158.1 





As reported by employers usually having IS or more employees. Dated 

first of month and covering the last pay period in the previous month. 

Include Newfoundland commencing in 1950. 

Coverage, including salaried and part-time workers, at Jan. 1, 1954 was 

Industrial Composite 2,474,050; Manufacturing 1,126,992; Construction 

214.431; Mining 92,927. 

Include hourly rated wage earners only. 



4. Gross earnings before deductions for taxes, unemployment insurance, etc. 

5. Wages and salaries and includes bonuses and commissions, food, clothing, 
shelter and contributions to insurance, pensions, etc. provided by employer. 
Includes Newfoundland commencing in 1949. 

* Preliminary, 
t Revised. 



INDEX 1949-100 



120 


INDUSTRIAL 


COMPOSITE 


1953-54 


> 
\ 

\. VI952-53 


110 
100 


\&— — 


r 

1 

1 1 1 1 1 


35 1 - 5^jj y? 

1 1 1 1 1 



SELECTED EMPLOYMENT INDEXES 

FIRST OF MONTH 



120 120 



INDEX 1949-100 



110 110 



00 100 




DEC. 




DEC. 



JUNE JUNE 





MINING 




120 








^^. 1951-52 


352-53 


_—— ^ 




'^Z... 


110 










1953-54S. 






100 


1 1 1 1 1 


1 


\ 1 1 



120 



10 



00 



DEC. 



47 



MARCH 1954 



1935-39 = 100 



VOLUME OF INDUSTRIAL PRODUCTION 
INDEXES NOT SEASONALLY ADJUSTED 

"Canadian Statistical Review" , Dominion Bureau of Statistics 





Total 


Mining 


Manufacturing 


Electricity 

and 

Manufactured 

Gas 




Total 


Non- 
Durables 


Durables 


Weighting 


100.0 


16.8 


75.6 


46.1 


29.5 


7.6 


Annual Average 














1935 


85.6 


79.5 


86.5 


89.0 


82.7 


90.4 


1937 


108.0 


103.8 


109.3 


106.7 


113.2 


105.1 


1939 


109.7 


118.0 


108.1 


108.2 


107.9 


107.5 


1945 


187.2 


100.9 


209.8 


176.3 


262.1 


152.1 


1947 


187.8 


106.2 


207.7 


191.2 


233.5 


169.3 


1949 


199.6 


131.7 


217.0 


198.2 


246.3 


176.1 


1950 


211.5 


145.4 


228.1 


208.3 


259.1 


190.9 


1951 


226.5 


161.8 


242.1 


214.0 


285.9 


214.2 


1952 


232.9 


174.7 


246.3 


215.2 


294.8 


228.8 


1953* 


248.6 


185.6 


263.2 


224.1 


324.2 


241.9 


Monthly 

1953— Jan. 


232.1 


164.6 


245.6 


203.4 


311.6 


246.7 


Feb. 


242.0 


162.6 


258.3 


214.3 


327.0 


254.4 


Mar. 


246.8 


160.2 


265.6 


221.8 


334.1 


251.0 


Apr. 


254.5 


175.5 


270.8 


227.8 


337.9 


266.3 


May 


254.7 


180.4 


271.6 


230.3 


336.3 


250.0 


June 


257.5 


196.3 


273.3 


231.9 


338.1 


235.7 


July 


247.0 


206.5 


258.3 


219.5 


319.2 


223.4 


Aug. 


248.5 


201.lt 


262.0 


230.5 


311.3 


218.4 


Sept. 


257.0 


212.2 


269.9 


235.1 


324.5 


226.7 


Oct. 


254.3f 


200. Of 


268.0t 


232.5 


323.7 


237.7 


Nov. 


250.5f 


194.lt 


263 .6t 


230. 7t 


315.lt 


244.4 


Dec. 


235.3f 


176 .0t 


247 .2f 


210.8| 


304.0t 


248.0t 


1954— Jan. 


229.9* 


174.7* 


240.5* 


200.9* 


302.5* 


246.0* 



t Revised. 



Preliminary. 



INDEXES OF INDUSTRIAL PRODUCTION 
NOT SEASONALLY ADJUSTED 



INDEX 1935-39 = 100 

280 



NDEX 1935-39-100 

290 







L. 



MARCH 1954 



48 



SELECTED HOUSING STATISTICS 1 

Central Mortgage and Housing Corporation and Dominion Bureau of Statistics 





Dwellings in New Structures 


Composite 
Price Index 

of 

Residential 

Building 

Materials 


Index of 
Average 

Hourly Wage 
Rates - All 

Construction 
Workers 


Composite 
Index of 

Residential 
Building 

Materials 

and Wage 
Rates 


Expenditures 

on New 

Residential 

Construction 

and Major 

Improve- 


Expenditures 

on 

Residential 

Repair 

and 

Maintenance 






Started 


Completed 


Under 
Construction 


Total 
Expenditures 








2 


3 


3, 4 


3 










Units 


1949=100 


Millions of Dollars 


Calendar Years 




















1948 


90,194 


76,097 


56,456 


95.4 


94.4 


95.0 


667.7 


161.9 


829.6 


1949 1 


90,509 


88,233 


59,503 


100.0 


100.0 


100.0 


775.0 


176.0 


951.2 


1950 


92,531 


89,015 


59,443 


106.4 


105.4 


106.0 


843.3 


191.0 


1,034.3 


1951 


68,579 


81,310 


45,926 


125.5 


115.3 


121.7 


821.6 


221.0 


1,042.6 


1952 


83.246 


73,087 


55,689 


125.0 


124.5 


124.8 


825.6 


203.2 


1,028.8 


1953* 


102,409 


96,839 


59,923 


123.8 


132.8 


127.2 


1,089.0 


212.2 


1,301.2 


Quarterly 




















1951—1 


9,801 


19,521 


49,294 


121.0 


108.6 


116.4 


173.3 


40.9 


214.2 


II 


28,664 


19,173 


58,615 


126.6 


114.6 


122.1 


231.7 


48.9 


280.6 


III 


19,122 


19,111 


58,382 


127.3 


118.7 


124.1 


218.6 


67.2 


285.8 


IV 


10,992 


23,505 


45,926 


127.0 


119.2 


124.1 


198.0 


64.0 


262.0 


1952—1 


7,268 


13,066 


37,259 


126.1 


119.7 


123.7 


134.9 


49.9 


184.8 


II 


28,023 


15,274 


50,285 


124.6 


122.5 


123.8 


207.2 


50.4 


257.6 


III 


26,749 


18,445 


59,113 


124.6 


126.6 


125.4 


236.0 


51.1 


287.1 


IV 


21,206 


26,302 


55,689 


124.4 


129.4 


126.3 


247.5 


51.8 


299.3 


1953*— I 


11,930 


18,392 


49,232 


124.2 


129.7 


126.2 


200.5 


52.7 


253.2 


II 


34,816 


21,099 


62,791 


124.3 


131.4 


127.0 


281.0 


51.6 


332.6 


III 


32,925 


22,916 


73,055 


124.0 


133.6 


127.6 


296.5 


53.6 


350.1 


IV 


22,738 


34,432 


59,923 


122.5 


136.6 


127.8 


311.0 


54.3 


365.3 



Calendar 
Years 


Dwellings in New Structures 
Regional Distribution - Units 




1948 | 1949 | 1950 1951 | 1952 | 1953* 




Started 


Atlantic • 

Quebec 

Ontario 

Prairie 

B.C. 


5,712 
24,982 
29,976 
17,891 
11,633 

90,194 


6,023 
24,196 
34,023 
16,565 

9,702 


7,451 
28,515 
33,430 
15,599 

7,536 


3,562 
21,193 
27,349 
10,779 

5,696 


4,720 
26,355 
30,016 
15,044 

7,111 

83,246 


5,921 
30,249 
38,873 
18,776 

8,590 

102,409 


Canada 


90,509 


92,531 


68,579 




Completed 


Atlantic ' 

Quebec 

Ontario 

Prairie 

B.C. 


4,809 
20,171 
26,391 
13,995 
10,731 


5,815 
22,912 
31,440 
17,794 
10,272 


7,209 
27,237 
31,318 
14,691 

8,560 


4,316 
26,686 
31,732 
11,893 

6,683 


4,215 
22,407 
27,461 
11,976 

7,028 


5,224 
29,803 
35,173 
18,695 

7,944 


Canada 


76,097 


88,233 


89,015 


81,310 


73,087 


96,839 




Under Construction 2 


Atlantic i 

Quebec 

Ontario 

Prairie 

B.C 


4,020 

13,848 

21,112 

9,747 

7,729 

56,456 


5,226 

14,984 

23,585 

8,542 

7,166 

59,503 


5,567 

14,859 

24,215 

8,956 

5,846 


4,741 
9,554 
19,258 
7,721 
4,652 


5,822 
13,601 
20,513 
10,502 

5,251 


5,465 
13,418 
24,134 
11,055 

5.851 

59,923 


Canada 


59,443 


45,926 


55,689 



NEW PERMANENT DWELLINGS COMPLETED 

THOUSANDS OF UNITS THOUSANDS OF UNITS 




48 50 52 



48 50 52 



80 



60 



40 



20 



1. Newfoundland included commencing in 1949. 

2. At end of period. Total starts less completions do not equal the number of 
units under construction due to adjustments; e.g. construction either 
ceased, or when completed, some dwellings contained more or less units 
than were reported when construction commenced. 

3. Yearly and quarterly averages. 

4. Including holiday pay allowances. 
* Preliminary. 



BY TYPE OF UNIT _ 



ONE FAMILY 



- 60 



APARTMENT 
AND OTHER 



TWO FAMILY 



r-rnrn n 



80 



40 

20 




48 '50 '52 48 50 '52 48 '50 '52 

* Preliminary 1953. 



49 



MARCH 1954 



GOVERNMENT OF CANADA 

Fiscal Years ending March 31, in Millions of Dollars 



BUDGETARY STATEMENT 

Department of Finance and Bank of Canada 



1. Budgetary Revenue (ex. Old Age Security Taxes) 

Individual Income Tax — Deductions at Source 

" " — Other Collections 

Corporate Income Tax 

Withholding Tax on Non-Resident Dividends, Interest, etc 

Succession Duties 

Sales Tax 

Excise on Tobacco 

Excise on Liquor 

Excise on Automobiles, Tires and Tubes 

Other Excise Taxes 

Customs Import Duties 

Other Taxes 

Post Office Department 

Return on Investments 

Premium, Discount and Exchange (Net) i 

Other Ordinary Revenue 

War, Demobilization and Reconversion Refunds and Revenue 

Sale of Surplus War and Crown Assets 

Other Special Receipts and Credits (n.e.s.) 

Provincial Corporate Income Tax Suspense Adjustment 

Total Budgetary Revenue 

2. Budgetary Expenditure 2 

Dept. of National Defence 

Dept. of Defence Production 

Civil Defence 

Dept. of Veterans' Affairs 

Other Demobilization and Reconversion Expenditure 

Colombo Plan and Other International Assistance 4 

Interest on Public Debt 

Cost of Loan Flotations & Amortization of Discount & Commissions. . . . 

Premium, Discount and Exchange (Net) l 

Subsidies, Special Grants and Tax Rental Payments to Provinces 

Grants to Universities 

Special Government Contribution to Superannuation Account 

Family Allowance Payments 

Subventions to Provinces re Old Age and Blind Persons' Assistance 

Old Age Security Fund Deficit charged to Consolidated Fund 2 

General Health Grants 

Other Dept. of National Health and Welfare 

Unemployment Insurance — Administration 

— Government Contributions 

Other Dept. of Labour 

Dept. of Agriculture 

Agricultural Prices Support Account — Net Operating Loss 

National Research Council and Atomic Energy Control Board 

Post Office Department 

Dept. of Public Works 

Dept. of Northern Affairs and National Resources 

Royal Canadian Mounted Police 

Deficit of the Canadian National Railways 

Other Deficits, Charges, etc., re Govt. -Owned Enterprises 

Other Dept. of Transport 

Payments to C.B.C. from Excise Tax Revenue 

Assumption of Newfoundland Debt 

Other Expenditure (n.e.s.) 

Reserve for Possible Losses on Active Assets 

Provision for Supplementary Appropriations less Appropriations Lapsing 

Total Budgetary Expenditure 

3. Budgetary Surplus = 1-2 



1949/50 



279.1 

342.9 

601.4 

47.5 

29.9 

403.4 
206.3 
107.1 
38.2 
37.0 
225.9 

4.4 
84.5 
91.5 

29.6 

34.8 

16.4 

.2 



2,580.1 



384.9 



246.4 
38.3 

7.0 

439.8 
10.5 
19.7 

103.9 



297.5 
93.2 

15.7 
16.9 
20.4 
21.1 
9.8 

49.4 
3.5 
16.2 
82.6 
67.6 
22.6 
16.0 
42.0 
10.3 
74.1 

62.3 

201.9 

75.0 



2,448.6 



131.5 



1950/1 



336.4 

315.9 

809.3 

61.6 

33.6 

460.1 
207.0 
129.2 
70.8 
60.7 
295.7 

4.9 
90.5 
89.5 
17.6 
35.8 
15.8 
19.6 
58.5 



3,112.5 

782.5 

216.4 

3 

11.5 

425.2 
13.3 

123.9 

75.0 

309.5 
103.2 

18.9 
17.3 
21.9 
26.1 
13.9 

139.3' 

3.5 

18.0 

91.8 

81.7 

20.8 

19.8 

3.3 

5.3 

77.9 



206.2 
75.0 



2,901.2 



211.3 



1951/2 



612.6 

363.1 

1,133.1 

55.0 

38.2 

573.5 
206.9 
119.9 
100.9 
102.6 
346.4 

5.6 

104.6 

117.6 

17.7 

42.0 

14.7 

26.5 



3,980.9 



1,415.5 

31.0 

.9 

216.0 

3 

26.6 

519.9 6 
10.7 

127.2 

7.0 

98.0 

320.5 
83.2 
49.7 
24.3 
20.2 
23.5 
29.9 
9.9 

65.4 
1.7 
25.1 
98.0 
91.9 
17.4 
27.3 
15.0 
3.1 
81.7 



217.3 
75.0 

3,732.9 
248.0 



1952/3 



786.5 

393.5 

1,240.1 

53.7 

38.1 

563.3 
219.1 
127.1 
89.9 
83.8 
389.4 

13.0 

111.9 

116.9 

1.5 

49.9 

7.6 
30.5 
45.0 

4,360.8 



1,882.4 

88.8 

1.7 

241.4 

3 

26.6 

451.3 
13.1 

338.7 

5.1 

25.0 

334.2 
22.1 

27.3 
21.3 
25.0 
31.1 
10.2 

74.2 
32.5 
28.3 
105.6 
97.9 
19.5 
31.1 

5.3 
98.6 



224.0 
75.0 



4,337.3 



23.5 



1953/4* 



1,189.3 

1,193.4 
54.0 
40.0 

592.0 
207.6 
132.6 
101.0 
76.8 
408.0 

14.3 

111.5 

147.5 

3.9 

54.5 

7.9 
18.9 
46.9 

4,400.1 



1,839.7 

49.9 

3.3 

239.9 

3 

31.5 

476.7 
19.0 

338.1 

5.2 

38.0 

350.1 
23.6 

29.0 
24.6 
26.3 
31.9 
9.5 

71.5 
37.8 
28.2 
114.1 
114.5 
19.5 
34.0 

8.7 

111.5 

16.5 

247.4 
50.0 



4,390.0 
10.1 



1954/5* 



'1,235.0 

1,200.0 
55.0 
40.0 

607.0 

y 507.0 

415.0 

15.0 

Y 340.0 

> 50.0 
4,464.0 



1,908.0 

40.3 

6.5 

233.6 

3 

26.2 

492.1 
18.8 

350.8 
7.6 



366.0 
24.6 

31.8 

27.5 
28.1 
33.8 
10.3 

76.3 

29.6 

128.4 

151.1 

22.0 

39.1 

9.7 

125.5 

15.0 

289.1 

31.8 

4,460.0 

4.0 



Preliminary. ** Budget Estimates. 

Revenue and expenditure in respect of "Premium, Discount and Ex- 
change" consist mainly of book credits and debits arising from changes 
in the exchange rates used for valuation in the Government balance sheet 
of assets and liabilities (mainly cash balances and funded debt) which 
are payable in foreign currency. 

Budgetary Expenditure excludes Old Age Security Fund expenditures 
except for the Fund's deficit of 49.7 in 1951/2. 



Included under departmental headings (largely in Dept. of Agriculture), 
beginning in 1950/1. 

Includes contributions to International Refugee Organization, Inter- 
national Children's Emergency Fund, General Post-U.N.R.R.A. Relief, 
U.N.R.R.A. for Korea, and Relief for Yugoslavia, Greece, the Near East 
and Palestine Refugees. 

Includes 87.5 for adjustment of interest from a cash to an accrual basis. 
Includes special 65.0 payment to Canadian Wheat Board for distribution 
to wheat producers. 



MARCH 1954 SO 

GOVERNMENT OF CANADA : OVERALL FINANCIAL STATEMENT 

Fiscal Years ending March 31, in Millions of Dollars Department of Finance and Bank of Canada 



Receipts or Credits and Disbursements or Debits in respect of: 

3. Budgetary Accounts ( = Item 3 on opposite page) 

4. Non-Budgetary Accounts (ex. Debt Transactions shown under Item 5) 

Temporary Loans to Old Age Security Fund 

Advances to Defence Production Revolving Fund 

Credits to Defence Equipment Replacement Account 

Credits to Defence Materiel Replacement Suspense Account 

Advances to Agricultural Prices Support Board 

Other Working Capital Advances 

Loans to, and Investments in, Canadian National Railways 

Loans to Central Mortgage and Housing Corporation 

Loans to, and Investments in, Other Crown Agencies (Net) 

Advances to Exchange Fund Account 

Loans and Advances to United Kingdom and Other Governments 

Soldier Settlement and Veterans' Land Act Loans (Net) 

Other Loans and Investments (Net) 

Unamortized Discounts and Commissions on Loans 

Reserve for Possible Losses on Active Assets 

Drawings on Demand Notes Issued to Int. Bank & Monetary Fund 

Interest Accrued on Public Debt 

Colombo Plan Fund Account 

Provincial Corporate Income Tax Collections Suspense Account 

Contractors' Security Deposits and Holdback Accounts 

Prairie Farm Emergency Fund Account 

Newfoundland — Financial Surplus Deposit Account 

Other Deposit, Trust and Sundry Suspense Accounts (Net) 8 

Military Relief and Other Deferred Credits 

Interest Due and Outstanding 

Outstanding Cheques and Other Float Items (Net) 

Total 

5. Debt Transactions 9 

Increase in Liability re Government Annuities Account 

" Civil Service Superannuation Account 

" Permanent Services Pension Account 

" Miscellaneous Insurance and Pension Accounts. . . 

Increase or Decrease in Matured Funded Debt Outstanding 

" " Refundable Portion of Excess Profits Tax 

" Unmatured Funded Debt — Payable in Canada. . . . 
" " —Payable Abroad i 

Increase or Decrease in Securities Investment Account 

" Sinking Fund 

Increase or Decrease in Debt 

Total of Items 3, 4 and 5 = Increase or Decrease in Cash Balances i . . 



1949/50 


1950/1 


131.5 


211.3 


- 


175.5 


17.6 


19.4 


1.7 


1.4 


21.0 


19.9 


91.5 


79.4 


25.5 


3.0 


150.0 


475.0 


104.6 


43.4 


.8 


7.5 


20.4 


4.3 


3.2 


2.5 


75.0 


75.0 


45.0 


— 


8.1 


12.6 


.8 


3.0 


20.0 


_ 


14.7 


.7 


6.6 


.6 


3.1 


2.6 


2.1 


8.2 


219.5 


261.4 


61.4 


57.2 


8.6 


85.6 


16.5 


21.2 


6.9 


7.0 


15.2 


8.3 


54.8 


91.3 


534.6 


7.9 


192.4 


78.0 


437.1 


.1 


8.0 


5.5 


140.7 


4.3 


52.7 


54.4 



1951/2 



248.0 



82.4 

25.9 

1.6 

4.8 

13.9 

140.0 

73.6 

1.8 

200.0 

59.4 

1.5 

1.9 

5.8 

75.0 

7.5 
87.5 

14.4 
8.0 
3.6 
8.3 
8.9 
6.1 

.4 
97.8 

138.3 



55.5 

117.1 10 

44.5 

7.5 

18.1 

24.4 

281.9 

25.1 

49.3 
3.2 

177.4 

67.7 



1952/3 


1953/4* 


23.5 


10.1 


99.5 


54.7 7 


19.7 


17.1 


69.7 


41.4 


15.4 


12.0 


71.2 


49.8 


6.9 


8.4 


141.8 


18.1 


72.6 


92.5 


18.1 


8.6 


45.0 


15.0 


60.8 


92.6 


1.3 


.8 


3.1 


4.8 


6.4 


10.3 


75.0 


49 .4* 


7.9 


13.5 


25.9 


12.2 


19.9 


18.1 


29.8 


47.9 


24.6 


1 


5.8 


> 4.4 


.9 


f 


5.7 


J 


1.1 


8.6 


18.8 


1.1 


29.6 


34.1 


200.5 


142.4 


60.6 


62.3 


59.7 


104.0 


49.2 


55.4 


6.9 


20.6 


4.6 


39.5 


117.2 


234.3 


2.1 


6.7 


.6 


41.5 


1.7 


73.1 


284.6 


32.0 


107.6 


120.5 



1954/5* 



Old Age Security Fund Transactions 

Pension Payments 

Tax Receipts — 2 Per Cent Sales Tax 

" — 2 Per Cent Individual Income Tax 
" — 2 Per Cent Corporate Income Tax 



76.1 

24.3 

.1 

2.0 



323.1 

141.5 
45.2 
36.9 



26.4 



223.6 



338.8 

147.7 
90.7 
55.6 



294.0 



7. After allowing for 99.5 written off from Temporary Loans to the Old 
Age Security Fund against the Reserve for Possible Losses on Active 
Assets. 

8. Includes cash balances of Unemployment Insurance Fund. 

9. Changes in deposit, suspense, reserve and all other liability accounts not 
shown under Item 5 are included in "Non-Budgetary Accounts" under 
Item 4. 

10. Takes no account of the estimated deficiency in the Civil Service 



Superannuation Account which was set up in 1951/2 in the amount of 
214 as a deferred charge in the Government balance sheet, except to the 
extent of 25 which was amortized from budgetary expenditure in 1952/3. 

In his Budget Speech of April 6, 1954, the Minister of Finance estimated 
that non-budgetary accounts excluding loans to the C.N.R. but including 
receipts in insurance pension and annuity accounts would show a small 
net balance of receipts. 



51 



MARCH 1954 



GOVERNMENT OF CANADA 
DISTRIBUTION OF TOTAL TAX COLLECTIONS 1 



BILLIONS OF DOLLARS 

5 



BILLIONS OF DOLLARS 

5 



FISCAL YEARS ENDING MARCH 31 



TOTAL TAX COLLECTIONS 








1949 



1950 



1951 



1952 



1953 



1954* 



1955* 



95© 



1947 1946 

1. Excluding Old Age Security taxes of 26.4, 223.6, 294.0 and 305.0 in fiscal years ending Mar. 31, 1952, 1953, 1954 and 1955. 2. Including 

excess profits tax, ex-refundable portion where applicable. * Preliminary. ** Budget estimates. 



BUDGETARY EXPENDITURE BY CLASSES 1 



BILLIONS OF DOLLARS 



BILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 

700 



FISCAL YEARS ENDING MARCH 31 

millions OF OOLLA«s 

1700 




1947 



1948 



1949 



1950 



1951 



1952 



1953 



1954* 



1955* 



1956 

1. Excludes the pension payments from the Old Age Security Fund, except for the Fund's deficit of 49.7 in fiscal year ending Mar. 31, 1952. 

2. Dept. of National Defence, Dept. of Defence Production, other war and demobilization expenditures, and Civil Defence commencing in 
fiscal year ending Mar. 31, 1952. 3. Subsidies, special grants and tax rental payments. 4. Includes the Old Age Security Fund deficit 
of 49.7 in fiscal year ending Mar. 31, 1952. 5. After deduction in fiscal year 1955 of the whole allowance for lapsing of appropriations, 
some or all of which would be applicable to the other groupings of expenditure. * Preliminary. ** Budget estimates. 



.- 



MARCH 1954 



52 



Millions of Dollars 



NATIONAL ACCOUNTS : QUARTERLY ' 

DATA NOT SEASONALLY ADJUSTED 



Dominion Bureau of Statistics 





1952* 


1953* 


Calendar Years 




II 


III 


IV 


I 


II 


III 


IV 


1952 


1953 


NATIONAL INCOME AND 
GROSS NATIONAL PRODUCT 

Wages, salaries & supplementary labour income 
Military pay and allowances 


2,611 

67 

969 

110 

392 


2,752 
69 

993 
1,439 

401 


2,840 

74 

905 

233 

423 


2,775 
70 

854 
47 

341 


2,899 
77 

1,011 

92 

416 


2,994 

79 

1,002 

1,337 

417 


2,987 

83 

870 

191 

435 


• 

10,792 

270 

3,687 

1,934 

1,552 

18,235 

2,744 
2,126 
+ 107 

23,212 

21,278 


• 

11,653 

309 

3,739 


Net income of unincorporated business: farm 2 . 

other 3 


1,667 
1,680 


Net National Income At Factor Cost 

Indirect taxes less subsidies 

Depreciation and similar business costs 4 

Residual error of estimate 


4,149 

669 

509 

+35 

5,362 

5,252 


5,654 

704 

527 

+33 

6,918 

5,479 


4,475 

723 

558 

+70 

5,826 

5,593 


4,087 

707 
520 

5,314 

5,267 


4,495 

746 
556 

-44 


5,829 

740 

573 

+69 

7,211 

5,874 


4,566 

730 

617 

+51 

5,964 

5,773 


19,048 

2,908 

2,358 

+31 






G N P At Market Prices 


5,753 

5,661 


24,345 


G. N. P. less accrued net income of farm operators 


22,678 


GROSS NATIONAL EXPENDITURE 

Personal expenditure on consumer gds. & serv. . 
Government expenditure on goods and services 5 
Gross domestic investment 6 : housing 

non-residential construction 

machinery and equipment 

change in inventories: business 7 . 

other 7 . . . . 

Exports of goods and services "• 9 


3,575 
863 
200 
382 
566 
-9 
-218 
1,411 

6,770 

1,372 
-36 


3,487 

1,102 

223 

451 

466 

+47 

+ 1,103 

1,428 

8,307 

1,357 
-32 


4,053 

1,187 

237 

422 

449 

-79 

-393 

1,504 

7,380 

1,483 
-71 


3,451 

1,161 

193 

320 

485 

+ 128 

-244 

1,170 


3,788 

889 

269 

411 

549 

+251 

-255 

1,417 

7,319 

1,609 
+43 

5,753 


3,626 

1,218 
306 
524 
483 

+ 135 
+ 1,001 

1,491 

8,784 

1,504 
-69 

7,211 


4,170 

1,182 

294 

464 

403 

-139 

-294 

1,372 

7,452 

1,437 
-51 


14,424 
4,223 
786 
1,561 
1,918 
-88 
+329 
5,588 

28,741 

5,422 
-107 


15,147 
4,408 
1,062 
1,719 
1,920 
+376 
+209 
5,426 


Gross Available Supply 

Less: Imports of goods and services 9 

Residual error of estimate 


6,664 

1,350 


30,267 

5,892 
-30 






G.N.E. At Market Prices 


5,362 


6,918 


5,826 


5,314 


5,964 


23,212 


24,345 


GROSS NATIONAL EXPENDITURE IN 
CONSTANT (1949) DOLLARS 

Personal expenditure on consumer gds. & serv. . 
Government expenditure on goods & services 5 . 
Gross domestic investment 6 : housing 

non-residential construction 

machinery and equipment 

change in inventories: business. . 

other 

Exports of goods and services 8 > 9 

Gross Available Supply 

Less: Imports of goods and services 9 

Residual error of estimate 


3,069 

723 

162 

303 

475 

+32 

-312 

1,227 

5,679 

1,243 
-30 


2,983 

913 

181 

358 

395 

+65 

+ 1,354 

1,264 

7,513 

1,254 
-27 


3,461 

971 

190 

327 

382 

-86 

-428 

1,335 

6,152 

1,357 
-59 


2,950 

937 

154 

243 

410 

+ 126 

-264 

1,026 

5,582 
1,235 


3,260 

718 

213 

312 

461 

+210 

-309 

1,258 

6,123 

1,456 
+36 

4,703 


3,081 
974 
243 
399 
405 

+ 117 
+ 1,211 

1,332 

7,762 

1,361 
-57 

6,344 


3,549 

934 

234 

351 

337 

-122 

-350 

1,252 

6,185 

1,305 
-42 


12,286 
3,493 
635 
1,232 
1,615 
+44 
+403 
4,880 

24,588 

4,898 
-89 


12,935 
3,535 
844 
1,305 
1,613 
+306 
+289 
4,853 

25,680 

5,337 
-25 






G.N.E. At Market Prices 


4,406 


6,232 


4,736 


4,347 


4,838 


19,601 


20,318 


PERSONAL INCOME AND EXPENDITURE 

Wages, salaries & supplementary labour income 
Less: Soc. ins. & Govt, pension fund contrib. 10 
Military pay and allowances 


2,611 

83 

67 

467 

395 

337 


2,752 

83 

69 

1,778 

372 

347 


2,840 

88 

74 

727 

397 

348 


2,775 

92 

70 

366 

391 

442 


2,899 

94 

77 

530 

422 

357 


2,994 

96 

79 

1,702 

426 

358 


2,987 
100 
83 
653 
417 
367 


10,792 

357 

270 

3,461 

1,530 

1,432 


11,653 
386 
309 


Net income of unincorporated business u 

Int., div. & net rental income of persons 12 . . . 
Transfer payments to persons 13 


3,322 
1,654 
1,527 


Personal Income 

Less: Personal direct taxes l4 


3,794 

367 


5,235 

307 


4,298 

334 


3,952 

358 


4,191 

416 


5,463 

323 


4,407 

335 


17,128 

1,323 

15,805 

8,517 
1,559 
4,348 
+237 
+ 1,144 


18,079 

1,432 


Personal Disposable Income 


3,427 

2,041 

435 

1,099 

-215 

+67 


4,928 

2,087 

368 

1,032 

+ 1,050 

+391 


3,964 

2,486 
423 
1,144 
-447 
+358 


3,594 

1,904 

413 

1,134 

-268 

+411 


3,775 

2,128 
501 
1,159 
-180 
+ 167 


5,140 

2,126 
403 
1,097 
+892 
+622 


4,072 

2,535 
438 
1,197 
-380 
+282 


16,647 

8,766 

1,759 

4,622 

+64 


Expenditure on goods: non-durables 

durables 

Expenditure on serv. (incl. net expend, abroad) 
Personal saving: in farm inventories 


other 


+1,436 





For footnotes see page 53. 



53 



MARCH 1954 



Dominion Bureau of Statistics 



NATIONAL ACCOUNTS : QUARTERLY * 

SEASONALLY ADJUSTED AT ANNUAL RATES 15 



Millions of Dollars 



1952* 



II 



III 



IV 



1953* 



II III IV 



NATIONAL INCOME AND 
GROSS NATIONAL PRODUCT 

Wages, salaries and supplementary labour income 

Military pay and allowances 

Investment income 

Net income of unincorporated business: farm 2 . . . 

other 3 . . . 

Net National Income At Factor Cost. 

Indirect taxes less subsidies 

Depreciation and similar business costs 4 

Residual error of estimate 

G.N.P. At Market Prices 

G.N. P. less accrued net income of farm operators. 



10,492 

240 

3,620 

1,996 

1,428 

17,776 

2,708 

2,032 

+24 

22,540 

20,544 



10,552 

268 

3,648 

1,708 

1,540 

17,716 

2,664 
2,120 
+356 

22,856 

21,148 



10,704 

276 

3,612 

1,748 

1,516 

17,856 

2,836 
2,064 
+368 

23,124 

21,376 



11,224 

296 

3,784 

2,284 

1,604 

19,192 

2,768 
2,064 
-104 

23,920 

21,636 



11,444 

280 

3,896 

1,636 

1,588 

18,844 

2,956 

2,200 

-28 

23,972 

22,336 



11,692 

308 

3,812 

1,548 

1,632 

18,992 

2,972 

2,264 

+8 

24,236 

22,688 



11,716 

316 

3,652 

1,760 

1,584 

19,028 

2,968 
2,272 
+244 

24,512 

22,752 



GROSS NATIONAL EXPENDITURE 

Personal expenditure on consumer goods and services 
Government expenditure on goods and services 5 . . . . 
Gross domestic investment &: housing. 

non-residential construction 

machinery and equipment 

change in inventories: business 7 

other 1 

Exports of goods and services 8, 9 

Gross Available Supply 

Less: Imports of goods and services 9 

Residual error of estimate 

G.N.E. At Market Prices 



13,996 
3,888 
668 
1,548 
1,792 
-260 
+676 
5,632 

27,940 

5,376 

-24 

22,540 



14,320 
4,224 
728 
1,504 
1,980 
-320 
+336 
5,596 

28,368 

5,156 
-356 

22,856 



14,312 
4,400 
812 
1,568 
1,992 
+296 
-16 
5,488 

28,852 

5,356 
-372 

23,124 



14,708 
4,412 
936 
1,624 
1,908 
+80 
+320 
5,608 

29,596 

5,780 
+ 104 

23,920 



14,980 
4,388 
1,020 
1,620 
2,016 
+ 188 
+404 

. 5,344 

29,960 

6,012 
+24 

23,972 



15,064 
4,440 
1,000 
1,636 
1,864 
+708 
-40 
5,616 

30,288 

6,044 



24,236 



14,968 
4,464 
1,044 
1,836 
2,088 
+612 
-20 
5,692 

30,684 

5,928 
-244 

24,512 



PERSONAL INCOME AND EXPENDITURE 

Wages, salaries and supplementary labour income. . . . 

Less: Soc. ins. and Govt, pension contrib. 10 

Military pay and allowances 

Net income of unincorporated business n 

Interest, dividends and net rental income of persons l2 
Transfer payments to persons 1 3 

Personal Income 

Less: Personal direct taxes 14 

Personal Disposable Income 

Expenditure on goods: non-durables 

durables 

Expenditure on services (incl. net expenditure abroad) 

Personal saving, in farm inventories 

other 



10,492 

328 

240 

3,428 

1,568 

1,304 

16,704 

1,240 

15,464 

8,400 
1,404 
4,192 
+372 
+ 1,096 



10,552 

344 

268 

3,108 

1,576 

1,480 

16,640 

1,288 

15,352 

8,412 

1,580 

4,328 

-28 

+ 1,060 



10,704 

328 

276 

3,016 

1,548 

1,448 

16,664 

1,356 

15,308 

8,468 
1,520 
4,324 
+ 192 
+804 



11,224 

344 

296 

4,172 

1,468 

1,468 

18,284 

1,396 

16,888 

8,600 
1,624 
4,484 
+416 
+ 1,764 



11,444 

368 

280 

3,136 

1,624 

1,472 

17,588 

1,432 

16,156 

8,576 

1,872 

4,532 

-44 

+ 1,220 



11,692 

388 

308 

3,268 

1,684 

1,576 

18,140 

1,428 

16,712 

8,812 
1,692 
4,560 
-120 
+ 1,768 



11,716 

380 

316 

3,136 

1,772 

1,496 

18,056 

1,440 

16,616 

8,648 

1,744 

4,576 

-32 

+ 1,680 



ir The calendar year totals for 1952 and 1953 include revisions not yet 
incorporated in the quarterly data. Source: The Budget White Paper 
1954, based on D.B.S. estimates. 

1. Quarterly figures are available back to the beginning of 1947. The sources 
are the D.B.S. publications: "National Accounts, Income and Expendi- 
ture, By Quarters, 1947-1952" and "National Accounts, Income and 
Expenditure, Fourth Quarter, 1953". 

2. Accrued net income of farm operators from farm production. This item 
includes the undistributed earnings of the Canadian Wheat Board, and 
an inventory valuation adjustment for grain held by the Board. 

3. Includes net income of independent professional practitioners. 

4. Includes an estimate of capital outlay charged to current account, the 
claim portion of fire insurance premiums, and bad debt allowances. 

5. Includes expenditure by Federal, Provincial and Municipal governments. 
Capital expenditure by government bodies other than public business 
enterprises, changes in inventories of government commodity agencies 
and the Defence Production Revolving Fund are included in this item. 
However, shipments under NATO of previously produced military 
equipment are excluded but expenditure for the replacement of new 
equipment is included. 

6. Includes capita] expenditure by government business enterprises. 

7. Changes in business inventories is the change in the book value. Change 
in "other inventories" is the value of the physical change in grain in 
commercial channels and inventories on farms. 

8. Excludes exports financed by Government of Canada expenditure on 
Mutual Aid and foreign relief. 



9. Minor adjustments have been made by D.B.S. to the figures of current 
receipts and payments as shown in the "Canadian Balance of Inter- 
national Payments" to achieve consistency with National Accounts 
concepts. 

10. Includes both employer and employee contributions. 

11. This item differs from the corresponding component of G.N.P. in that 
it excludes undistributed earnings (and inventory valuation adjustment) 
of the Canadian Wheat Board. 

12. Includes all government debt interest paid to persons. 

13. Includes transfer payments made by governments (except interest paid 
on transfer portion of the public debt), charitable donations from cor- 
porations and net bad debt losses of the corporations. In the G.N.P. 
account the latter are included in the item "Depreciation and Similar 
Business Costs" and amounted to an average of 7 (unadjusted) and 24 
(adjusted at annual rates) per quarter over the last 8 quarters. 

14. Includes succession duties and miscellaneous taxes as well as personal 
income taxes. 

15. Note on Seasonal Adjustment: 

Except in the case of crop production seasonal adjustments are based on 
normal seasonal patterns, and the effects of abnormal seasonal influences, as 
well as of all non-seasonal influences, are left in the seasonally-adjusted figures. 
In the case of crop production the annual value is divided equally between the 
four quarters of the calendar year. 

For further information see the D.B.S. publications named in footnote 1. 
* Subject to further revision. 



MARCH 1954 



54 



NATIONAL ACCOUNTS 



COMPONENTS OF GROSS NATIONAL EXPENDITURE 

SEASONALLY ADJUSTED AT ANNUAL RATES 
BILLIONS OF DOLLARS BILLIONS OF DOLLARS 




1947 1946 1949 1950 

* Includes the change in the book value of business inventories. 



1951 



1953 



COMPONENTS OF TOTAL INVESTMENT 

SEASONALLY ADJUSTED AT ANNUAL RATES 



BILLIONS OF DOLLARS 

6 



BILLIONS OF DOLLARS 

6 




1947 1948 1949 

* Includes the change in the book value of business inventories 



1950 



1951 



1952 



1953 



55 



MARCH 1954 



MARCH 1954 



56 



SELECTED AGRICULTURAL STATISTICS 1 : QUARTERLY 

Department of Agriculture, Board of Grain Co mm issioners and Dominion Bureau of Statistics 





PRODUCTION 




Livestock 


Field Crops 


Dairying 


Eggs 
6 


D.B.S. 




Inspected Slaughterings 


Exports 


Wheat 

Mm. acres Mm. bus. 


Oats Oats 


Barley 


Other Grains 
2 


Butter 

3 


Cheddar 
Cheese 


Concentrated 

Milk 

Products 

4 


Total 
Milk 

5 


Index of 




Cattle 

and 

Calves 


Sheep 
Hogs and 
Lambs 


Total 


Cattle, Bacon and 
Calves Beef H 
and Veal 

(Dressed Weight) 


Physical 
Volume of 
Agricultural 
Production 


1950— III 
IV 


519 

492 


831 
1,231 


183 
246 

521 

60 
31 , 
137 

210 

439 

62 

52 

. 146 

253 

513 

77 

36 

185 

244 

543 

83 


1,533 
1,969 

6,984 

1,525 
1,679 
1.435 
2,021 

6,660 

1,831 
2,109 
1,836 
2,777 

8,553 

1,843 
1,821 
1,614 
1,997 


65 
74 

259 

39 
66 
50 
35 

190 

8 
18 
29 
18 

73 

10 
13 
22 
11 

56 


4 
17 

79 

3 
1 
1 
1 

6 

1 
1 
1 
1 

4 

1 
2 
3 

1 

7 








7 
8 
8 
9 




2 
2 

2 

2 




111 

55f 

309t 

36 
98 

112 
58f 

304f 

37 

105 
117 
63f 

323f 

42 
114 
121 

64 


42 
15 


132 

67 


5,159 
3,301 


TIiohs. of case* 

978 
1,020 




Yearly Total 

1951 — I 

II 

III 

IV 


2,058 

360 
555 
432 
386 


4,405 

1,105 

1,092 

866 

1,424 

4,488 

1,452 
1,530 
1,233 
2,019 

6,234 

1,306 

1,186 

856 

1,167 


27 


462 


12 420 


171 


92 


98 

5 
28 

40 
15 


382 

55 
156 
149 

76f 


16,449 

2,749 
4,976 
5,191 
3,438 

16,424 

2,829 
5,097 
5,240 
3,470f 

16,635f 

3,006 
5,346 
5,346f 
3,610 


5,010 

1,267 

1,293 

939 

1,206 


136.0 1 


Yearly Total 

1952 — I 
II 
III 

IV 


. 1,734 

317 

526 
457 
505 


25 


553 


12 488 

1 


245 


87 


89f 

4 
23 
28 
12 


436f 

61 
172 
161 

77 


4,705 

1,600 
1,541 
1,048 
1,242 

5,431 

1,428 
1,462 
1,069 
1,263 


152.3 ' 


Yearly Total 

1953— I 
II 
III 

IV 


1,805 

459 
598 
572 
586 


26 


688 


11 467 


291 


86 


67 

5 
25 
28 

13 


472 

62 
158 
138 

80 


165.0 


Yearly Total* 
1954 — I* 


2,216 
542 


4,516 
1,108 


7,275 
1,733 


26 


614 


10 407 


262 


86 


342 


70 


439 


17,308 


5,221 
1,548 







PRICES 8 


FARM CASH AND NET INCOME FROM SALE OF FARM PRODUCTS 




D.B.S. Index 

of Farm Prices 

of Agricultural 

Products 

9 


Wholesale Prices 


By Products 


By Regions 


Total 

Net 

Income 




Wheat io 
(No. 1 Northern) 


Steers 

(Good up to 1000 

lbs.. Toronto) 


Hogs 

(Grade Bl 

Dressed, Toronto) 


Butter 

12 


Cheddar 
Cheese 

13 


Participation 
Field and 
Crops Equalization 

Payments 1 4 


Livestock 


Dairy 

Products, 

Poultry and 

Eggs 


All 
Other 


Total 

Cash 

Income 


Maritimes 


Quebec 

and 
Ontario 


Western 
Provinces 


Total Cash 

Income 
(Incl. certain 
Govt.Pay'ts.Jts 




11 Class II 


16 




1035-39 = 100 


Cents per bushel 


Dollars per cwt. 


Cents per pound 


Millions of Dollars 


1950— III 
IV 


270.6 
265.1 


198.0 
188.8 


203.0 
195.5 


28.41 
27.23 


31.30 
29.03 


53.0 
56.4 


33.0 
36.0 


237 1 
269 43 


205 
239 


141 
128 


18 
48 


602 
727 


23 
32 


269 
272 


311 
422 


603 

727 




Yearly Total 

1951 — I 
II 
III 

IV 


260.8 

284.7 
295.3 
307.0 
300.3 


195.7 

189.0 
191.5 
190.3 
187.3 


207.6 

211.5 

229.7 
236.9 
242.2 


24.74 

30.80 
33.12 
33.67 
33.84 


28.98 

33.30 
34.34 
35.53 
29.03 


56.2 

64.0 
61.6 
63.0 
64.5 


32.1 

37.9 
36.0 
36.4 
36.1 


709 50 

114 " 18 
140 165 
218 1 
345 129 


820 

215 

241 
206 
235 


501 

102 

161 

184 
177 


133 

32 
50 
21 
59 


2,213 

481 

757 
629 
945 


103 

26 
29 
25 

39 


1,035 

269 
308 
312 
328 


1,075 

186 

420 
292 
577 


2,227 

489 
758 
630 
945 


1,448 


Yearly Total 

1952 — I 
II 
III 
IV 


296.8 

286.9 
273.8 
270.8 
257.3f 

274.5f 

260 .3f 
254.7f ■ 
243. 8f 
231.3 


189.5 

180.2 
176.7 
173.4 
174.7 


230.1 

237.4 
223.6 
215.4 
223.6 


32.60 

29.12 
25.03 
25.80 
23.14 


32.85 

26.41 
25.60 
25.60 
25.60 


63.3 

66.5 
58.5 
57.3 
61.0 


36.6 

36.1 
30.2 
29.7 
30.4 


817 313 

200 49 
238 15 
306 1 
371 159 


896 

156 
169 
151 
200 


624 

120 
151 
167 
163 


162 

35 
50 
20 

58 


2,812 

560 
622 
645 
951 


119 

26 
29 
23 

40 


1,217 

271 
259 
283 
288 


1,475 

264 
334 
340 
623 


2,822 

562 
623 
647 
952 


2,189 


Yearly Total 

1953 — I 
II 
III 
IV 


176.2 

175.8 
178.3 
193.3 
191.2 


225.0 

218.7 
210.8 
202.3 
191.2 


25.15 

22.08 
19.62 
19.27 
18.90 


25.70 

26.21 
30.62 
33.81 
32.60 


60.8 

62.7 
58.1 
57.5 
60.2 


31.6 

31.4 
29.6 
28.1 
31.9 


1,115* 223* 

217 3 
200 73 
365 9 


676* 

154 
159 
155 


602* 

128 
165 

179 


162* 

33 
46 
19 


2,778* 

535 

640 
726 

774** 


118* 

25 
24 
21 


1,101* 

256 
253 
279 


1,560* 

255 

363 
427 


2,783* 

536 
640 
728 
772** 


1,950* 


Yearly Total* 
1954 — I* 


247.5 


184.7 
183.9 


205.7 
183.9 


19.97 
17.97 


30.81 
34.71 


59.6 
61.0 


30.3 
32.5 










2,675** 








2,676** 





Exclude Newfoundland, 

2. Buckwheat, mixed grains and shelled corn. 

3. Creamery, dairy and whey butter, 

4. Whole milk products and milk by-products. 

5. Total milk production by quarters does not include the milk equivalent 
of factory cheese other than cheddar included in the annual totals. 

6. Registered egg station gradings. 



Allowances made for the low quality of the 1950 and 1951 western grain 

crop. 

Prices are quarterly and annual averages. 

Subject to upward revision when final western wheat, oats and barley 

prices are available for 1953-54 crop year. 

Basis in store Fort William-Port Arthur or Vancouver. 



11. Up to July 31, 1953 excludes 6 cents carrying charges, after that date 
carrying charges are included in the price quoted. 

12. No. 1 pasteurized, current receipts, price delivered. 

13. Ontario coloured, current receipts, price f.o.b. factory. 

14. Wheat participation and adjustment payments, oats and barley equali- 
zation payments and flax-seed adjustment Payments. The wheat parti- 
cipation and adjustment payments for the years 1950, 1951 and 195J 



amounted to 8, 271 and 166 respectively. 

15. Payments under the Prairie Farm Assistance Act. 

16. Net Income is Cash Income plus income in kind plus increase in inven- 
tories on the farm less farm operating costs. 

t Revised. 
* Preliminary. 
** Estimates. Quarterly details for Farm Cash Income was not available. 



57 



Thousands of Units 



MARCH 1954 



NEW PASSENGER AUTOMOBILE STATISTICS f 





Canadian Passenger 


Imports 


of New Passenger 




Domestic Retail 








Automobiles 


Automobiles 2 


Total 


Sales 


Apparent 
Change 

In 
Stocks 

5 


Total 
Regis- 
trations 
(New and 
Used) 




Produc- 
tion 


Less: 
Exports 


Available 

for 

Domestic 

Market 


From 
U.S.A. 


From 
U.K. and 
all other 


Total 
Imports 


Domestic 
Supply 


Total 


. % 
Financed 

3 


Annual Totals 
























1939 


108.4 


38.5 


69.8 


15.6 


.4 


16.1 


85.9 


90.1 


41.4* 


-4.2 


1,190.0 


1946 


91.9 


23.5 


68.4 


18.1 


.6 


18.6 


87.1 


77.7 


14.3 


+9.3 


1,234.0 


1947 


167.4 


41.6 


125.9 


33.6 


1.9 


35.5 


161.4 


159.2 


17.2 


+2.2 


1,370.2 


1948 


167.8 


27.3 


140.5 


2.8 


14.2 


17.0 


157.5 


145.7 


20.5 


+ 11.9 


1,496.8 


1949 


193.0 


17.5 


175.6 


3.6 


31.7 


35.3 


210.8 


202.3 


26.3 


+8.5 


1,672.4 


1950 


282.7 


24.1 


258.6 


3.2 


78.5 


81.7 


340.2 


324.9 


29.9 


+ 15.3 


1,906.9 


1951 


289.6 


37.2 


252.4 


14.1 


25.7 


39.8 


292.2 


275.7 


29.6 


+16.5 


2,097.6 


1952 


284.6 


41.7 


243.0 


13.8 


19.8 


33.7 


276.6 


292.1 


42.8 


-15.5 


2,296.5 


1953** 


366.5 


28.0 


338.6 


23.5 


29.6 


53.1 


391.7 


359.2 


40.8 


+32.5 


* 


Quarterly 
























1950 —IV 


72.3 


7.4 


64.9 


1.4 


18.5 


19.9 


84.8 


73.7 


30.3 


+ 11.0 


• 


1951 — I 


91.9 


3.6 


88.3 


6.0 


8.4 


14.3 


102.6 


97.8 


23.2 


+4.8 


* 


II 


86.6 


8.6 


78.1 


5.9 


16.7 


22.6 


100.7 


83.8 


26.9 


+ 16.9 


* 


III 


59.0 


11.0 


48.0 


1.6 


3.0 


4.6 


52.6 


53.8 


37.6 


-1.1 


* 


IV 


52.1 


14.1 


38.0 


.6 


-2.3 


-1.7 


36.3 


40.3 


40.3 


-4.0 


* 


1952 — I 


61.0 


17.9 


43.1 


2.9 


-.7 


2.2 


45.3 


54.9 


35.5 


-9.6 


* 


II 


85.2 


7.5 


77.6 


4.9 


7.0 


11.9 


89.5 


100.5 


39.4 


-11.0 


* 


III 


69.7 


6.7 


63.0 


3.0 


9.5 


12.5 


75.5 


69.9 


48.4 


+5.7 


* 


IV 


68.8 


9.5 


59.2 


3.0 


4.1 


7.1 


66.3 


66.9 


47.8 


-.5 


• 


1953**— I 


99.3 


6.6 


92.7 


5.8 


5.0 


10.8 


103.5 


93.0 


35.0 


+ 10.5 


* 


II 


112.7 


8.5 


104.2 


11.2 


14.6 


25.8 


130.0 


121.5 


38.2 


+8.5 


* 


III 


87.9 


5.8 


82.1 


4.6 


7.7 


12.3 


94.4 


79.1 


46.2 


+ 15.3 


* 


IV 


66.6 


7.0 


59.6 


1.8 


2.4 


4.2 


63.8 


65.5 


47.1 


-1.7 


* 



Sources: Production, "Ward's Automotive Reports"; Exports and Imports, "Trade of Canada", D.B.S.; Domestic Retail Sales, "New Motor Vehicle Sales and 
Motor Vehicle Financing", D.B.S.; Total Registrations, "The Motor Vehicle, 1952", D.B.S. 1. Include Newfoundland commencing in 1949. 2. Less 

re-exports, assumed to be entirely of other than U.S.A. origin. 3. Data on domestic retail sales financed include only financing through sales finance companies. 

4. Includes new commercial vehicles in 1939. 5. In the hands of manufacturers, wholesalers and retailers. * Not available. **Preliminary. 



Millions of Dollars 



INTERNATIONAL SECURITIES TRANSACTIONS 1 : QUARTERLY 

Compiled from "Sales & Purchases of Securities between Canada & Other Countries," Dominion Bureau of Statistics 



Quarterly Totals 



1952* 



IV 



1953" 



I 



II 



III 



IV 



Net Sales (+) or Purchases (-) By Canadians 



Canadian Securities: 
Outstanding issues 

New issues 

Retirements 

Foreign Securities: 
Outstanding issues 

New issues 

Retirements 

Total 



-25 
+46 
-29 



+ 10 

+ 130 

-27 



+ 1 
-1 
+ 1 

+ 114 



-36 
+50 
-89 



+3 
-1 



73 



-4 

+ 12 

-9 



+ 1 
-2 



-1 

+ 130 

-19 



+ 14 
-19 



+105 



Detail of Trade in Outstanding Issues 














Sales 


Purchases 


Sales 


Purchases 


Sales 


Purchases 


Sales 


Purchases 


Sales 


Purchases 




To 


From 


To 


From 


To 


From 


To 


From 


To 


From 


Canadian Securities: 






















Bonds — Govt, of Canada direct & 






















guaranteed; United States. . . . 


3 


41 


10 


15 


5 


53 


4 


9 


14 


20 


Other countries . . 


3 


3 


4 


2 


10 


6 


4 


4 


17 


7 


Other bonds; United States. . . . 


14 


11 


10 


14 


6 


14 


4 


8 


5 


9 


Other countries . . 


2 


- 


2 


1 


6 


1 


6 


1 


6 


1 


Shares; United States. . . . 


52 


47 


77 


65 


58 


51 


38 


41 


42 


52 


Other countries . . 


10 


7 


13 


9 


12 


8 


10 


7 


16 


12 


Total Canadian Securities 


84 


109 


116 


106 


97 


133 


66 


70 


100 


101 


Foreign Securities: 




Bonds; United States. . . . 


1 


2 


4 


4 


4 


6 


2 


2 


14 


4 


Shares; United States. .. . 


17 


17 


25 


25 


25 


19 


15 


15 


20 


16 


Bonds & shares; Other countries. . . 


1 


- 


2 


1 


- 


1 


2 


1 


2 


2 


Total Foreign Securities 


19 


19 


31 


30 


29 


26 


19 


18 


36 


22 



1. Includes all portfolio security transactions between Canada and other countries based on delivery dates and transaction values. 
* Subject to further revision. ** Preliminary. 



MARCH 1954 



58 



CANADIAN BALANCE OF INTERNATIONAL PAYMENTS: QUARTERLY 

"Quarterly Estimates of the Canadian Balance of International Payments" , Dominion Bureau of Statistics 
Millions of Dollars 



Current Receipts i 

Merchandise exports (adjusted) 2 

Gold production available for export 

Travel expenditures 

Interest and dividends 

Freight and shipping 

Inheritances and immigrants' funds 

All other current receipts 

Total Current Receipts 

Current Payments i 

Merchandise imports (adjusted) 2 

Travel expenditures 

Interest and dividends 

Freight and shipping 

Inheritances and emigrants' funds 

Official contributions 

All other current payments 

Total Current Payments. 

Balance on merchandise trade 

Balanceon other transactions (excluding 

"Official contributions") 

Official contributions 

Current Account Balance 

Capital Account 3 

Direct Investment 

Direct investment in Canada 4 

Direct investment abroad * , 

Canadian Securities 

Trade in outstanding issues 

New issues 

Retirements 

Foreign Securities 

Trade in outstanding issues 

New issues 

Retirements 

Loans by Government of Canada 

Repayment of post-war loans 

Repayment of war loans 

Change in Canadian dollar holdings of 

foreigners 5 

Change in official holdings of gold and foreign 

exchange (minus sign denotes increase) . 
Other capital movements 6 

Net Capital Movement 



1952* 



1,010 
41 
24 
17 
84 
17 
63 

1,256 



889 
63 
82 
65 
21 
11 
97 

1,228 



+ 121 

-82 
-11 

+28 



+68 
-6 



+89 
-12 

+6 
-19 



+2 

-5 

+24 
-175 

-28 



II 



1,123 
35 
53 
31 
98 
27 
72 

1,439 



984 
97 



24 

106 

1,397 



+ 139 
-97 

+42 



+75 
-15 

-19 

+ 161 
-41 

+2 
-1 



+9 
+6 

+3 

-32 
-190 

-42 



III 



1,049 
37 
156 
22 
98 
22 
72 

1,456 



936 

110 

95 

105 

24 

112 
1,382 



+ 113 
-39 

+74 



+ 103 
-15 

-51 
+23 

-7 

+2 



+8 

+2 

-25 
-114 

-74 



IV 



1,155 
37 
42 
72 
103 
19 
94 

1,522 



1,037 

71 

148 

107 

25 

5 

116 

1,509 



+ 118 

-100 
-5 

+ 13 



+86 
-28 

-25 
+46 
-29 



+24 

+7 

-66 

-4 
-24 

-13 



1953* 



918 
48 
26 
27 
72 
16 
73 

1,180 



1,001 
68 
86 
73 
21 
10 
110 

1,369 



-83 

-96 
-10 

-189 



+ 100 
-5 

+ 10 
+ 130 

-27 

+ 1 
-1 
+ 1 

+2 
+4 

+46 

+ 16 
-88 

+189 



II 



1,113 
37 
57 
33 
92 
28 
79 

1,439 



1,161 

95 

102 

108 

22 

9 

132 

1,629 



-48 

-133 
-9 

-190 



+90 
-10 

-36 
+50 
-89 

+3 
-1 



+11 

+7 

+21 

+91 
+53 

+ 190 



III 



1,077 
30 
172 
23 
87 
24 
96 

1,509 



1,051 

124 

81 

111 

23 

3 

132 

1,525 



+26 

-39 
-3 

-16 



+95 
-10 

-4 

+ 12 

-9 

+ 1 
-2 



+39 
-69 

-35 

-2 

+16 



IV 



1,044 
29 
47 
76 
89 
21 
81 

1,387 

994 
78 

141 

98 

24 

2 

122 

1,459 



+50 

-120 
-2 

-72 



+ 100 
-30 

-1 

+130 

-19 

+ 14 
-19 



+24 



-11 

-34 
-82 

+72 



Annual Totals 



1952* 



4,337 
150 
275 
142 
383 
85 
301 

5,673 



3,846 
341 
413 
375 
94 
16 
431 

5,516 



+491 

-318 
-16 

+157 



+332 
-64 

-95 

+319 

-89 

+ 10 
-20 



+33 
+23 

-66 

-37 
-503 

-157 



1953* 



4,152 
144 
302 
159 
340 
89 
329 

5,515 



4,207 
365 
410 
390 
90 
24 
496 

5,982 



-55 

-388 
-24 

-467 



+385 
-55 

-31 
+322 
-144 

+ 19 

-23 

+1 

+37 
+50 

-13 

+38 
-119 

+467 



■k The current account balances in 1952 and 1953 with the United States were; 
-858 and -948: with the United Kingdom; +387 and +141: with all 
other countries; +628 and +340. 

1. Mutual Aid to NATO countries is not included in either current receipts 
or current payments. 

2. As used in the balance of payments, merchandise trade is adjusted to 
exclude such non-commercial items as settlers' effects, and tourist purchases 
which are covered elsewhere in the accounts. Since 1951, furthermore, 
payments for defence purchases by governments have been substituted for 
the actual physical movements of the commodities as reported in Customs 
trade statistics. 

3. A minus sign indicates an outflow of capital from Canada. 



4. Exclusive of undistributed profits. 

5. Excludes changes in holdings of International Monetary Fund and 
International Bank for Reconstruction and Development. 

6. This item includes mainly short-term capital movements in the form of 
changes in international open account commercial indebtedness, private 
and chartered bank holdings of exchange, and loans between private 
unrelated parties. It also includes the balancing item representing un- 
recorded capital movements and errors and omissions. Includes changes 
in holdings of International Monetary Fund and International Bank 
for Reconstruction and Development. 

* Subject to further revision. **Preliminary. 



59 



MARCH 1954 



U.S.A. ECONOMIC STATISTICS 

U.S. Department of Commerce 



U.S. Dept. of Labor 



Federal 
Reserve 









Govt. 
















Average 






Gross 
National 
Product 


Change in 

Business 

Inventories 


Expend- 
iture on 
National 
Security 
1 


Savings 

as a 

Percentage 

of 
Disposable 


Total 
Personal 
Income 


Con- 
struction 

3 


Unem- 
ployment 


Retail 

Sales 

4 


Consumer 
Price 
Index 


Wholesale 

Prices: 
All Com- 
modities 


Hourly 
Earnings 
in Manu- 
facturing 
5 


Total 
Industrial 
Production 

4 




Billions of Dollars 2 


Income 


Billions of $ 2 


Billionsof $ 


Millions 


Billions of $ 


1947-49 = 100 


Dollars 


1947-49 = 100 


Annual Averages 6 


























1929 


103.8 


1.6 


* 


4.5 


85.1 


10.8 


1.6 


48.5 


73.3 


61.9 


.57 


59 


1933 


55.8 


-1.6 


* 


-2.7 


46.6 


2.9 


12.8 


24.5 


55.3 


42.8 


.44 


37 


1937 


90.2 


2.3 


* 


5.5 


74.0 


7.0 


7.7 


42.2 


61.4 


56.1 


.62 


61 


1946 


211.1 


6.1 


21.2 


7.6 


177.7 


12.0 


2.3 


102.5 


83.4 


78.8 


1.09 


90 


1950 


286.8 


7.5 


18.5 


5.5 


226.7 


28.8 


3.1 


143.7 


102.8 


103.1 


1.47 


112 


1951 


329.8 


10.9 


37.4 


7.5 


254.3 


30.9 


1.9 


158.2 


111.0 


114.8 


1.59 


120 


1952 


348.0 


3.7 


48.9 


7.2 


269.7 


32.6 


1.7 


164.1 


113.5 


111.6 


1.67 


124 


1953 


367.2 


2.5 


51.8 


7.3 


284.5 


34.8 


1.5 


170.8 


114.4 


110.1 


1.76 


134 


Monthly 


























1953— Jan. 


] 






c 


280.5 


2.4 


1.9 


14.1 


113.9 


109.9 


1.74 


134 


Feb. 


[ 363.9 


3.7 


51.6 


7.2 \ 


281.0 


2.3 


1.8 


14.5 


113.4 


109.6 


1.74 


134 


Mar. 


I 






1 


283.6 


2.5 


1.7 


14.4 


113.6 


110.0 


1.75 


135 


Apr. 


1 






[ 


282.7 


2.7 


1.6 


14.3 


113.7 


109.4 


1.75 


136 


May 


[371.4 


6.3 


53.5 


6.9 j 


284.7 


2.9 


1.3 


14.4 


114.0 


109.8 


1.76 


137 


June 


J 






I 


286.3 


3.2 


1.6 


14.5 


114.5 


109.5 


1.76 


136 


July 


) 






t 


287.5 


3.3 


1.5 


14.5 


114.7 


110.9 


1.77 


137 


Aug. 


[369.5 


3.1 


52.1 


7.5 \ 


287.0 


3.3 


1.2 


14.1 


115.0 


110-.6 


1.77 


136 


Sept. 


1 








286.3 


3.3 


1.2 


14.0 


115.2 


111.0 


1.78 


133 


Oct. 


1 






f 


287.2 


3.2 


1.2 


14.0 


115.4 


110.2 


1.78 


132 


Nov. 


[ 363.5 


-3.0 


50.0 


7.7 


285.9 


3.0 


1.4 


14.1 


115.0 


109.8 


1.78 


129 


Dec. 


J 






1 


284.6 


2.7 


1.9 


13.9 


114.9 


110.1 


1.79 


127 


1954— Jan. 










283.7| 


2.4 


2.4(3.17) 


13 .7f 


115.2 


110.9f 


1.80 


125 


Feb.** 










282.9 


2.3 


3.4(3.7?) 


13.8 


115.0 


110.5 


1.79 


123 



1. Includes stockpiling, atomic energy, and Mutual Defence Assistance in 
addition to strictly military programmes. 

2. Seasonally adjusted annual rates. 

3. Value of new work put in place. 

4. Seasonally adjusted. 

5. Production workers. 



Quarterly averages for first four columns. Calendar year totals in the case 

of "Construction" and 'Retail Sales". 

New sample covering 230 areas as against 68 in the old series. 

Not available. 

Preliminary. 

Revised. 



VALUE OF IMPORTS FROM U.S.A. 1 




300 

MILLIONS OF U.S. 



450 

DOLLARS 



1. This chart is based on an analysis of U.S. Dept. of Commerce figures for exports to Canada, which exclude certain items of military sig- 
nificance. For this and other reasons, the figures used on the above chart differ somewhat from the corresponding D.B.S. trade figures. 



MARCH 1954 



60 



Millions of Dollars 



EXTERNAL TRADE AND TRADE INDEXES ' 

Compiled from "Trade of Canada" , Dominion Bureau of Statistics 



TOTAL EXPORTS (EXCLUDING GOLD) TO 2 


New Gold 

Production 

Available 

for 

Export 


EXPORT INDE3 
1948 - 100 


□ES 5 




U.S.A. 


U.K. 


Other 

Sterling 

Area 

3 


Western 

Europe & 

Colonies 

4 


Central 

and 

South 

America 


All 
Other 


Total 

All 

Countries 






Total 
Value 


Price 


Physical 
Volume 


Calendar Years 
1926 


471 


318 


85 


283 


44 


76 


1,277 


30 


41.0 


70.2 


58.4 


1929 


515 


226 


93 


207 


44 


92 


1,178 


37 


37.5 


64.4 


58.2 


1933 


173 


188 


39 


95 


10 


30 


535 


82 


17.2 


39.9 


43.1 


1937 


394 


386 


97 


94 


25 


49 


1,045 


145 


32.4 


53.4 


60.7 


1947 


1,057 


754 


359 


327 


135 


180 


2,812 


99 


90.2 


91.6 


98.5 


1948 


1,522 


689 


290 


317 


127 


165 


3,110 


119 


100.0 


100.0 


100.0 


1949 


1,524 


709 


305 


254 


132 


99 


3,023 


139 


97.3 


103.3 


94.2 


1950 


2,051 


473 


200 


199 


154 


80 


3,157 


163 


101.4 


108.3 


93.6 


1951 


2,334 


636 


266 


364 


217 


146 


3,963 


150 


127.3 


123.0 


103.5 


1952 


2,349 


751 


291 


468 


281 


216 


4,356 


150 


139.9 


121.8 


114.9 


1953 


2,463 


669 


252 


367 


207 


216 


4,173 


144 


133.9 


118.3f 


113.2f 


12 Mths. end'g 
Feb. 1954 


2,426 


667 


236 


369 


200 


219 


4,117 


134 








Monthly 

1953-Feb. 


176.8 


36.4 


23.1 


19.5 


13.6 


10.2 


279.6 


16.1 


107.5 


119.2f 


90.2f 


Mar. 


206.4 


38.8 


18.4 


17.9 


17.7 


13.8 


313.0 


15.6 


120.1 


119.4 


100.6 


Apr. 


192.3 


45.3 


18.0 


21.8 


17.0 


10.4 


304.8 


11.7 


117.5 


119.5 


98.3 


May 


224.2 


68.5 


24.0 


38.5 


15.5 


14.3 


385.0 


12.0 


148.4 


118.9t 


124. 8f 


June 


218.2 


77.3 


27.7 


52.0 


21.4 


19.4 


416.0 


13.7 


160.6 


119.2 


134.7 


July 


212.7 


81.3 


24.7 


43.8 


17.0 


18.8 


398.3 


9.3 


153.4 


118.7 


129.2 


Aug. 


199.9 


67.2 


19.4 


26.7 


12.1 


21.6 


346.9 


10.7 


133.7 


118.8 


112.5 


Sept. 


211.4 


45.0 


25.7 


24.1 


18.2 


19.4 


343.8 


10.4 


132.0 


118.4f 


111.5t 


Oct. 


201.9 


55.8 


16.3 


33.4 


19.1 


21.3 


347.8 


9.9 


134.0 


118.4f 


113.2f 


Nov. 


204.0 


56.1 


19.7 


35.1 


21.0 


19.3 


355.2 


9.1 


136.9 


117.lt 


116.9f 


Dec. 


223.5 


47.7 


17.0 


31.7 


15.5 


25.5 


360.9 


9.8 


138.8 


116.7f 


118.9f 


1954-Jan. 


160.1 


38.1 


12.5 


22.8 


11.8 


20.1 


265.4 


11.6 


101.7 


116.1 


87.6 


Feb. 


171.9 


44.9 


12.5 


21.1 


14.2 


15.2 


279.8 


10.2 


105.4 


116.5 


90.5 





TOTAL IMPORTS (EXCLUDING GOLD) FROM 






Excess of 


IMPORT INDEXES s 


















Merchandise 




1948 — 100 










Other 


Western 


Central 




Total 


Exports 
over 


















U.S.A. 


U.K. 


Sterling 


Europe & 


and 


All 


All 


Merchandise 


Total 




Physical 








Area 
3 


Colonies 
4 


South 
America 


Other 


Countries 


Imports 


Value 


Price 


Volume 


Calendar Years 
























1926 


669 


165 


47 


71 


33 


23 


1,008 


269 


38.1 


68.9 


55.3 


1929 


894 


195 


59 


90 


33 


28 


1,299 


-121 


49.1 


63.0 


77.9 


1933 


217 


98 


34 


32 


10 


10 


401 


134 


15.1 


43.7 


34.6 


1937 


491 


147 


87 


43 


21 


20 


809 


236 


30.6 


50.8 


60.2 


1947 


1,975 


189 


158 


64 


159 


29 


2,574 


238 


97.6 


88.0 


110.9 


1948 


1,806 


300 


194 


77 


223 


37 


2,637 


473 


100.0 


100.0 


100.0 


1949 


1,952 


307 


187 


83 


193 


39 


2,761 


261 


104.7 


102.6 


102.0 


1950 


2,131 


404 


242 


114 


215 


68 


3,174 


-17 


120.4 


110.3 


109.2 


1951 


2,813 


421 


309 


181 


275 


86 


4,085 


-122 


154.8 


126.2 


122.7 


1952 


2,977 


360 


186 


157 


285 


66 


4,031 


326 


152.3 


110.3 


138.1 


1953 


3,221 


453 


173 


179 


291 


66 


4,383 


-210 


165.2 


109.6 


150.8 


Monthly 
























1952-Dec. 


265.2 


28.0 


10.1 


13.0 


22.6 


6.2 


345.1 


48.8 


155.8 


108.5 


143.6 


1953-Jan. 


249.2 


30.5 


9.4 


10.3 


21.2 


7.0 


327.8 


-6.6 


147.5 


108.4 


136.1 


Feb. 


241.0 


27.2 


8.9 


8.9 


20.9 


3.1 


310.0 


-30.4 


140.5 


108.1 


130.0 


Mar. 


272.8 


37.6 


11.0 


11.9 


22.1 


4.7 


360.1 


-47.1 


163.4 


109.0 


149.G 


Apr. 


297.3 


37.9 


12.6 


17.3 


22.8 


3.9 


391.8 


-87.0 


177.9 


109.1 


163.1 


May 


312.3 


43.5 


17.6 


15.4 


27.7 


4.1 


420.6 


-35.6 


190.5 


109.4 


174.1 


June 


299.8 


42.8 


17.1 


17.0 


23.3 


6.3 


406.3 


9.7 


184.2 


110.2 


167.2 


July 


286.5 


47.1 


17.6 


16.0 


31.2 


6.7 


405.4 


-7.1 


182.6 


109.5 


166.8 


Aug. 


244.7 


38.4 


14.7 


15.1 


26.5 


5.8 


345.2 


1.7 


156.2 


109.9 


142.1 


Sept. 


268.0 


34.3 


16.9 


16.0 


25.3 


7.0 


367.5 


-23.7 


165.7 


110.8 


149.5 


Oct. 


258.3 


36.8 


18.5 


17.1 


22.2 


5.4 


358.3 


-10.5 


161.6 


110.5 


146.2 


Nov. 


244.5 


38.9 


17.1 


20.3 


24.9 


5.7 


351.4 


3.8 


159.5 


no.ot 


145.0f 


Dec. 


246.8f 


38.3| 


10.5 


14.2 


22.6 


6.0 


338.4 


22.5 


153.1 


110.1 


139.1 


1954-Jan. 


202. 8f 


28.3f 










280.2f 


-16.5 








Feb.* 


224.0 


28.9 










300.3 


-20.5 









Commencing April 1, 1949, external trade of Newfoundland is included 

and Canadian trade with Newfoundland, formerly in the "All Other" 

category, disappears. 

Includes exports of foreign produce. Prior to 1947 wheat exports are based 

on Board of Grain Commissioners' data rather than Customs' clearances. 

Excludes defence equipment transferred by Canada to North Atlantic 

Treaty countries which in 1950, 1951. 1952 and 1953 amounted to 56.8, 

109.1, 100.9 and 182.0* million dollars respectively. 

Consists of U.K. Dependencies, Union of South Africa, Eire, India, 



Pakistan, Burma, Australia, New Zealand. Iceland, Jordan, Libya, Ceylon 
and Iraq. 

4. Excludes Spain, but includes Greece and Turkey. 

5. Excludes exports of foreign produce. Price indexes are based largely on 
unit values derived from the Customs' entries. Price indexes prior to 
1948 are converted from 1935-39= 100. 

* Preliminary, 
t Revised. 



61 




















MARCH 1954 ' 


MARCH 1954 




















62 


















MERCHANDISE EXPORTS: CO 


MMODITY CLASSIFICATION 


1 


















Millions of Dollars 
















Compiled from "Trade of Canada," 


Dominion Bureau of Statistics 






















Fruits 

and 

Vegetables 


Wheat 

and 

Wheat 

Flour 

2 


Oats 


Other 

Grains 

and 

Products 


Live 
Cattle 


Bacon 
and 
Hams 


Other 
Meats 


Cheese 


Other 

Milk 

Products 


Eggs 


Seeds 


Farm 

(incl. 

raw wool) 

3 


Fish 

(fresh and 

frozen) 


Fish 

(canned & 

salted) 


Furs 


' Logs 

and 

Rounds 


Planks 

and 
Boards 


Pulpwood 


Wood Pulp 


Newsprint 


Other 
Paper 


Other 

Wood 

Products 


Alcoholic 
Beverages 


Rubber 

& Products 

(incl. 




Calendar Years 
1926 
1929 
1933 
1937 


21 
18 
17 
16 


435 

302 
142 
182 


10 
5 
2 
2 


37 
26 
12 
25 


13 
14 

4 
16 


23 
7 
8 

33 


9 
9 
3 
9 


25 
19 
8 
13 


16 
10 
3 
5 


1 


9 

4 
1 
5 


25 
24 
12 
23 


11 
12 
7 
12 


25 
24 
13 
16 


19 
23 
12 
18 


10 
10 
4 
7 


62 
49 
17 
45 


14 
13 
5 
12 


52 
44 
23 
42 


114 
149 
69 
126 


7 
6 
3 
10 


27 
22 
10 
20 


25 

30 

9 

21 


26 
32 

8 
18 


Calendar Yeara 
1926 
1929 
1933 
1937. 


1947 


32 


462 


12 


55 


15 


62 


41 


14 


16 


37 


17 


44 


38 


44 


29 


24 


208 


35 


178 


342 


31 


69 


28 


33 


1947 
1948 
1949 
1950 
1951 


1948 


21 


368 


23 


74 


74 


70 


65 


12 


18 


39 


50 


55 


45 


40 


24 


26 


196 


44 


212 


383 


34 


60 


29 


33 


1949 


20 


533 


19 


59 


61 


24 


44 


16 


14 


21 


44 


51 


35 


59 


23 


20 


160 


31 


171 


434 


19 


40 


35 


26 


1950 


24 


419 


17 


56 


79 


28 


47 


17 


11 


6 


31 


53 


50 


63 


25 


13 


291 


35 


209 


486 


20 


61 


44 


12 


1951 


24 


555 


54 


105 


63 


4 


69 


10 


11 


4 


28 


59 


53 


64 


30 


14 


312 


68 


365 


536 


38 


65 


56 


29 


1952 


21 


737 


68 


199 


4 


3 


46 


1 


15 


5 


33 


54 


i 53 


60 


24 


31 


296 


65 


292 


592 


30 


61 


57 


18 


1952 


1953 


20 


670 


60 


187 


15 


6 


47 


5 


12 


4 


31 


55 


; 51 


60 


22 


20 


283 


46 


249 


619 


20 


59 


66 


8 


1953 


12-Mths. ending 
Jan. 1954 


21 


658 


60 


187 


16 


6 


51 


4 


11 


4 


30 


56 


I 51 


60 


23 


20 


278 


45 


247 


609 


19 


58 


65 


8 


12-Mths. ending 
Jan. 1954 


Monthly 
1952— Nov. 


2.7 


67.1 


4.6 


25.7 


- 


.3 


6.9 


.2 


1.6 


.4 


5.4 


4.1 


5.3 


5.2 


.4 


2.9 


28.9 


4.9 


20.9 


57.1 


2.1 


6.4 


7.2 


.5 


Monthly 
NOV.-1952 


Dec. 


1.7 


82.2 


11.9 


33.3 


- 


.3 


3.3 


.1 


1.6 


.9 


6.6 


4.2 


3.0 


5.7 


5.8 


3.6 


20.1 


4.0 


21.0 


49.0 


1.7 


7.6 


7.4 


.9 


Dec. 


1953— Jan. 


1.5 


45.7 


2.1 


7.4 


- 


.2 


3.2 


.1 


.7 


.9 


3.7 


4.5 


3.8 


4.5 


3.2 


2.0 


19.8 


3.6 


20.0 


52.4 


1.8 


3.5 


5.0 


.9 


Jan.-1953 


Feb. 


1.4 


35.4 


1.6 


5.6 


- 


.2 


2.6 


.2 


.5 


.2 


3.3 


5.4 


4.3 


4.6 


2.2 


1.5 


18.6 


3.4 


16.4 


42.5 


1.3 


4.3 


3.9 


.8 


Feb. 


Mar. 


1.8 


30.8 


1.3 


5.9 


1.3 


.5 


4.9 


.5 


.8 


.2 


2.4 


5.5 


4.5 


4.6 


1.7 


1.7 


25.6 


3.6 


19.9 


49.5 


1.6 


4.9 


5.5 


.9 


Mar. 


Apr. 


.8 


40.8 


3.8 


9.9 


1.4 


.5 


4.9f 


1.0 


.6 


.1 


2.9 


3.2 


2.7 


3.7 


1.8 


1.1 


25.8 


1.7 


19.2 


44.4 


1.7 


4.8 


3.6 


1.0 


Apr. 


May 


.4 


70.3 


5.8 


19.7 


1.6 


.6 


5.2 


- 


.9 


.1 


1.2 


3.5 


3.1 


8.5 


2.0 


1.1 


22.5 


2.2 


21.5 


56.8 


1.5 


4.3 


4.8 


.9 


May 


June 


.7 


100.7 


3.6 


20.6 


1.7 


.7 


3.9 


.1 


1.0 


.1 


.5 


4.0 


4.0 


6.5 


2.1 


1.9 


27.3 


3.1 


22.1 


50.3 


1.6 


5.0 


4.9 


.9 




July 


1.7 


81.7 


4.5 


21.5 


2.0 


.7 


6.6 


- 


1.1 


.1 


1.2 


7.4 


5.6 


4.8 


1.3 


2.0 


24.4 


4.8 


21.3 


55.2 


1.9 


4.4 


5.1 


.7 


July 


Aug. 


2.9 


67.8 


5.5 


17.3 


2.6 


.4 


4.2 


- 


1.0 


.4 


1.1 


4.0 


5.2 


4.6 


1.0 


2.2 


26.5 


5.3 


21.4 


49.4 


1.5 


4.5 


3.9 


.4 


Aug. 


Sept. 


2.1 


44.4 


5.9 


17.2 


1.5 


.5 


3.1 


.1 


1.7 


.5 


1.8 


3.7 


5.1 


4.3 


.8 


2.2 


23.7 


5.9 


20.4 


57.0 


1.8 


4.8 


5.7 


.5 


Sept. 


Oct. 


2.8 


59.7 


7.2 


15.8 


1.0 


.3 


2.2 


- 


.8 


.2 


2.8 


3.4 


4.8 


4.0 


.4 


2.0^ 


25.4 


4.7 


21.9 


51.3 


1.9 


4.6 


7.5 


.4 


Oct. 


Nov. 


2.7 


47.2 


10.8 


24.1 


1.2 


.5 


3.1 


1.6 


1.1 


.3 


4.6 


5.2 


4.2 


5.4 


.4 


1.5 


21.6 


3.3 


22.2 


47.6 


1.8 


6.2 


9.1 


.5 


Nov. 


Dec. 


1.7 


45.6 


8.2 


22.2 


.8 


.5 


3.2 


.9 


1.6 


1.0 


5.2 


5.3 


3.9 


4.4 


5.3 


1.1 


21.6 


4.2 


22.3 


62.6 


1.6 


7.5 


7.3 


.4 


Dec. 


1954— Jan. 


1.6 


33.6 


1.6 


7.4 


.7 


.4 


7.0 


- 


.5 


1.2 


3.2 


5.8 


3.3 


4.9 


3.7 


1.7 


14.8 


3.2 


18.3 


42.8 


1.2 


3.0 


4.1 


.4 


Jan.-1954 







Other 
Fibres 


Farm 


Machinery 


Autos, 


Other 


Other 




Aluminum 


Copper 


Lead 


Nickel 


Precious 


Zinc 


Other 




Other 




Other 


Ships 


Aircraft 


All 


New Gold 


Total 






Artificial 


& Textiles 


Imple- 


(excl. 


Trucks 


Vehicles 


Iron and 


Electrical 


and 


and 


and 


and 


Metals 




Non- 


Asbestos 


Non- 


Fertilizers 


Chemicals 


and 


and 


Other 


Production 


Exporta 

(Including 

gold) 






Silk 


(excl. raw 
wool) 


ments & 
Machinery 


agriculture) 


& Parts 


& Parts 


Steel 


Apparatus 


Products 


Products 


Products 


Products ( 


'x. gold) 


Products 


ferrous 
Metals 




metallic 
Minerals 




& Products 


Vessels 


Parts 


Exports 


Available 
for Export 




Calendar Years 


















































Calendar Years 


1926 


- 


6 


17 


4 


38 


- 


16 


2 


7 


15 


14 


12 


14 


9 


2 


11 


16 


5 


12 


- 


- 


45 


30 


1,292 


1926 


1929 


- 


8 


20 


7 


47 


- 


16 


3 


15 


37 


11 


26 


12 


9 


5 


13 


17 


7 


14 


1 


- 


33 


37 


1,190 


1929 


1933 


- 


5 


1 


3 


10 


- 


8 


2 


6 


17 


5 


23 


7 


5 


2 


5 


8 


3 


10 


- 


- 


15 


82 


611 


1933 


1937 


2 


11 


10 


11 


27 


- 


18 


4 


19 


56 


18 


59 


19 


15 


5 


15 


16 


7 


15 


1 


- 


27 


145 


1,176 


1937 


1947 


12 


35 


42 


41 


92 


15 


84 


19 


64 


59 


31 


60 


23 


30 


17 


33 


42 


34 


49 


26 


6 


94 


99 


2,874 


1947 


1948 


7 


35 


74 


41 


55 


21 


91 


17 


102 


79 


35 


74 


25 


42 


22 


42 


53 


36 


43 


84 


11 


93 


119 


3,195 


1948 


1949 


2 


19 


93 


32 


39 


23 


106 


12 


94 


87 


42 


92 


28 


56 


15 


37 


36 


39 


31 


42 


25 


81 


139 


3,132 


1949 


1950 


5 


20 


88 


26 


40 


5 


92 


11 


107 


88 


38 


105 


34 


59 


16 


63 


40 


39 


62 


23 


4 


59 


163 


3,281 


1950 


1951 


4 


28 


106 


40 


79 


3 


113 


18 


125 


87 


45 


137 


49 


84 


25 


82 


50 


36 


96 


9 


8 


73 


150 


4,065 


1951 


1952 


3 


21 


105 


47 


111 


4 


139 


34 


162 


119 


50 


151 


47 


97 


46 


88 


56 


42 


82 


12 


38 


79 


150 


4,452 


1952 


1953 


5 


15 


74 


37 


75 


6 


166 


38 


178 


125 


38 


163 


44 


58 


39 


85 


63 


43 


95 


20 


40 


96 


144 


4,262 


1953 


12-Mths. ending 


















































12-Mths. ending 


Jan. 1954 


5 


15 


70 


37 


71 


5 


163 


34 


179 


123 


36 


160 


43 


53 


39 


83 


63 


42 


95 


19 


40 


97 


140 


4,201 


Jan. 1954 


Monthly 
1952— Nov. 


.1 


1.1 


6.2 


4.4 


8.0 


.3 


15.7 


3.3 


13.2 


11.0 


4.6 


13.1 


3.4 


6.5 


3.4 


6.6 


4.3 


3.3 


7.0 


1.1 


2.4 


7.6 


13.6 


400.8 


Monthly 
N0V.-1952 


Dec. 


.2 


1.2 


6.5 


4.2 


4.7 • 


.4 


13.4 


4.2 


12.9 


6.9 


2.5 


9.5 


3.5 


5.5 


4.9 


9.4 


4.7 


3.5 


6.1 


.1 


2.0 


7.2 


13.5 


403.0 


Dec. 


1953— Jan. 


.3 


1.0 


9.4 


2.7 


6.7 


.4 


11.6 


4.4 


12.6 


10.8 


4.5 


14.4 


4.3 


8.4 


3.4 


6.2 


4.1 


3.8 


7.9 


2.0 


1.8 


5.8 


16.0 


333.3 


Jan.-1953 


Feb. 


.3 


1.2 


9.8 


3.2 


7.4 


.5 


7.3 


3.5 


13.3 


13.6 


2.5 


12.7 


3.5 


5.0 


2.4 


5.9 


4.1 


4.2 


6.5 


1.3 


1.3 


5.7 


16.1 


291.6 


Feb. 


Mar. 


.3 


1.1 


11.1 


3.7 


6.1 


.7 


11.0 


2.9 


17.9 


10.2 


4.2 


13.8 


3.4 


6.1 


2.8 


7.1 


4.9 


3.8 


7.8 


.5 


1.6 


7.2 


15.6 


323.4 


Mar. 


Apr. 


.2 


1.7 


8.1 


3.2 


6.2 


.7 


12.1 


3.1 


10.9 


10.5 


4.1 


13.9 


4.3 


5.2 


3.2 


6.5 


4.9 


3.6 


7.0 


.1 


2.7 


7.4 


11.7 


312.7 


Apr. 


May 


.3 


1.1 


7.9 


3.8 


5.9 


.9 


16.3 


7.7 


14.8 


12.8 


2.4 


12.9 


4.3 


5.9 


4.1 


8.3 


5.6 


4.1 


8.5 


.8 


5.3 


8.1 


12.0 


392.3 


May 
June 
July 
Aug. 
Sept. 
Oct. 
Nov. 
Dec. 


June 


.9 


1.6 


7.7 


2.9 


8.8 


.5 


16.3 


5.9 


17.7 


12.1 


3.5 


13.9 


3.0 


5.1 


3.7f 
2.9 


7.9 


5.1 


4.1 


8.1f 


3.8 


4.3 


7.2 


13.7 


425.4 


July 


.6 . 


1.4 


5.1 


4.1 


5.8 


.5 


18.9 


2.4f 


15.5 


12.2 


1.7 


13.5 


4.0t 


4.3 


6.8 


5.8 


3.0 


8.7 


.5 


5.3 


10.3 


9.3 

10.7 
10.4 


402.4 
353.3 
348.6 
353.4 
359.9 
365.6 


Aug. 


.5 


1.2 


3.1 


2.0 


3.6 


.3 


18.2 


1.1 


14.2 


7.1 


3.7 


13.9 


2.8 


3.5 


2.4 


6.5 


5.6 


2.8 


7.9 


.9 


1.5 


6.7 


Sept. 


.7 


1.0 


2.7 


2.8 


7.1 


.3 


14.3 


2.8 


16.5 


8.0 


2.6 


12.7 


4.0 


3.7 


3.4 


6.8 


5.4 


3.5 


8.8 


3.6 


3.5 


9.5 


Oct. 


.5 


.9 


3.1 


2.7 


7.5 


.3 


14.0 


1.5 


12.3 


9.7 


3.3 


13.2 


2.7 


3.8 


2.8 


7.5 


6.1 


3.5 


7.3 


3.4 


5.0 


7.6 


9.9 


Nov. 


.4 


1.4 


2.1 


3.2 


7.8 


.3 


13.0 


1.2 


16.3 


9.5 


2.5 


15.1 


4.8 


3.0 


3.6 


6.8 


5.8 


3.3 


8.5 


2.9 


3.0 


10.2 


9.1 


Dec. 


.4 


1.1 


4.2 


3.1 


2.3 


.3 


13.1 


1.3 


15.8 


8.2 


2.9 


12.6. 


3.3 


3.8 


4.6 


8.2 


5.5 


3.2 


8.2 


.1 


5.0 


10.2 


9.8 


1954— Jan. 


.4 


1.0 


5.4 


2.3 


2.7 


.2 


9.0 


1.0 


13.5 


9.0 


2.2 


12.3 


3.3 


3.8 


2.6 


4.4 


4.7 


3.3 


7.5 


.6 


1.1 


6.4 


11.5 


272.2 


Jan.-1954 



!^ xc ,'lJ?^ s ™ P c 0rt , s „? f '? re '<p n produce. 2. Prior to 1947. figures are based on Board of Grain Commissioners' data rather than Customs' clearances. 3.MadeuP °f various items listed i 
1700, 1710, 2015, 2020, 2025, IfibO, 2065, 2066, 2070, 2075, 2080, 2085, 2090, 2095, 2100-2110, 2490, 2500-2525, 2750, 2795, 2805, 2812, 2825, 2840, 2845, 2855, 2860,3160-3187. f Revised. 



Trade of Canada" under code numbers 180, 610. 690, 710, 790. 1170, 1S00-1590, 1610. 1620, 1630, 1640. 1645, 1650, 1660, 1670. 1680, 



CUMULATIVE TABLE OF CONTENTS 
1954 

See Statistical Summary Indexes, published annually, for details of previous years 

Page Number 
Monthly Tables Appearance 

Bank of Canada: Liabilities and Assets 37-38 

Chartered Banks: Liabilities and Assets 37-38 

General Public Holdings of Certain Liquid Assets: Currency, 

Bank Deposits and Government of Canada Securities . . 39-40 

Government Bond Yields and Treasury Bill Rates 42 

Foreign Exchange Rates 43 

Official Holdings of Gold and U.S. Dollars 43 

Price Indexes 45 

Labour Force Status of the Population 45 

Employment and Labour Income 46 

Volume of Industrial Production 47 

U.S.A. Economic Statistics 59 

External Trade and Trade Indexes 60 

Quarterly Tables 

Chartered Banks: Estimated Quarterly Classification of Loans 

in Canada 7 

General Public Holdings of Certain Liquid Assets: Approximate 
Division between Non-Resident, Resident Corporate and 

Resident Non-Corporate Holdings . . 23-24 

Bond Issues and Retirements 8 

Canadian Gold Statistics 11 

Government Bond Yields: Canada, U.S.A. and U.K - 41 

Consumer Credit Outstanding 44 

National Accounts: Quarterly 52-53 

Selected Agricultural Statistics: Quarterly 55-56 

International Securities Transactions: Quarterly 57 

Canadian Balance of International Payments: Quarterly . . 58 

Merchandise Exports: Commodity Classification by Volume . . 17 

Merchandise Exports: Commodity Classification by Value . . 61-62 

Merchandise Imports: Commodity Classification by Volume . 18 

Merchandise Imports: Commodity Classification by Value . . 35-36 

Other Tables 

Bonds Outstanding 9 

Estimates of Labour Income 14 

National Accounts: Yearly 27 

Capital Expenditures on New Construction, Machinery and 

Equipment 29 

Mineral Production 31 

Domestic Exports: Commodity by Classification by Destination 33 

Selected Housing Statistics 48 

Public Finance: Government of Canada 49-50 

New Passenger Automobile Statistics 57 



BANK OF CANADA 

STATISTICAL SUMMARY 



A Cumulative Table of Contents for 1954 appears on the back cover 

TABLES 

Bank of Canada: Liabilities and Assets 63-64 

Chartered Banks: Liabilities and Assets 63-64 

General Public Holdings of Certain Liquid Assets: Currency, 

Bank Deposits and Government of Canada Securities . . 65-66 

Chartered Banks: Estimated Quarterly Classification 

of Loans in Canada 68 

Government Bond Yields and Treasury Bill Rates 69 

Foreign Exchange Rates 70 

Official Holdings of Gold and U.S. Dollars 70 

Bond Issues and Retirements 71 

Canadian Gold Statistics 72 

Price Indexes 72 

Employment and Labour Income 73 

Labour Force Status of the Population 74 

Railways: Operating Statistics 74 

Volume of Industrial Production 75 

Newsprint: North America 76 

Canadian Wheat: Statistical Position 77 

U.S.A. Economic Statistics 77 

External Trade and Trade Indexes 78 

Merchandise Exports: Commodity Classification' by Volume . 79 

Merchandise Imports: Commodity Classification by Volume . 80 




CHARTS 

Chartered Banks: Agricultural, Industrial 

and Commercial Loans 67 

Total Active Note Circulation 67 

Yields of Government Bonds: Canada, U.S.A. and U.K. ... 69 

United States Dollar in Canadian Funds 70 

Selected Employment Indexes 73 

Indexes of Industrial Production 75 

Newsprint: Production, Consumption, Distribution 

and Export Price 76 



Tables and Chorts may be reproduced or referred to provided that the Bank of Canada 
Statistical Summary, with its date, is specifically quoted as the source. Subscription: 25c per 
copy, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa. 



APRIL 1954 




63 



APRIL 1954 APRIL 1954 

BANK OF CANADA 



64 

Millions of Dollars 











LIABILITIES 










ASSETS 










Chartered Bank Cash 


Govt, of 
Canada 
Deposits 




Foreign 

Currency 

Deposits 

1 


Active 

B. of C. 

Note 

Circulation 


All 


Total 
Liabilities Gold 
or 

Assets 




Foreign 
Exchange 


Securities 




All 

Other 

Accounts 






Notes 
in Tills. 


Deposits 

at 
B. of C. 


Total 


Other 
Deposits 


Other 
Accounts 


Silver 


Govt, of Canada 
and Provincial 


Ind. Dev. 

Bank 
Cap. Stock 


Other 
Securities 


Total 


Advances 






Under 2 yrs. 


Over 2 yrs. 




As at Dec. 31 ! 
1935 


40.6 


181.6 


222.2 


17.9 


.8 


_ 


59.1 


7.7 


307.7 180.5 


1.6 


4.2 


30.9 


83.4 


_ 




114.3 


3.5 


3.5 


As at Dec. 31 
1935 


1937 


53.9 


196.0 


249.9 


11.1 


3.5 


- 


111.4 


14.4 


390.3 179.8 


3.0 


14.9 


82.3 


91.6 


- 


12.2 


186.1 




6.5 


1937 


1939 


70.6 


217.0 


287.6 


46.3 


17.9 


- 


162.2 


13.3 


527.2 225.7 


— 


64.3 


181.9 


49.9 


- 


- 


231.8 


- 


5.5 


1939 


1946 


176.9 


565.5 


742.3 


60.5 


93.8 


1.0 


1,009.3 


41.7 


1,948.6 


- 


1.0 


1,197.4 


708.2 


15.0 


_ 


1,920.6 


_ 


27.1 


1946 


1947 


183.9 


536.2 


720.1 


68.8 


67.5 


2.0 


1,027.5 


40.4 


1,926.2 


— 


2.0 


1,022.0 


858.5 


25.0 


- 


1,905.6 


_ 


18.7 


1947 


1948 


190.8 


547.3 


738.1 


98.1 


81.0 


.4 


1,098.3 


42.7 


2,058.6 


- 


.5 


1,233.7 


779.1 


25.0 


_ 


2,037.7 


_ 


20.4 


1948 


1949 


211.8 


541.7 


753.5 


30.7 


126.9 


79.6 


1,095.6 


39.5 


2,125.9 , 


- 


74.2 


1,781.4 


227.8 


25.0 


5.5 


2,039.7 


_ 


12.0 


1949 


1950 


231.3 


578.6 


809.9 


24.7 


207.1 


133.6 


1,136.1 


39.0 


2,350.3 


- 


111.7 


1,229.3 


712.5 


25.0 


247.9 


2,214.7 


_ 


24.0 


1950 


1951 


273.1 


619.0 


892.1 


94.9 


66.1 


155.6 


1,191.1 


44.4 


2,444.1 


- 


117.9 


1,141.8 


1,049.3 


25.0 


89.0 


2,305.1 


_ 


21.0 


1951 


1952 


272.5 


626.6 


899.1 


16.2 


44.5 


82.9 


1,288.7 


50.0 


2,381.4 


- 


77.2 


1,459.8 


767.2 


25.0 


13.0 


2,265.0 


_ 


39.2 


1952 


1953 


263.8 


623.9 


887.7 


51.5 


29.5 


63.8 


1,335.3 


69.3 


2,437.2 


~ 


55.1 


1,376.6 


893.7 


25.0 


23.4 


2,318.6 


- 


63.5 


1953 


End of 
1953— Jan. 


213.4 


603.1 


816.5 


40.5 


47.6 


70.2 


1,266.2 


60.0 


2,300.9 


- 


64.4 


1,351.2 


803.0 


25.0 


13.4 


2,192.6 


_ 


43.8 


End of 
Jan.— 1953 


Feb. 


191.5 


668.0 


859.5 


88.6 


51.4 


77.4 


1,281.3 


31.8 


2,390.1 


- 


72.1 


1,411.9 


817.5 


25.0 


14.2 


2,268.6 


_ 


49.5 


Feb. 


Mar. 


232.3 


601.1 


833.4 


60.6 


66.5 


71.0 


1,261.1 


34.1 


2,326.7 


- 


65.7 


1,371.0 


810.9 


25.0 


14.5 


2,221.3 


- 


39.8 


Mar. 


Apr. 


232.7 


646.7' 


879.3 


48.3 


76.8 


73.4 


1,272.1 


37.2 


2,387.2 


- 


68.1 


1,436.6 


796.0 


25.0 


15.0 


2,272.7 


- 


46.4 


Apr. 


May 


210.4 


594.9 


805.4 


45.6 


72.1 


64.8 


1,307.5 


50.1 


2,345.4 ! 


- 


59.4 


1,364.8 


821.4 


25.0 


15.5 


2,226.7 


- 


59.3 


May 


June 


239.0 


647.6 


886.7 


47.9 


82.6 


72.0 


1,290.0 


44.9 


2,424.2 


- 


66.5 


1,405.5 


852.0 


25.0 


15.5 


2,298.1 


- 


59.5 


June 


July 


214.2 


646.6 


860.8 


43.8 


68.7 


80.9 


1,333.0 


65.4 


2,452.6 


- 


75.0 


1,451.6 


838.5 


25.0 


15.7 


2,330.8 


- 


46.7 


July 


Aug. 


247.7 


617.8 


865.5 


66.4 


35.2 


73.3 


1,302.0 


53.1 


2,395.4 


- 


67.5 


1,414.0 


830.9 


25.0 


15.8 


2,285.8 


- 


42.1 


Aug. 


Sept. 


262.0 


616.9 


878.9 


15.4 


37.8 


74.9 


1,290.5 


63.0 


2,360.5 


- 


69.1 


1,385.7 


824.9 


25.0 


16.1 


2,251.7 


- 


39.8 


Sept. 


Oct. 


211.2 


733.6 


944.8 


3.8 


37.2 


76.0 


1,344.7 


64.8 


2,471.3 


- 


70.7 


1,469.9 


812.1 


25.0 


36.4 


2,343.5 


- 


57.1 


Oct. 


Nov. 


256.2 


625.6 


881.8 


50.3 


43.4 


67.2 


1,303.1 


78.5 


2,424.3 


— 


61.4 


1,378.6 


894.9 


25.0 


17.1 


2,315.5 


1.5 


45.9 


Nov. 


Dec. 2 


263.8 


623.9 


887.7 


51.5 


29.5 


63.8 


1,335.3 


69.3 


2,437.2 


- 


55.1 


1,376.6 


893.7 


25.0 


23.4 


2,318.6 


- 


63.5 


Dec. 


1954— Jan. 


225.8 


634.4 


860.2 


48.8 


29.5 


71.3 


1,293.4 


70.3 


2,373.5 


_ 


61.7 


1,328.3 


880.6 


25.0 


23.4 


2,257.2 


10.0 


44.6 


Jan.— 1954 


Feb. 


201.6 


676.6 


878.2 


126.1 


34.4 


62.7 


1,304.6 


39.3 


2,445.3 


- 


53.2 


1,374.8 


900.8 


25.0 


23.4 


2,324.0 


10.0 


58.1 


Feb. 


Mar. 


242.9 


660.0 


902.9 


81.8 


28.9 


60.8 


1,269.7 


41.2 


2,385.3 




50.1 


1,552.8 


636.3 


25.0 


22.9 


2,237.0 




98.2 


Mar. 



1. Includes foreign exchange items for foreign clients and also the Government of Canada and, commencing March 31, 1949, the Exchange Fund Account. 2. Beforei the transfer of Bank of Canada profits for the year ending December 31 from "All Other Accounts" to "Government of Canada Deposits" 
minimum gold reserves requirement has been in suspense. 



Millions of Dollars 



CHARTERED BANKS 

Bank of Canada 



As at Dec. 31 
1926 
1929 
1933 
1937 
1947 
1949 
1950 
1951 
1952 
1953 
End of 
1953— Jan. 

Feb. 

Mar. 

Apr. 

May 

June 

July 

Aug. 

Sept. 

Oct. 

Nov. 

Dec. 

1954— Jan. 
Feb. 
Mar. 



LIABILITIES 



Notes 



175 

175 

132 

102 

18 

14 

-6 



Deposits 



Public 
Demand 



729 
502 
699 
2,296 
2,426 
2,770 
2,963 
3,242 
3,180 

2,974 
2,949 
2,936 
3,115 
3,040 
3,143 
3,049 
3,139 
3,150 
3,152 
3,150 
3,180 

2,957 
2,900 
3,006 



Notice 



Govt, of 

Canada 

and Prov. 



1,373 
1,434 
1,357 
1,583 
3,740 
4,433 
4,558 
4,612 
4,924 
5,034 

4,945 
5,008 
5,067 
5,107 
5,100 
5,126 
5,152 
5,206 
5,226 
5,148 
5,068 
5,034 

5,093 
5,162 
5,245 



31 

92 
61 
53 
376 
367 
500 
322 
255 
667 

270 
352 
455 
419 
346 
365 
295 
306 
316 
444 
701 
667 

722 

781 
529 



Canadian 
Deposits 



2,025 
2,270 
1,933 
2,387 
6,473 
7,348 
7,997 
8,088 
8,623 
9,122 

8,357 
8,471 
8,618 
8,827 
8,681 
8,852 
8,694 
8,815 
8,884 
8,952 
9,142 
9,122 



9,033 



Foreign 



334 
442 
322 
409 
824 
730 
735 
795 
865 
938 

845 
876 
886 
915 
908 
904 
886 
872 
879 
883 
900 
938 

952 
923 
942 



Total 
Deposits 



2,410 
2,820 
2,294 
2,819 
7,406 
8,177 
8,867 
9,003 
9,570 
10,140 

9,275 
9,437 
9,586 
9,815 
9,656 
9,822 
9,640 
9,755 
9,834 
9,919 
10,130 
10,140 

10,004 
10,037 
10,023 



1. Estimated month-end deposits payable in Canadian currency. include- 

end Canadian deposits in 1926-35 and monthly average deposits in 1936 and after. 
January 1950; liability for outstanding notes issued for circulation in Canada transl 



ASSETS 



Cash 



Canada 
3 



228 
228 
196 
250 
720 
753 
810 
892 



817 
860 
833 
879 
805 
887 
861 
865 
879 
945 
882 



878 
903 



Securities 



Govt, of 
Canada 



Prov- 
incial 



304 

297 

651 

1,111 

3,116 

3,112 

3,079 

2,754 

2,784 

2,760 

2,863 
2,940 
3,024 
3,038 
2,915 
2,854 
2,787 
2,813 
2,843 
2,726 
2,730 
2,760 

2,853 
2,851 
2,776 



445 
416 
355 
379 
334 

330 
322 
308 
309 
320 
310 
297 
299 
301 
319 
329 
334 

312 

289 
264 



Foreign 
Govt. 



Other | Total 



180 
151 
210 



59 
271 
242 
193 
200 
255 
236 



250 
236 
248 
252 
254 
257 
243 
251 
228 
223 
236 

276 
239 
235 



242 
487 
545 
599 
567 
537 
501 

522 
529 
514 
540 
537 
537 
532 
531 
522 
517 
506 
501 

504 
506 
500 



484 
448 
861 
1,411 
3,874 
4,345 
4,286 
3,876 
3,955 
3,831 

3,981 
4,042 
4,082 
4,135 
4,024 
3,956 
3,872 
3,886 
3,918 
3,789 
3,789 
3,831 

3,944 
3,885 
3,775 



Loans 



151 
262 
106 
76 
105 
133 
134 
107 
155 
154 

135 

141 
140 
152 
138 
123 
125 
135 
110 
144 
152 
154 

143 
197 

167 



970 
1,403 
898 
749 
1,921 
2,174 
2,651 
2,901 
3,188 
3,790 

3,178 
3,181 
3,262 
3,372 
3,402 
3,469 
3,543 
3,621 
3,648 
3,718 
3,856 
3,790 

3,814 
3,825 
3,756 



85 
122 
138 
113 
78 
97 
125 
127 
101 
107 

115 

120 
132 
136 
124 
107 
106 
111 
124 
120 
120 
107 

115 

127 
143 



273 

245 

90 

60 

56 

70 

100 

131 

170 

272 

158 
186 
147 
178 
168 
179 
177 
195 
173 
208 
254 
272 

245 
248 
267 



270 
251 
138 
166 
234 
211 
247 
278 
264 
268 

266 
265 
274 
270 
273 
270 
254 
251 
251 
259 
260 
268 

275 
271 
271 



Total 
Assets 



2,940 
3,521 
2,816 
3,281 
7,974 
8,718 
9,496 
9,610 
10,157 
10,722 

9,872 
10,034 
10,182 
10,416 
10,242 
10,398 
10,210 
10,318 
10,398 
10,506 
10,720 
10,722 

10,604 
10,634 
10,611 



* Since May 1940 the 



Millions of Dollars 



DAILY AVERAGE DATA 




Cash 


Canadian 


Percent 
of Cash to 


Total 

Active 

Note 

Circulation 

5 




Canada 
3 


Deposits 

4 


Canadian 
Deposits 












Aver, of Daily Figure* 


192 


1,958 


9.8 


195 


1926 


191 


2,293 


8.3 


205 


1929 


189 


1,941 


9.8 


157 


1933 


240 


2,357 


10.2 


200 


1937 


670 


6,209 


10.8 


1,013 


1947 


746 


7,178 


10.4 


1,087 


1949 


755 


7,487 


10.1 


1,085 


1950 


791 


7,759 


10.2 


1,132 


1951 


845 


8,110 


10.4 


1,207 


1952 


883 


8,624 


10.2 


1,275 


1953 


906 


8,426 


10.8 


1,230 


Jan.— 1953 


889 


8,296 


10.7 


1,232 


Feb. 


883 


8,407 


10.5 


1,245 


Mar. 


869 


8,618 


10.1 


1,257 


Apr. 


880 


8,699 


10.1 


1,269 


May 


865 


8,529 


10.1 


1,268 


June 


875 


8,685 


10.1 


1,286 


July 


874 


8,669 


10.1 


1,295 


Aug. 


878 


8,651 


10.1 


1,294 


Sept. 


889 


8,787 


10.1 


1,304 


Oct. 


892 


8,935 


10.0 


1,299 


Nov. 


896 


8,787 


10.2 


1,318 


Dec. 


917 


8,871 


10.3 


1,264 


Jan.— 1954 


894 


8,945 


10.0 


1,257 


Feb. 


902 


8,686 


10.4 


1,263 


Mar. 



Canada transferred to Bank of Canada during January 1950. 



Until March. 1935, Gold and Coin in Canada. Domini on Notes and "Free" Central Gold Reserve De^osit^^afte^thatdateBankrf Cajaada Notes and gjpodtj^ ^ Stl&3.3L'<£Si o^Smmencing'm" 



Includes inter-bank deposits. 1JL ,, : - L , n , L i[jjp , iiwiwu , ._.. .....,,.. 

5. Bank of Canada notesTn'publlc^c^ "bank not"drcu!ati[onrtn*e*Tatrer*being, after September 1944, an approximate figure only 



65 



APRIL 1954 



APRIL 1954 

































GENERAL PUBLIC HOLDINGS 


OF CERTAIN LIQUID ASSETS* 


































A— Currency, Bank Deposits and 


Government of Canada Securities 










Bank of 


Canada 




Millions of Dollars 




1 


. 


CANADIAN DOLLAR CURRENCY AND BANK DEPOSITS HE 


LD BY THE GENERAL PUBLIC, AND RELATED BANK ASSETS 






Currency and Active Bank Deposits 


Inactive 

Chartered 

Bank 

Notice 

Deposits 


Total 

Currency 

and 

Bank 

Deposits 

Total 
Related 


C 




Related Bank Assets 






Currency 
Outside Banks 


Active Bank Deposits 1 


Total 

Currency 

and 

Active 

Bank 


Jovernment of Canada debt 


Other Related Bank Assets 3 






Chartered Banks 


Bank of 
Canada 
"Other" 


Total 


held by Bank of Canada 
! and Chartered Banks 


Chartered Bank Can. Loans 
and non-Govt. Securities 


3k. of Can. 
Gold and 
Exchange 


Less: 

All 

Other 


Total 












Public 






Other 


Total 


Less: 


Net 












Less: Govt. 


Net 
Total 


Canadian 


Non-Govt. 








Notes 


Coin 


Total 


Demand 


Notice 


Govt, of 
Canada 


Float 


Total 


Deposits 




Deposits 


2 


Bank 

Assets 


Total 


Deposits 
4 


Loans 

5 


Securities 
6 


Total 


holdings 
(net) 


(net) 
7 






as at Dec. 31 
1950 


1,136 


78 


1,214 


2,770 


697 




413 


3,880 


450 


3,430 


207 


3,637 


4,851 


3,861 


8,712 


5,021 


280 


4,741 


2,910 


1,015 


3,925 


226 


180 


3,971 


as at Dec. 31 
1950 


1951 


1,191 


84 


1,275 


2,963 


717 




449 


4,129 


627 


3,502 


66 


3,568 


4,843 


3,894 


8,737 


4,945 


160 


4,785 


3,136 


922 


4,057 


49 


154 


3,952 


1951 


1952 


1,289 


88 


1,377 


3,242 


796 




453 


4,491 


740 


3,751 


45 


3,796 


5,173 


4,129 


9,302 


5,011 


19 


4,992 


3,444 


916 


4,360 


2 


52 


4,310 


1952 


1953 


1,335 


94 


1,429 


3,180 


823 




434 


4,437 


762 


3,675 


30 


3,705 


5,134 


4,211 


9,345 


5,030 


526 


4,504 


4,051 


835 


4,886 


3 


48 


4,841 


1953 

End of 

Jan.-1953 


End of 
1953 — Jan. 


1,266 


87 


1,353 


2,974 


805 




371 


4,150 


540 


3,610 


48 


3,658 


5,011 


4,139 


9,150 


5,017 


108 


4,909 


3,428 


852 


4,280 


2 


40 


4,242 


Feb. 


1,281 


88 


1,369 


2,949 


816 




363 


4,128 


547 


3,581 


51 


3,632 


5,001 


4,192 


9,193 


5,169 


239 


4,930 


3,442 


851 


4,293 


2 


32 


4,263 


Feb. 


Mar. 


1,261 


88 


1,349 


2,936 


824 




450 


4,210 


585 


3,625 


67 


3,692 


5,041 


4,242 


9,283 


5,205 


225 


4,980 


3,534 


822 


4,356 


2 


55 


4,303 


Mar. 


Apr. 


1,272 


89 


1,361 


3,115 


831 




415 


4,361 


571 


3,790 


77 


3,867 


5,228 


4,276 


9,504 


5,271 


238 


5,033 


3,660 


849 


4,509 


2 


40 


4,471 


Apr. 


May 


1,307 


91 


1,398 


3,040 


832 




403 


4,275 


609 


3,666 


72 


3,738 


5,136 


4,268 


9,404 


5,101 


184 


4,917 


3,664 


857 


4,521 


2 


36 


4,487 


May 




1,290 


88 


1,378 


3,143 


835 




497 


4,475 


722 


3,753 


83 


3,836 


5,214 


4,291 


9,505 


5,112 


134 


4,978 


3,699 


848 


4,547 


2 


22 


4,527 


June 


July 


1,333 


92 


1,425 


3,049 


' 839 




383 


4,271 


610 


3,661 


69 


3,730 


5,155 


4,313 


9,468 


5,077 


154 


4,923 


3,773 


828 


4,601 


2 


58 


4,545 


July 


Aug. 


1,302 


92 


1,394 


3,139 


851 




323 


4,313 


585 


3,728 


35 


3,763 


5,157 


4,355 


9,512 


5,058 


213 


4,845 


3,867 


829 


4,696 


2 


31 


4,667 


Aug. 


Sept. 


1,291 


92 


1,383 


3,150 


855 




432 


4,437 


622 


3,815 


38 


3,853 


5,236 


4,371 


9,607 


5,053 


92 


4,961 


3,882 


824 


4,706 


2 


62 


4,646 


Sept. 


Oct. 


1,345 


94 


1,439 


3,152 


844 




387 


4,383 


662 


3,721 


37 


3,758 


5,197 


4,304 


9,501 


5,008 


269 


4,739 


3,982 


835 


4,817 


22 


77 


4,762 


Oct. 


Nov. 


1*,303 


94 


1,397 


3,150 


829 




362 


4,341 


757 


3,584 


43 


3,627 


5,024 


4,239 


9,263 


5,004 


613 


4,391 


4,129 


836 


4,965 


2 


95 


4,872 


Nov. 


Dec. 


1,335 


94 


1,429 


3,180 


823 




434 


4,437 


762 


3,675 


30 


3,705 


5,134 


4,211 


9,345 


5,030 


526 


4,504 


4,051 


835 


4,886 


3 


48 


4,841 


Dec. 


1954— Jan. 


1,293 


93 


1,386 


2,957 


832 




409 


4,198 


579 


3,619 


29 


3,648 


5,034 


4,261 


9,295 


5,061 


558 


4,503 


4,072 


815 


4,887 


2 


97 


4,792 


Jan.-1954 


Feb. 


1,305 


93 


1,398 


2,900 


845 




358 


4,103 


582 


3,521 


34 


3,555 


4,953 


4,317 


9,270 


5,127 


739 


4,388 


4,149 


795 


4,944 


2 


64 


4,882 


Feb. 


Mar. 


1,270 


89 


1,359 


3,006 


858 




512 


4,376 


666 


3,710 


29 


3,739 


5,098 


4,387 


9,485 


4,965 


313 


4,652 


4,066 


764 


4,830 


1 


2 


4,833 


Mar. 




2. GOVERNMENT OF CANADA SECURITIES 









3. TOTAL OF CERTAIN LIQUID ASSETS HELD BY THE GENERAL PUBLIC, 


















AND RELATED FACTORS 






OUTSTAN 


DI 


NG» 


Distrib 


UTION 12 


Liquid Assets 


Total 
Liquid 

Assets 


Related Factors 

15 






Direct Funded Debt 


Guar- 














Currency 

and 

Active 

Bank 

Deposits 


Inactive 




Govt, of Canada 


Bank 


Govt, of 
Can. Debt 
less Govt. 
Deposits & 
loldings of 
Govt.Accts 






Unmatured 


Mai 
a 



stan 


ured 
id 
it- 
ding 


Total 


anteed 

Un- 
matured 
Funded 
Debt 


Exchange 
rate ad- 
justment 

11 


(including 
exchange 
rate adjust- 
ment) 


Bank 

of 

Canada 


Chartered 
Banks 


Govern- 
ment 
Accounts 


General 
Public 




Char- 
tered 
Bank 
Notice 
Deposits 




Securities 


Total 
Related 
Factors 


other than 

Govt, of 

Canada 

Securities 






Special 
Banking 
Issues 9 


Other 

Market 
Issues 


Non- 
market 
Debt 10 


Total 


Market 

Issues 

13 


Non- 
market 
10 


Total 




as at Dec. 31 
1950 


1,500 


12,586 


1,218 


15,304 


i 


il 




15,355 


577 


+2 


15,934 


1,942 


3,079 


847 


10,066 


4,851 


3,861 


8,848 


1,218 


10,066 


18,778 


3,971 


14,807 


as at Dec. 31 
1950 


1951 


1,400 


12,225 


1,194 


14,819 




1 




14,840 


529 


-27 


15,342 


2,191 


2,754 


1,009 
1,101 
1,314 


9,388 




4,843 


3,894 


8,194 


1,194 


9,388 


18,125 


3,952 


14,173 


1951 


1952 


1,400 


12,020 


1,250 


14,670 




9 




14,689 


528 


-43 


15,174 


2,227 


2,784 


9,062 




5,173 


4,129 


7,812 


1,250 


9,062 


18,364 


4,310 


14,054 


1952 


1953 


1,400 


12,090 


1,632 


15,122 


] 


9 




15,141 


523 


-37 


15,627 


2,270 


2,760 


9,283 




5,134 


4,211 


7,651 


1,632 


9,283 


18,628 


4,841 


13,787 


1953 

End of 


1953— Jan. 


1,375 


12,080 


1,237 


14,692 


] 


19 




14,710 


528 


-43 


15,195 


2,154 


2,863 


1 101 


9,077 




5,011 


4,139 


7,840 


1,237 


9,077 


18,227 


4,242 


13,985 


Jan. -1953 


Feb. 


1,500 


12,080 


1,225 


14,805 




8 




14,824 


528 


-38 


15,314 


2,229 


2,940 


1,096 

1,093 

1,090 

1,183" 

1,207 

1,220 

1 236 


9,049 




5,001 


4,192 


7,824 


1,225 


9,049 


18,242 


4,263 


13,979 


Feb. 


Mar. 


1,550 


12,055 


1,206 


14,811 




SO 




14,831 


528 


-38 


15,321 


2,182 


3,024 


9,022 
8,995 
8,845 
8,791 
8,802 
8,799 
8,770 
8,896 
9,356 
9,283 




5,041 


4,242 


7,816 


1,206 


9,022 


18,305 


4,303 


14,002 


Mar. 


Apr. 


1,600 


12,055 


1,190 


14,845 




9 




14,864 


528 


-36 


15,356 


2,233 


3,038 




5,228 


4,276 


7,805 


1,190 


8,995 


18,499 


4,471 


14,028 


Apr. 


May 


1,400 


12,055 


1,163 


14,618 




17 




14,635 


528 


-34 


15,129 


2,186 


2,915 




5,136 


4,268 


7,682 


1,163 


8,845 


18,249 


4,487 


13,762 


May 
June 
July 
Aug. 
Sept. 
Oct. 
Nov. 
Dec. 


June 


1,400 


12,055 


1,143 


14,598 




7 




14,615 


528 


-33 


15,110 


2,258 


2,854 




5,214 


4,291 


7,648 


1,143 


8,791 


18,296 


4,527 


13,769 


July 


1,400 


12,065 


1,126 


14,591 


: 


17 




14,608 


527 


-35 


15,099 


2,290 


2,787 




5,155 


4,313 


7,676 


1,126 


8,802 


18,270 


4,545 


13,725 


Aug. 


1,400 


12,075 


1,109 


14,584 




8 




14,602 


527 


-35 


15,093 


2,245 


2,813 




5,157 


4,355 


7,690 


1,109 


8,799 


18,311 


4,667 


13,644 


Sept. 


1,400 


12,077 


1,091 


14.568 




S 




14,586 


527 


-38 


15,075 


2,211 


2,843 


1,251 
1,262 
1,271 
1,314 




5,236 


4,371 


7,679 


1,091 


8,770 


18,377 


4,646 


13,732 


Oct. 


1,400 


12,092 


1,167 


14,658 




19 




14,677 


527 


-37 


15,166 


2,282 


2,726 




5,197 


4,304 


7,729 


1,167 


8,896 


18,397 


4,762 


13,635 


Nov. 


1,400 


12,090 


1,632 


15.122 




19 




15,141 


527 


-38 


15,630 


2,27.3 


2,730 




5,024 


4,239 


7,724 


1,632 


9,356 


18,619 


4,872 


13,747 
13,787 


Dec. 


1,400 


12,090 


1,632 


15,122 


. 


19 




15,141 


523 


-37 


15,627 


2,270 


2,760 




5,134 


4,211 


7,651 


1,632 


9,283 


18,628 


4,841 


1954— Jan. 


1,400 


12,090 


1,605 


15,095 




19 




15,114 


523 


-38 


15,599 


2,209 


2,853 


1,304 
1,261 
1,151 


9,233 
9,339 
9,166 




5,034 


4,261 


7,628 


1,605 


9,233 


18,528 


4,792 


13,736 
13,727 
13,818 


Jan.-1954 

Feb. 

Mar. 


Feb. 


1,400 


12,090 


1,585 


15,074 




!0 




15,094 


673 


-40 


15,727 


2,276 


2,851 




4,953 


4,317 


7,754 


1,585 


9,339 


18,609 


4,882 


Mar. 


1,400 


11,619 


1,562 


14,582 


( 


52 




14,644 


673 


-35 


15,282 


2,189 


2,776 




5,098 


4,387 


7,604 


1,562 


9,166 


18,651 


4,833 


■^ The term Gc 
residents; for 


aeral Public refers to holdings of non-residents as well as 
an approximate division between resident and non-resident 




month-end returns to the Minister of Finance; (c) Canadian dollar deposits 
of the Government of Canada at the chartered banks and the Bank of 


7. Net of ail reiated asset and liability items of the chartered banks a nd B -nk 1 3. Including ™^*ffi^^P™ti^£>>*- 

of Canada which are not shown elsewhere in this table; includes foreign 14. ™~ f u J'^ Itl!! or decr ease in Canada's foreign exchange 
currency items and liabilities to shareholders. ,„„,„ ,«> reserves is embodied in the related factors. To the extent that such 

8. Net of sinking fund holdings (except as noted in footnote 16). m,"™ do not "appear in Section 1. "Related Bank Assets", under the 

9. Treasury Bills; Deposit Certificates and short-term notes issued directly changes a* not W™™^^ a ' nd ExchanBe ho]din63 (net) " they 


holdings on a 
and non-corpt 


quarterly basis and of resident holdings between corporate 
rate holdings as at year ends see pages 23-24. 


2 


Canada (shown in "Related Bank Assets" section); (d) Canadian dollar 
deposits of the chartered banks at the Bank of Canada. 
. See footnote 1 (a). 


1. Total Canadi 
Canada less: 
the estimated 
personal savi 
Canada; (b) 1 


an dollar dec 
» Inactive 
aggregate m 
lgs deposits 
"loat, i.e. che 


osits of the 
hartered'b: 
nimum qu' 
n Canada I 
lues on oth 


ch 

nk 
rte 
)lus 

r b 


artered t 
notice d< 
ly balan 
non-per 
inks as s 


anks 
posit 
ees in 
onai 
lown 


and th 
5 which 
charte 
notice 
in char 


e Bank 
consis 
red bai 
deposit 
tered b 


of 

of 

lies' 

in 

ink 


3 

4 

5 
c 


. r 
r 
. £ 
. I 
. 1 


Jet ass 
nent o 
ee foo 
'or est 
'rovin 


ets of th 
Canad; 
tnote 1 
mated c 
rial, Mu 


e chartered 
Securities, 
c). 

uarterly cla. 
aicipal and ' 


Danks and £ 

sification of 
Other" secu 


ank 

Can 
rities 


if Canad 
dian loar 


i other than Gc 
s see page 68. 


vern- 


to the Bank of Canada and chartered banks. , 
10 Refundable Tax, War Savings Certificates and Canada Savings Bonds. 

11. Adjustment necessary to change value of foreign pay securities from i.1 - 
4 861 U S =4.861 Cdn. to current rates of exchange. Omciat mid-rates 01 
exchange have been used to September 30. 19S0 and market rates thereafter. 

12. For detailed breakdown of distribution of Government of Canada debt as 
at year-ends see November 1953 Statistical Summary, pages 187-188. 


affect changes in Government of Canada Securities outstanding. 
16 Including 75 of bonds purchased in the New York market during May 1953 

which are held in a sinking fund account. 
Note — Statistics for earlier years and further information with respect to 

details of compilation are available from the Research Department, 

Bank of Canada, on request. 



66 



67 



APRIL 1954 



CHARTERED BANKS 



AGRICULTURAL, INDUSTRIAL AND COMMERCIAL LOANS 

MILLIONS OF DOLLARS MILLIONS OF DOLLARS 




1951 1952 1953 

1. Excluding loans to grain dealers. 2. Including loans to instalment finance companies. 



1954 






TOTAL ACTIVE NOTE CIRCULATION 



MILLIONS OF DOLLARS 



1350 



1250 



1050 



MILLIONS OF DOLLARS 



1350 



1250 




JUNE JULY AUG SEPT OCT. NOV DEC. JAN FEB MAR APR MAY 



APRIL 1954 



68 



Millions of Dollars 



CHARTERED BANKS 
Estimated Quarterly Classification of Loans in Canada 1 

Department of Finance and Bank of Canada 



AS AT END OF 



1. Government and Other Public Services 

(1) Provincial governments 

(2) Municipal governments and school districts 

(3) Religious, education, health and welfare institutions . 

Total Government and Other Public Services.. 

2. Financial 

(1) Investment dealers and brokers to the extent 

payable on call or within thirty days 

(2) Trust, loan, mortgage, investment and insurance 

companies and other financial institutions 

Total Financial 2 

3. Personal 

(1) Individuals, for other than business purposes, on the 

security of marketable stocks and bonds 

(2) Individuals, for other than business purposes, 

not elsewhere classified 

Total Personal 

4. Agricultural, Industrial and Commercial 

(1) Farmers 

(2) Industry: 

(a) Chemical and rubber products 

(b) Electrical apparatus and supplies 

(c) Food, beverages and tobacco 

(d) Forest products 

(e) Furniture 

(f ) Iron and steel products 

(g) Mining and mine products 

(h) Petroleum and products 

(i) Textiles, leather and clothing 

(j) Transportion equipment 

(k) Other products 

Total Industry 

(3) Public utilities, transportation & communications 

(4) Construction contractors 

(5) Grain dealers and exporters 

(6) Instalment finance companies 

(7) Merchandisers 

(8) Other business 

Total Agricultural, Industrial & Commercial 
TOTAL LOANS IN CANADA 



1952 



Mar. Dec 



19.1 

127.1 

44.3 



190.5 

97.3 
86.3 



183.6 

317.3 

196.6 



513.9 



255.2 

54.9 
41.2 

169.7 

147.8 
16.8 

130.5 
39.4 
26.7 

162.8 
55.2 
55.4 



900.4 

57.2 
131.2 
173.8 

71.9 
442.8 
127.5 



2,160.0 
3,048.0 



3.8 

91.7 
43.5 



139.0 

154.6 
103.7 



258.3 

403.8 
242.1 



645.9 



308.1 

34.0 

17.9 

184.4 

138.8 

14.5 

95.2 

45.7 

26.8 

138.2 

54.5 

45.2 



795.2 

65.1 

140.7 
257.4 
205.1 
483.7 
146.6 



2,401.9 
3,445.2 



Mar. 



2.3 

128.0 
44.1 



174.4 

139.8 
112.1 



251.9 

362.7 
253.0 



615.7 



282.8 

33.9 
19.5 

163.7 

154.6 
15.6 

124.4 
58.4 
33.3 

166.3 
60.5 
49.5 



879.8 

52.4 
141.2 
270.7 
189.0 
522.4 
154.6 



2,492.9 
3,535.0 



1953 



June 



5.4 
96.7 
43.5 



145.6 

123.0 
122.9 



245.9 

331.4 
283.4 



614.8 



318.4 

33.4 
28.2 

150.5 

155.3 
16.3 

137.3 
53.1 
44.3 

180.0 
56.4 
53.8 



908.6 

67.0 
169.9 
229.1 
243.7 
583.2 
173.9 



2,693.8 
3,700.1 



Sept. 



10.6 

109.4 

47.1 



167.1 

110.1 
122.6 



232.7 

300.2 
298.2 



598.4 



354.0 

43.4 
41.9 

162.8 

139.8 
17.6 

124.5 
62.0 
55.6 

199.5 
52.8 
58.9 



958.8 

61.7 
175.0 
310.7 
249.3 
595.8 
179.4 



2,884.7 
3,882.9 



Dec. 



10.5 
92.1 
51.9 



154.5 

153.7 
111.7 



265.4 

434.2 
308.4 



742.6 



333.5 

57.0 
38.4 

186.4 

129.1 
16.5 

116.1 
67.9 
60.5 

164.2 
55.8 
54.1 



946.0 

59.7 
162.7 
391.2 
226.3 
584.2 
186.2 



2,889.8 
4,052.3 



1954 



Mar. 



3.4 

136.3 

56.2 



195.9 

167.1 
125.3 



292.4 

379.0 
311.1 



690.1 



304.6 

64.0 

40.1 

163.9 

148.5 

18.4 

141.0 

66.3 

63.9 

177.6 

59.1 

57.4 



1,000.2 

50.8 
160.0 
394.4 
176.5 
607.8 
194.8 



2,889.1 
4,067.5 



The figures for September of each year have been published by the Depart- 
ment of Finance; all other figures are estimated. 



2. Excluding borrowings by instalment finance companies, and by individuals 
on the security of marketable stocks and bonds. 



69 



APRIL 1954 



GOVERNMENT BOND YIELDS AND TREASURY BILL RATES 

Bank of Canada 





Government of Canada 






Theoreticals • 






15th of Each Month 




15 Yr. 


9 Yr. 


5Yr. 


2Yr. 




Bond 


Bond 


Bond 


Bond 


Annual Average 










1947 


2.57 


2.25 


1.75 


1.43 


1948 


2.93 


2.72 


2.27 


1.44 


1949 


2.83 


2.64 


2.24 


1.66 


1950 


2.78 


2.67 


2.22 


1.81 


1951 


3.24 


3.18 


2.69 


2.37 


1952 


3.59 


3.58 


3.22 


2.69 


1953 


3.68 


3.67 


3.56 


3.26 


Monthly 










1953— Feb. 


3.65 


3.62 


3.44 


3.08 


Mar. 


3.65 


3.56 


3.43 


3.11 


Apr. 


3.66 


3.56 


3.43 


3.14 


May 


3.69 


3.62 


3.48 


3.21 


June 


3.72 


3.72 


3.54 


3.28 


July 


3.72 


3.71 


3.57 


3.28 


Aug. 


3.73 


3.72 


3.64 


3.36 


Sept. 


3.75 


3.77 


3.65 


3.41 


Oct. 


3.72 


3.75 


3.66 


3.48 


Nov. 


3.67 


3.74 


3.71 


3.44 


Dec. 


3.61 


3.64 


3.61 


3.20 


1954— Jan. 


3.55 


3.57 


3.55 


3.03 


Feb. 


3.44 


3.32 


3.31 


2.70 


Mar. 


3.27 


3.22 


3.16 


2.47 


Apr. 


3.10 


2.99 


2.92 


2.22 



Long Term 




Market Yields 


Average of Business Days 


Canada 


U.K. 


U.S.A. 


2 


3 


4 


2.59 


2.61 


2.20 


2.93 


2.82 


2.41 


2.85 


2.93 


2.24 


2.77 


3.19 


2.24 


3.21 


3.49 


2.58 


3.54 


4.23 


2.64 


3.66 


3.86 


2.88 


3.60 


4.09 


2.77 


3.60 


3.97 


2.85 


3.62 


3.87 


2.90 


3.64 


3.83 


3.05 


3.70 


3.85 


3.11 


3.72 


3.89 


2.98 


3.73 


3.83 


2.96 


3.73 


3.74 


2.93 


3.70 


3.68 


2.75 


3.65 


3.68 


2.77 


3.61 


3.70 


2.71 


3.53 


3.63 


2.61 


3.43 


3.62 


2.53 


3.22 


3.59 


2.43 


3.04 


3.54 


2.37 



Tender Rates on 3 Month 


Treasury Bills 


Tender nearest 15th of Month 


Canada 


U.K. 


U.S.A. 


.406 


.507 


.592 


.411 


.509 


1.037 


.485 


.521 


1.096 


.552 


.516 


1.215 


.796 


.583 


1.555 


1.076 


2.167 


1.795 


1.688 


2.284 


2.006 


1.473 


2.432 


1.993 


1.503 


2.232 


2.098 


1.528 


2.415 


2.219 


1.530 


2.383 


2.271 


1.699 


2.368 


2.229 


1.759 


2.365 


2.106 


1.795 


2.368 


2.116 


1.911 


2.150 


1.957 


1.929 


2.098 


1.438 


1.904 


2.097 


1.482 


1.877 


2.103 


1.682 


1.883 


2.132 


1.336 


1.741 


2.067 


1.024 


1.612 


2.111 


1.056 


1.56 


2.081 


1.066 



1. Payable in Canada only. 2. Government of Canada 3% due 1 Sept., 1961-66. 3. United Kingdom 3% due 15 Apr., 1959-69. 
4. U.S. Treasury 2)4% due 15 Dec, 1963-68. It was not eligible for commercial banks before Dec. 1, 1952. 



YIELDS OF GOVERNMENT BONDS: CANADA, U.S.A. AND U.K. 



PERCENT 

1.5 



PERCENT 

1.5 




1945 



1946 



1947 



1948 



1949 



1950 



1951 



1952 



1953 



1954 



APRIL 1954 



70 



Cents per Unit 



FOREIGN EXCHANGE RATES 1 

Bank of Canada 





U.S. Dollar in Canada 


£ Sterling in Canada 


Business 














Days 


High 


Low 


Average 
Noon Rate 


High 


Low 


Average 
Noon Rate 


1948 


100.25 


100.25 


100.25 


403.00 


403.00 


403.00 


1949 


110.25 


100.25 


103.08 


403.00 


308.00 


376.13 


1950 


110.25 


103.25 


108.92 


308.00 


289.25 


304.44 


1951 


107.31 


101.19 


105.28 


300.50 


281.38 


294.68 


1952 


101.13 


95.88 


97.89 


281.25 


266.75 


273.40 


1953 


99.78 


96.75 


98.34 


280.94 


272.38 


276.66 


1953-Mar. 


98.63 


97.75 


98.33 


277.63 


275.31 


276.92 


Apr. 


98.63 


98.00 


98.37 


277.94 


275.69 


277.13 


May 


99.78 


98.66 


99.41 


280.94 


278.06 


279.80 


June 


99.63 


99.16 


99.44 


280.38 


278.88 


279.82 


July 


99.44 


98.94 


99.18 


279.88 


278.56 


279.29 


Aug. 


99.00 


98.69 


98.83 


278.81 


277.50 


278.25 


Sept. 


98.88 


97.78 


98.43 


277.69 


274.00 


275.94 


Oct. 


98.66 


97.75 


98.25 


276.75 


273.88 


275.76 


Nov. 


98.03 


97.38 


97.77 


275.56 


273.88 


274.89 


Dec. 


97.63 


97.00 


97.31 


274.44 


272.63 


273.52 


1954-Jan. 


97.56 


97.03 


97.29 


274.38 


272.88 


273.56 


Feb. 


97.13 


96.34 


96.65 


273.13 


271.13 


271.93 


Mar. 


98.19 


96.47 


97.08 


276.44 


271.50 


273.29 


Apr. 


98.75 


97.66 


98.25 


278.31 


275.06 


276.93 



1. Prior to October 2, 19S0, there were official buying and selling rates for the U.S. Dollar and 
Sterling in Canada. The rates used in the table before this date are the mid-rates between official 
buying and selling rates, or the averages thereof. Accordingly the "High" differs from the "Low" only 
in the years when the official rates were changed. Effective October 2. 1950, official rates were discon- 
tinued and rates thereafter are as reported on transactions between banks in the exchange market. 
Commencing with 1950, averages are based on five-day week quotations. 



OFFICIAL HOLDINGS OF 
GOLD AND U.S. DOLLARS 1 

$ mm. U.S. Dept. of Finance 



End 




US 




of 
period 


Gold 


Dollars 


Total 


1948 


401.3 


596.5 


997.8 


1949 


486.4 


630.7 


1,117.12 


1950 


580.0 


1,161.5 


1,741.5 


1951 


841.7 


936.9 


1,778.6 


1952 


885.0 


975.2 


1,860.2 


1953 


986.1 


832.4 


1,818.5 


1953-Mar. 


905.8 


939.5 


1,845.3 


Apr. 


913.7 


930.0 


1,843.7 


May 


923.0 


838.2 


1,761.2 


June 


934.7 


815.4 


1,750.1 


July 


942.2 


813.5 


1,755.7 


Aug. 


951.0 


813.4 


1,764.4 


Sept. 


959.8 


827.5 


1,787.3 


Oct. 


968.3 


816.2 


1,784.5 


Nov. 


976.4 


830.3 


1,806.7 


Dec. 


986.1 


832.4 


1,818.5 


1954-Jan. 


997.5 


836.6 


1,834.1 


Feb. 


1,007.8 


845.7 


1,853.5 


Mar. 


1,015.7 


811.5 


1,827.2 


Apr. 


1,021.9 


788.6 


1,810.5 



Gold and U.S. dollars held by the Exchange Fund 
Account and Bank of Canada and U.S. dollars held by 
other Govt, of Canada Accounts. 

Exclusive of 18.2 set aside out of the proceeds of 
a refunding issue for the purpose of retiring on Feb. 1. 
1950, a security issue guaranteed by the Govt, of 
Canada and payable in U.S. dollars. 



UNITED STATES DOLLAR IN CANADIAN FUNDS 



CANADIAN DOLLARS 



CANADIAN DOLLARS 



.10 



.10 



1.05 



i.00 



.95 



J_L 



1950 



MONTHLY 



APRIL 1954 



BUSINESS DAYS 
HIGH- 




J_L 



±J_± 



J_L 



_L_L 



I I 1 I I I I I 



J_L 



_L_L 



I I 



I I I I 1 I I I 



±A_ 



1.05 



1.00 



.95 



1951 



1952 



1953 



1954 



71 



APRIL 1954 



BOND ISSUES AND RETIREMENTS * 



Par Values in 


Millions of Canadian Dollars 


2 


Bank of Canada 










I-Govt. of Canada Direct & 
Guaranteed and Other C.N.R. 3 




II-Provincial Direct and Guaranteed 




New Issues 


Retirements 


Net New 
Issues 


New Issues 


Retirements 


Net New 




New 


Refunding 


Refunded 


Other 


Issues 


Calendar Years 
1949 
1950 

1951 
1952 
1953 


820.7 

2,191.7 

591.6 

827.1 

2,032.6 


1,236.7 

2,282.6 

922.1 

956.8 

l,591.2f 


-416.0 

-90.9 

-330.5 

-129.7 

441.4J 


409.5 
276.9 
329.2 
376.7 
340. 9f 


54.1 
132.2 
90.1 
69.8 
33.4 


73.5 
131.8 
74.9 
87.5 
33.4 


78.3 
146.5 
137.2 

99.8 
127.8 


311.8 
130.8 
207.1 
259.2 
213.lt 


1952— III 
IV 


5.1 
797.4 


58.0 

710.4 


-52.9 

87.0 




57.3 
102.5 


29.0 
2.9 


1.5 
9.7 


16.1 
25.4 


68.7 
70.3 


1953—1 
II 
III 

IV 


377.4 

10.7 

30.3 

1,614.2 


391.3 
74.8 
62.1 
1,063. Of 


-13.9 
-64.1 
-31.8 
551.2t 




125.7 
88.4 
45.9 
81.0f 


29.8 
3.7 


3.8 
3.7 

26.0 


39.3 

27.4 
27.0 
34.0 


112.3 
57.3 
22.5 
21.0t 


1954—1 


200.7 


594.3 


-393.6 




204.5 


7.2 


4.7 


28.3 


178.7 





III-CORPORATIONS 




New Issues 


Retirements 


Net New 
Issues 




New 


Refunding 


Refunded 


Other 


Calendar Years 












1949 


254.9 


41.8 


41.8 


86.6 


168.3 


1950 


438.7 


55.6 


55.6 


91.1 


347.6 


1951 


394.4 


17.1 


17.1 


114.0 


280.4 


1952 


521.1 


30.3 


30.3 


151.9 


369.2 


1953 


405.5f 


1.2 


1.2 


110.4f 


295.lt 


1952— III 


62.6 


1.4 


1.4 


28.1 


34.6 


IV 


145.4 


22.0 


22.0 


51.0 


94.4 


1953—1 


167.9 


.2 


.2 


36.6 


131.3 


II 


100.2 


.4 


.4 


23. 9 f 


76.3 1 


III 


52.1 


.6 


.6 


21.7 


30.5 


IV 


85.2f 


- 


- 


28.2 


57.lt 


1954—1 


177.7 


.7 


.3 


14.2 


164.0 



I+II+III 



Net New 
Issues 



64.0 
387.5 
157.0 
498.8 
949.6t 

50.3 
251.6 

229.7 
69. 5t 
21.1 

629.3 1 

-50.9 



IV-Govt.ofCanadaTreasuryBhxs. 
Deposit Certificates and Short- 
Term Notes Sold Directlyto Bank 
of Canada and Chartered Banks 


Net New 
Issues 


Total 

Outstanding 

at End of Period 


-100 

300 

-100 

100 
-100 

150 
-150 


1,200 
1,500 
1,400 
1,400 

1,400 

1,500 
1,400 

1,550 
1,400 
1,400 
1,400 

1,400 



SUMMARY OF CHANGES IN CURRENCY OF PAYMENT *• 4 

GOVERNMENT OF CANADA AND PROVINCIAL DIRECT AND GUARANTEED, OTHER C.N.R. 
2 AND CORPORATION BONDS 



Par Values in Millions of Canadian Dollars 





NEW ISSUES were payable In: 


RETIREMENTS were payable In: 


Net Increase 
In Bonds Outstand- 




Canada 
only 


New York 
only 


Canada & 

New York 


London 


Total 


Canada 
only 


New York 
only 


Canada & 
New York 


Canada, 
New York 
& London 


London 
5 


Total 


In Canada 
only 


Abroad 


Calendar Years 




























1949 


1,480.8 


100.0 


- 


.2 


1,581.0 


1,396.6 


8.8 


10.9 


91.4 


9.2 


1,516.9 


84.2 


-20.2 


1950 


2,874.0 


137.5 


83.5 


.1 


3,095.1 


2,444.1 


126.6 


78.9 


45.7 


12.4 


2,707.6 


430.0 


-42.5 


1951 


1,144.5 


277.8 


- 


.1 


1,422.4 


1,140.5 


10.0 


38.2 


61.9 


14.9 


1,265.4 


4.0 


153.0 


1952 


1,568.1 


203.2 


53.8 


- 


1,825.1 


1,272.2 


13.2 


29.3 


9.2 


2.5 


1,326.3 


295.9 


202.8 


1953 


2,572.3t 


228.9 1 


12.5 


- 


2,813.6t 


l,823.2t 


14.9 


12.8 


5.7 


7.4t 


1, 864.lt 


749.lt 


200.5 1 


1952— III 


129.5 


25.9 


- 


- 


155.4 


100.6 


2.1 


1.9 


.1 


.4 


105.1 


28.9 


21.4 


IV 


1,031.3 


38.9 


- 


- 


1,070.1 


808.6 


5.1 


1.1 


3.3 


.4 


818.5 


222.7 


29.0 


1953—1 


611.1 


77.3 


12.5 


_ 


700.9 


459.9 


6.8 


2.6 


1.6 


.4 


471.2 


151.2 


78.4 


II 


167.2 


32.5 


- 


- 


199.7 


120. 2t 


2.6 


3.8 


2.4 


1.2 


130.2t 


47.0t 


22.5 


III 


99.9 


32.7 


- 


- 


132.6 


103.2 


3.0 


2.3 


.1 


2.8 


111.5 


-3.4 


24.5 


IV 


1,694. It 


86.4t 


- 


- 


l,780.4t 


l,139.9t 


2.5 


4.1 


1.6 


3. It 


1,151. It 


554.3t 


75.lt 


1954—1 


438.5 


137.4 


15.0 


- 


590.9 


637.2 


.1 


2.6 


1.6 


.4 


641.9 


-198.7 


147.8 


1. Subject to re 


vision. Th 


e figures exclude changes in 


refundable taxes. 


rates of t 


xchange to Sept. 30, 


1950, an 


d at market 


noon rates thereafter. 


provincial tre 


asury bills •< 


md the issues and retirements 


of municipalities 


In the ca 


se of optional-pay issi 


les the oi 


nion most k 


vourable to the lender 


and religious 


institutions. 


The net repayments of refu 


ndable taxes were 


has been 


taken. 








287, 56, 90 a 


id 24 from 


1949 to 1952 and the net incr 


eases in municipal 3. 


Excludes 


issues shown in item 








bonded debt 


ire estimate 


i to have been 105, 136, 176, 


185 and 181 from 4. 


Excludes 


issues shown in item 


[V above 






1949 to 1953. 






5. 


Including 


issues payable ootior 


ally in C 


anada or Lo 


ndon. 


2. Foreign curre 


ncies have 


been conv 


;rted to C 


anadian 


dollars at c 


fficial t 


Revised. 















APRIL 1954 



72 



Thousands of Fine Ounces 



CANADIAN GOLD STATISTICS 

Bank of Canada 













Net Increase or 


Net Increase or 




New Gold 






Net Increase 


Decrease in 


Decrease in 




Production 


Physical 


Physical 


or Decrease 


Canadian 


Foreign Owned 




available 


Imports 


Exports 


in Official 


Owned Gold 


Gold Held in 




for Export 






Holdings 


Held in Safe- 


Safekeeping in 




l 


2 


3 


4 


keeping Abroad 


Canada 


Calendar Years 














1945 


2,503 


- 


1,505 


1,693 


- 


695 


1946 


2,600 


5 


9,834 


5,253 


- 


12,482 


1947 


2,851 


2 


15,524 


7,155 


- 


5,516 


1948 


3,423 


2,384 


2,505 


3,291 


- 


// 


1949 


3,866 


11 


1,967 


2,440 


- 


530 


1950 


4,283 


12,571 


980 


2,682 


2,857 


16,049 


1951 


4,080 


12,104 


347 


7,507 


143 


8,473 


1952 


4,310 


25 


19,246 


1,246 


2,565 


18,723 


1953 


4,167 


163 


l,181j 


2,901 


143 


105j 


Quarters 














1952—1 


1,150 


8 


11,723 


708 


3,000 


14,274 


II 


987 


2 


3,189 


519 


715 


2,004 


III 


1,083 


13 


1,343 


35 


121 


333 


IV 


1,091 


2 


2,992 


53 


159 


2,112 


1953—1 


1,372 


65 


552 


599 


143 


143 


II 


1,071 


- 


309 


828 


- 


66 


III 


880 


32 


193 


720 


- 


1 


IV 


846 


64 


127\ 


754 


- 


29 f 


1954—1* 


1,022 


12 


66 


849 


- 


119 



Newly mined gold sold by the Mint (excl. sales for industrial purposes) 
plus exports of raw gold or concentrates direct from the mines for refining 
abroad plus commercial sales of gold abroad by mines beginning November 
1, 1951. Beginning November 1, 1951, the series excludes increases in 
commercial gold stocks held in safekeeping by the Mint for the account 
of the mines. 



2. Excluding small amounts of unmanufactured gold, scrap and manufactured 
forms which are shown under various headings in the import returns. 

3. Excluding the gold content of exports of jewellers' sweepings and precious 
metals scrap which are shown in the export returns. 

4. Holdings of the Exchange Fund and Bank of Canada. 
* Preliminary. t Revised. 



PRICE INDEXES 

"Prices and Price Indexes", Dominion Bureau of Statistics 
WHOLESALE PRICES CONSUMER PRICES 2 

Index 1935-39 = 100 Index 1949 = 100 





Total 
Index 

(Mid- 
Month) 


Raw and 
Partly 
Manu- 
factured 


Fully & 
Chiefly 
Manu- 


FARM PRODUCTS 1 


Total 
Index 

(1st of 
Month) 


Food 


Shelter 


Clothing 


Household 
Operation 


Other 
Com- 
modities 
& Services 




Field 


A n J m a 1 


Total 




iacturecl 




I \ 1 1 1 1 J lit 1 




100 


32 


15 


11 


17 


25 


Average of Months 


























1929 


124.6 


126.1 


123.7 


137.2 


144.4 


140.8 


75.8 


* 


* 


* 


* 


* 


1933 


87.4 


79.3 


93.3 


69.3 


69.2 


69.3 


58.8 


* 


* 


* 


* 


* 


1937 


107.7 


113.7 


104.4 


128.9 


106.0 


117.4 


63.0 


* 


* 


* 


* 


* 


1946 


138.9 


140.1 


138.0 


177.9 


181.2 


179.5 


77.5 


* 


* 


* 


* 


* 


1950 


211.2 


212.8 


211.0 


191.9 


281.4 


236.7 


102.9 


102.6 


106.2 


99.7 


102.4 


103.1 


1951 


240.2 


237.9 


242.4 


200.4 


336.9 


268.6 


113.7 


117.0 


114.4 


109.8 


113.1 


111.5 


1952 


226.0 


218.7 


230.7 


223.0 


277.5 


250.2 


116.5 


116.8 


120.2 


111.8 


116.2 


116.0 


1953 


220.7f 


207. Of 


228.8t 


175.1 


263.8 


219.5 


115.5 


112.6 


123.6 


110.1 


117.0 


115.8 


Monthly 


























1953— Jan. 


221.5 


209.3f 


228.7t 


201.6 


266.4 


234.0 


115.7 


113.5 


122.3 


109.7 


116.5 


116.7 


Feb. 


221.lt 


208. 0t 


228.8 


196.6 


263.1 


229.9 


115.5 


112.7 


122.5 


109.6 


116.6 


116.7 


Mar. 


221.9 


209. 9t 


229.2 


191.9 


264.3 


228.1 


114.8 


111.6 


122.5 


109.7 


116.7 


115.2 


Apr. 


219.5f 


205.6f 


227 .8t 


187.6 


255.8 


221.7 


114.6 


110.9 


122.7 


109.7 


116.9 


115.0 


May 


220.0J 


206.4t 


228.2 


185.2 


263.2 


224.2 


114.4 


110.1 


122.9 


110.1 


116.6 


115.1 


June 


221. 5f 


207.2 


230. 2t 


184.5 


268.7 


226.6 


114.9 


111.4 


123.6 


110.1 


116.6 


115.1 


July 


221. Of 


207.2 


229. 3t 


187.7 


265.3 


226.5 


115.4 


112.7 


123.9 


110.3 


117.0 


115.2 


Aug. 


222.2f 


210.lt 


229.7t 


157.2 


269.9 


213.6 


115.7 


112.8 


124.1 


110.4 


117.2 


115.8 


Sept. 


221.2f 


207. if 


229. 8t 


154.0 


263.7 


208.9 


116.2 


114.0 


124.2 


110.4 


117.4 


115.9 


Oct. 


220.4J 


205. 0t 


228.8f 


151.7 


265.3 


208.5 


116.7 


115.5 


124.5 


110.3 


117.5 


116.0 


Nov. 


218.7f 


203 .3t 


228.0f 


151.7 


258.0 


204.9 


116.2 


113.4 


125.0 


110.3 


117.4 


116.3 


Dec. 


219.0 


204.4 


227.6 


151.9 


261.6 


206.8 


115.8 


112.1 


125.2 


110.2 


117.4 


116.3 


1954— Jan. 


219.8 


206.5 


227.8 


152.5 


266.3 


209.4 


115.7 


111.6 


125.4 


110.1 


117.5 


116.4 


Feb. 


219.0 


205.1 


227.3 


152.9 


264.7 


208.8 


115.7 


111.7 


125.4 


110.0 


117.5 


116.5 


Mar. 


218.6 


204.3 


226.9 


151.3 


262.0 


206.7 


115.5 


110.7 


125.6 


109.8 


117.6 


116.6 


Apr. 














115.6 


110.4 


125.6 


109.9 


118.1 


117.2 



An independent series with different weighting and different prices from 
those included in the "Total Index". Prices include subsidies. Prices used 
for western wheat, oats and barley are initial payments to farmers plus 
retroactive revisions to include participation payments as these are an- 
nounced. 
Revised. 



2. Components were selected and weighted on the basis of 1948 urban family 
incomes ranging from SI, 650 to $4,050 with incomes between $2,000 and 
$3,000 most common. The Consumer Price Index prior to 1949 is the 
Cost-of-Living Index inclusive of all tobacco taxes linked to the Consumer 
Price Index 1949 = 100. 

* Not available. 



73 



APRIL 1954 



EMPLOYMENT AND LABOUR INCOME 

"Employment and Payrolls", "Man-Hours and Hourly Earnings" and "Estimates of Labour Income", Dominion Bureau of Statistics 





EMPLOYMENT INDEXES 1. 2 


AVERAGE HOURS WORKED I. J 


AVERAGE HOURLY 
EARNINGS 1.3.4 






Indus- 
trial 
Composite 


Manu- 
facturing 


Con- 
struction 


Mining 


Manu- 
facturing 


Con- 
struction 


Mining 






Manu- 
facturing 


Con- 
struction 


Mining 


Monthly 
Labour 
Income 

4.5 




Index 1949 = 100 


Number 


Cents 


Millions $ 


Monthly Average 
1946 


88.2 


91.0 


69.5 


86.9 


42.7 


38.4 


43.2 


70.0 


76.9 


87.3 


444 


1947 


95.7 


97.2 


85.6 


88.6 


42.5 


39.3 


42.2 


80.3 


84.6 


98.0 


518 


1948 


99.7 


100.1 


95.4 


97.2 


42.2 


39.2 


42.6 


91.3 


94.1 


111.1 


597 


1950 


101.5 


100.9 


102.4 


105.5 


42.3 


39.9 


43.0 


103.6 


105.6 


121.4 


693 


1951 


108.8 


108.0 


110.2 


110.6 


41.8 


40.3 


43.1 


116.8 


117.6 


133.4 


806 


1952 


111.6 


109.3 


122.5 


116.8 


41.5 


41.7 


42.7 


129.2 


130.8 


147.1 


895 


1953 


113.4 


113.3 


118.6 


111.7 


41.3 


41.8 


42.6 


135.8 


143.1 


153.8 


971 


First of Month 
1953— Jan. 


113.0 


111.4 


111.3 


114.9 


38.3 


34.7 


40.6 


134.01 


137.5| 


153.4 


928 


Feb. 


110.3 


111.9 


101.9 


114.4 


41.9 


41.6 


43.0 


134.2 


142.3 


153.3 


920 


Mar. 


110.0 


112.7 


93.7 


113.4 


42.1 


42.8 


42.1 


134.4 


142.7 


152.9 


924 


Apr. 


110.0 


112.9 


95.9 


111.9 


42.1 


42.0 


41.8 


134.9 


143.8 


152.6 


949 


May 


110.9 


113.1 


108.5 


111.9 


41.8 


41.0 


42.4 


135.5 


144.3 


153.7 


969 


June 


112.4 


113.4 


119.0 


112.1 


41.7 


42.3 


43.1 


135.9 


142.9 


153.1 


979 


July 


114.9 


114.7 


127.5 


113.7 


41.3 


42.4 


42.9 


136.2 


141.9 


153.0 


986 


Aug. 


115.6 


114.4 


135.4 


114.7 


41.0 


43.0 


42.8 


136.0 


142.5 


152.7 


993 


Sept. 


116.6 


115.6 


139.6 


112.3 


41.0 


43.3 


43.0 


135.7 


143.0 


153.4 


1,012 


Oct. 


116.9 


115.2 


135.8 


108.8 


41.5 


43.4 


43.2 


136.6 


146.6 


154.8 


1,009 


Nov. 


115.9 


113.1 


131.5 


107.8 


41.4 


42.4 


43.0 


137.4 


146.5 


155.9 


995 


Dec. 


114.1 


110.9 


122.7 


105.1 


41.2 


41.6 


43.9 


138.4 


147.3 


157.3 


989 


1954— Jan. 
Feb. 


109.9 
107.0 


108.0 
108.3f 


105.5f 
92.0 


103.6 
105.7 


38.5f 
40.7 


35.lt 
39.7 


40.5f 
42.5 


140.4 
140.4 


148.2 
151.5 


158.3t 
158.1 


941 
947 


Mar.* 


106.5 


108.1 





















As reported by employers usually having 15 or more employees. Dated 

first of month and covering the last pay period in the previous month. 

Include Newfoundland commencing in 1950. 

Coverage, including salaried and part-time workers, at Feb. 1. 1954 was 

Industrial Composite 2,402,419; Manufacturing 1,125,509 Construction 

185,518; Mining 94,834. 

Include hourly rated wage earners only. 



4. Gross earnings before deductions for taxes, unemployment insurance, etc. 

5. Wages and salaries and includes bonuses and commissions, food, clothing, 
shelter and contributions to insurance, pensions, etc. provided by employer. 
Includes Newfoundland commencing in 1949. 

I Corrected. 
* Preliminary, 
t Revised. 



SELECTED EMPLOYMENT INDEXES 



INDEX 1949-100 




FIRST OF MONTH 



120 120 



no no 



i i 1 100 100 

JUNE JUNE 



NOEX 1949-100 




JUNE JUNE 




DEC 



APRIL 1954 



74 



Estimates in Thousands 



LABOUR FORCE STATUS OF THE POPULATION J 

'The Labour Force" , Dominion Bureau of Statistics, Department of National Defence 







At work 


At work less than 


With jobs but 








Total 








35 HOURS or more 


35 HOURS 


not at work 


Without 


Total 


Not in 
Labour 
Force 


Civilian 
non- 




In Week 
Ending 


Agri- 
culture 


Non- 
Agri- 


Usually 

work 
less than 


Usually work 
35 hrs. or more 

Lay off _.. 
and 1 Ot her 


Lay-off 


Other 
reasons 


jobs 
and 

SEEKING 
WORK 


Civilian 
Labour 
Force 


TIONAL 

Popula- 
tion 14 

YEARS OF 
AGE AND 


Armed 
Forces 










35 hrs. 


short 
time 


reasons 
2 


3 


4 


5 






OVER 






31 


796 


3,814 




19 


109 


105 


5,276 


4,536 


9,812 




1952— May 




433 


98 


Aug. 


16 


904 


3,665 




342 


17 


362 


85 


5,375 


4,485 


9,860 


99 


Nov. 


22 


724 


3,934 




365 


19 


107 


113 


5,262 


4,660 


9,922 


100 


Dec. 


13 

24 


701 
687 


3,834 
3,836 




458 


26 
48 


100 
121 


131 
187 


5,250 
5,200 


4,685 
4,764 


9,935 
9,964 


100 


1953— Jan. 


198 


45 


78 


103 


Feb. 


21 


680 


3,838 


196 


41 


84 


52 


124 


179 


5,194 


4,786 


9,980 


104 


Mar. 


21 


719 


3,815 


195 


41 


89 


39 


122 


172 


5,192 


4,794 


9,986 


104 


Apr. 


18 


766 


3,879 


192 


30 


74 


27 


108 


165 


5,241 


4,781 


10,002 


105 


May 


16 


821 


3,899 


211 


32 


145 2 


11 


88 


114 


5,321 


4,685 


10,006 


105 


June 


20 


838 


4,050 


195 


28 


61 


10 


115 


90 


5,387 


4,633 


10,020 


105 


July 


18 


927 


3,880 


184 


28 


63 


13 


330 


90 


5,515 


4,522 


10,037 


105 


Aug. 


22 


908 


3,912 


168 


33 


72 


17 


305 


92 


5,507 


4,550 


10,057 


106 


Sept. 


19 


847 


4,049 


169 


35 


75 


13 


126 


84 


5,398 


4,682 


10,080 


106 


Oct. 


24 


776 


4,054 


182 


46 


58 


14 


110 


111 


5,351 


4,744 


10,095 


107 


Nov. 


21 


733 


3,981 


194 


60 


68 


27 


102 


151 


5,316 


4,791 


10,107 


107 


Dec. 


12 


702 


3,848 


186 


65 


1712 


26 


87 


190 


5,275 


4,840 


10,115 


107 


1954— Jan. 


23 


681 


3,784 


186 


65 


107 


24 


115 


280 


5,242 


4,887 


10,129 


110 


Feb. 


20 


700 


3,742 


194 


65 


95 


23 


99 


312 


5,230 


4,909 


10,139 


111 


Mar. 


20 


723 


3,736 


193 


71 


82 


21 


92 


318 


5,236 


4,912 


10,148 


113 



Estimates based on a sample of about 30,000 households and therefore 
subject to sampling error which is relatively larger the smaller the estimate. 
For revised details back to 1949 see "The Labour Force", D.B.S. 
Principal reasons are bad weather, illness, vacations and, in December and 
May, observance of religious holidays. 



3. Includes only those who had definite instructions to return to their jobs 
within 30 days of date on which lay-off began. 

4. Principal reasons are illness and vacations. 

5. Includes persons who, though having jobs, did not work but sought work 
and those who would have sought work but were temporarily ill, on in- 
definite or prolonged lay-off. or believed no work was available. 



RAILWAYS : OPERATING STATISTICS 1 

Compiled from "Railway Transport" , Dominion Bureau of Statistics 











REVENUE FREIGHT TRAFFIC 


REVENUE 


PASSENGER 


TRAFFIC 








Single 

Track 

Mileage 














Employees 


and 
Wages 


Train 
Miles 


Tons 

Carried 
2 


Tons 

Carried 

One Mile 


Train 
Miles 


Passengers 
Carried 


Passengers 
Carried 
One Mile 




Thousands 


$ mm. 


Route Miles 


Millions 


Millions 


1926 


174 


253 


40,350 


* 


105 


34,153 


* 


43 


2,999 


1929 


188 


291 


41,380 


* 


115 


35,026 


* 


39 


2,897 


1933 


122 


158 


42,336 


* 


57 


21,093 


* 


19 


1,393 


1937 


134 


194 


42,727 


52 


82 


26,926 


37 


22 


1,929 


1938 


128 


195 


42,742 


49 


76 


26,835 


36 


21 


1,783 


1946 


180 


397 


42,335 


78 


139 


55,310 


46 


43 


4,649 


1947 


184 


430 


42,322 


82 


153 


60,143 


45 


41 


3,733 


1948 


190 


512 


42,248 


83 


155 


59,080 


46 


38 


3,477 


1949 


192 


523 


42,979 


82 


143 


56,338 


46 


35 


3,193 


1950 


190 


523 


42,978 


81 


144 


55,538 


44 


31 


2,816 


1951 


204 


625 


42,956 


87 


184 


64,300 


46 


31 


3,110 


1952 


214 


669 


* 


89 


185 


68,430 


48 


30 


3,151 







RAIL LINE EARNINGS 




Other 


Gross 


Less: 


Net 










Earnings 

3 


Operating 
Expenses 


Operating 




Freight 


Passenger 1 Express Other 


Total 


Earnings 


Revenue 






Millions of Dolla 


'S 








1926 


356 


88 


22 


12 


478 


16 


494 


390 


104 


1929 


385 


88 


23 


14 


510 


24 


534 


433 


101 


1933 


202 


35 


11 


10 


258 


12 


270 


233 


37 


1937 


270 


43 


13 


12 


338 


17 


355 


301 


54 


1938 


256 


41 


12 


11 


320 


17 


337 


296 


41 


1946 


532 


110 


28 


15 


685 


34 


719 


624 


95 


1947 


608 


97 


30 


16 


751 


34 


785 


691 


94 


1948 


699 


92 


32 


17 


840 


35 


876 


808 


68 


1949 


707 


95 


36 


18 


857 


38 


894 


831 


63 


1950 


769 


88 


36 


24 


917 


42 


959 


834 


125 


1951 


876 


99 


42 


21 


1,040 


49 


1,089 


978 


111 


1952 


942 


103 


50 


26 


1,120 


52 


1,172 


1,057 


115 



1. Includes Newfoundland commencing in 1949. 2. Originated on Canadian railways and received from foreign connections, 

from telegraph and telephone, dining and buffet, storage, water line, etc. *Not available. 



3. Includes earnings 



75 



APRIL 1954 



1935-39 = 100 



VOLUME OF INDUSTRIAL PRODUCTION 
INDEXES NOT SEASONALLY ADJUSTED 

"Canadian Statistical Review", Dominion Bureau of Statistics 





Total 


Mining 


Manufacturing 


Electricity 




Total 


Non- 


Durables 


Manufactured 










Durables 




Gas 


Weighting 


100.0 


16.8 


75.6 


46.1 


29.5 


7.6 


Annual Average 














1935 


85.6 


79.5 


86.5 


89.0 


82.7 


90.4 


1937 


108.0 


103.8 


109.3 


106.7 


113.2 


105.1 


1939 


109.7 


118.0 


108.1 


108.2 


107.9 


107.5 


1945 


187.2 


100.9 


209.8 


176.3 


262.1 


152.1 


1947 


187.8 


106.2 


207.7 


191.2 


233.5 


169.3 


1949 


199.6 


131.7 


217.0 


198.2 


246.3 


176.1 


1950 


211.5 


145.4 


228.1 


208.3 


259.1 


190.9 


1951 


226.5 


161.8 


242.1 


214.0 


285.9 


214.2 


1952 


232.9 


174.7 


246.3 


215.2 


294.8 


228.8 


1953 


248.4 f 


185 .8 f 


262 .9 1 


224.1 


323.6| 


241.9 


Monthly 
1953— Jan. 


232.1 


164.6 


245.6 


203.4 


311.6 


246.7 


Feb. 


242.0 


162.6 


258.3 


214.3 


327.0 


254.4 


Mar. 


246.8 


160.2 


265.6 


221.8 


334.1 


251.0 


Apr. 


254.5 


175.5 


270.8 


227.8 


337.9 


266.3 


May 


254.7 


180.4 


271.6 


230.3 


336.3 


250.0 


June 


257.5 


196.3 


273.3 


231.9 


338.1 


235.7 


July 


247.0 


206.5 


258.3 


219.5 


319.2 


223.4 


Aug. 


248.5 


201.1 


262.0 


230.5 


311.3 


218.4 


Sept. 


257.0 


212.2 


269.9 


235.1 


324.5 


226.7 


Oct. 


254.3 


200.0 


268.0 


232.5 


323.7 


237.7 


Nov. 


250.5 


194.1 


263.6 


230.7 


315.1 


244.4 


Dec. 


235.3 


176.0 


247.2 


210.8 


304.0 


248.0 


1954— Jan. 


229.0* 


171.4| 


240.1* 


202.0* 


299.6* 


246.0 


Feb. 


237.4* 


180.3* 


248.7* 


211.5* 


306.8* 


250.6 



t Revised. 



* Preliminary. 



INDEX 1935-39-100 

280 




INDEXES OF INDUSTRIAL PRODUCTION 
NOT SEASONALLY ADJUSTED 



280 290 



INDEX 1935-39-100 

290 



240 



JUNE 



DEC. 



240 250 



200 210 

TO ! 

JUNE JUNE 




DEC. 



JUNE 




220 280 — 



180 240 



140 200 i 

1 o : 




280 



240 



DEC. 



JUNE 



DEC. 



JUNE 



APRIL 1954 



76 



Thousands of Tons 



NEWSPRINT : NORTH AMERICA 

"Monthly Newsprint Report", Newsprint Association of Canada 





SUPPLY 


ESTIMATED CONSUMPTION 


STOCKS 




Production 


Imports 

from 
Europe 


Less: 
Exports 
Overseas 


Total 
Supply 


U.S. 
Publishers 


Canadian 

Publishers 

l 


Total 






Canada 
l 


U.S.A. 


Total 


Net 

Change 


Calendar Years 






















1935 


3,083 


912 


3,995 


197 


734 


3,459 


3,345 


200 


3,545 


-86 


1937 


3,998 


946 


4,944 


294 


771 


4,466 


3,825 


220 


4,045 


+421 


1947 


4,820 


826 


5,646 


129 


709 


5,056 


4,753 


275 


5,028 


+37 


1948 


4,983 


867 


5,850 


267 


542 


5,576 


5,141 


306 


5,447 


+ 129 


1949 


5,176 


900 


6,076 


255 


463 


5,868 


5,529 


335 


5,865 


+3 


1950 


5,279 


1,015 


6,293 


171 


223 


6,241 


5,937 


355 


6,292 


-50 


1951 


5,516 


1,125 


6,641 


206 


378 


6,469 


5,975 


360 


6,335 


+ 135 


1952 


5,687 


1,147 


6,834 


183 


530 


6,487 


5,988 


369 


6,357 


+130 


1953 


5,721 


1,084 


6,805 


164 


503 


6,466 


6,143 


398 


6,541 


-75 


12-mths. ending 






















Mar. 1954 


5,774 


1,098 


6,872 


154* 


533 


6,493* 


6,130 


399 


6,529 


-36* 


Monthly 






















1953— Jan. 


473.6 


93.8 


567.4 


13.3 


26.6 


554.1 


462.9 


31.9 


494.7 


+59.4 


Feb. 


439.2 


82.9 


522.1 


18.5 


22.4 


518.2 


455.3 


30.7 


486.0 


+32.1 


Mar. 


484.3 


91.9 


576.2 


11.7 


24.9 


563.1 


553.9 


35.0 


588.9 


-25.8 


Apr. 


480.3 


88.2 


568.5 


18.6 


36.5 


550.6 


538.0 


32.0 


570.0 


-19.4 


May 


480.2 


92.4 


572.6 


14.4 


41.3 


545.7 


565.2 


33.8 


599.0 


-53.4 


June 


463.2 


90.7 


553.9 


13.3 


48.5 


518.7 


501.6 


33.6 


535.2 


-16.4 


July 


491.3 


88.1 


579.4 


12.8 


54.0 


538.1 


447.4 


32.4 


479.8 


+58.3 


Aug. 


484.5 


90.8 


575.3 


11.4 


52.8 


533.9 


472.5 


31.1 


503.7 


+30.3 


Sept. 


467.4 


86.0 


553.4 


10.1 


51.3 


512.2 


507.1 


32.4 


539.5 


-27.3 


Oct. 


510.8 


97.1 


607.9 


16.lt 


55.9 


568.0f 


565.1 


36.5 


601.6 


-33.6f 


Nov. 


473.2 


92.4 


565.6 


11.8 


48.4 


528.9 


563.0 


33.8 


596.8 


-67.9 


Dec. 


473.3 


89.7 


563.0 


12.2 


40.7 


534.5 


510.8 


35.1 


545.9 


-11.4 


1954— Jan. 


476.2 


96.3 


572.4 


8.0 


34.1 


546.3 


477.7 


32.8 


510.6 


+35.7 


Feb. 


457.9 


88.2 


546.1 


11.7* 


33.1 


524.7* 


454.8 


30.3 


485.1 


+39.6* 


Mar. 


515.5 


98.1 


613.6 


14.0* 


36.8 


590.8* 


526.7 


35.0 


561.7 


+29.1* 



1. Includes Newfoundland. t Revised. * Preliminary. 



NEWSPRINT: PRODUCTION, CONSUMPTION, DISTRIBUTION AND EXPORT PRICE 

DISTRIBUTION OF CANADIAN SHIPMENTS 



CANADIAN PRODUCTION 

THOUSANDS OF SHORT TONS 

5900 



RUNNING 12-MONTH TOTALS 

15900 5000 




THOUSANDS OF SHORT TONS 

5000 



2500 




2500 



JUNE DEC JUNE 

NORTH AMERICA ' SUPPLY AND CONSUMPTION 

THOUSANDS OF SHORT TONS 

6600 



6500 



6400 



6300 



0T 




6600 



6500 



6400 



6300 



I9SI 1952 1953 

NEWSPRINT EXPORT PRICE IN CANADIAN DOLLARS* 

CANADIAN DOLLARS PER SHORT TON 

130 f 1 I I 1 ~~| 1130 



120 



110 



100 



























J 












m.i 










....IT 



120 



110 



100 



1949 



1950 



I9SI 



I0S2 



1953 



1954 



1. Canadian and U.S. production plus imports less exports. 2. Prices are the Canadian dollar equivalents at the monthly average noon exchange 
rates of the U.S. dollar contract prices for standard newsprint rolls delivered to principal ports. Data through 1951 are averages of prices on one 
specific day of each 4 or 5 weeks. Beginning with 1952. prices are those prevailing on a particular day of the month, usually within the week containing 
the 15th of the month. Prices were compiled by the U.S. Dept. of Labor, Bureau of Labor Statistics and published in "Business Statistics, 1953". 



77 



APRIL 1954 



Millions of Bushels Com 


piled from 


Handbook of 


Agriculture, 


! statistics, 1 


J art 1 and 


1 he Wheat 


Review, D.b 


S. 








Supplies 


Beginning of Period 




Less: 
Apparent 
Domestic 
Dis- 
appearance 


Available 
for 

Export 
and 

Carry- 
over 


Less: 

Exports 

of Wheat 

and 

Flour 

l 




Crop Year 
Beginning 
August 1 


Wheat 

in 
Canada 


Canadian 
Wheat in 

U.S. 
Positions 


Total 
Carry- 
over 


Crop 


Total 
Supplies 


End of 
Period 
Stocks 


1931/32 


133 


6 


139 


321 


460 


117 


343 


207 


136 


1932/33 


130 


6 


136 


443 


579 


97 


482 


264 


218 


1933/34 


210 


8 


218 


282 


500 


102 


398 


195 


203 


1934/35 


193 


10 


203 


276 


479 


100 


380 


166 


214 


1935/36 


202 


12 


214 


282 


496 


114 


381 


254 


127 


1936/37 


108 


19 


127 


219 


347 


100 


247 


210 


37 


1937/38 


33 


4 


37 


180 


217 


96 2 


121 


96 


25 


1938/39 


24 


1 


25 


360 


385 


123 


263 


160 


103 


1939/40 


95 


8 


103 


521 


624 


131 


493 


193 


300 


1940/41 


273 


28 


300 


540 


841 


129 


711 


231 


480 


1941/42 


448 


32 


480 


315 


795 


145 


650 


226 


424 


1942/43 


405 


19 


424 


557 


980 


171 


810 


215 


595 


1943/44 


579 


15 


595 


285 


880 


179 


700 


344 


357 


1944/45 


338 


18 


357 


417 


774 


173 


601 


343 


258 


1945/46 


239 


20 


258 


319 


577 


160 


417 


343 


74 


1946/47 


74 


- 


74 


414 


487 


162 


326 


239 


86 


1947/48 


86 


- 


86 


342 


429 


156 


273 


195 


78 


1948/49 


78 


- 


78 


386 


464 


130 


335 


232 


102 


1949/50 


102 


- 


102 


371 


474 


136 


337 


225 


112 


1950/51 


112 


- 


112 


462 


574 


144 


430 


241 


189 


1951/52 


187 


2 


189 


553 


742 


169 


573 


356 


217 


1952/53 


215 


2 


217 


688 


905 


150f 


755f 


386 


369f 


1953/54* 


368 


1 


369 


614 


983 


160 


8233 







1. Canadian Customs figures adjusted for changes in stocks of Canadian wheat in U.S.A. Lake and Seaboard Ports until 1935/36; after that year Board of Grain 
Commissioners' clearances. 2. Exclusive of consumption of 5.7 imported from the United States. 3. There was 671 available for export and carry over at 
March 1, 1954 and 547 at March 1, 1953. t Revised. * Preliminary. 



U.S.A. ECONOMIC STATISTICS 

U.S. Department of Commerce 



U.S. Dept. of Labor 



Federal 
Reserve 









Govt. 
















Average 






Gross 
National 
Product 


Change in 

Business 

Inventories 


Expend- 
iture on 
National 
Security 


Savings 

as a 

Percentag 

of 


Total 
Personal 
s Income 


Con- 
struction 


Unem- 
ployment 


Retail 

Sales 


Consumer 
Price 
Index 


Wholesale 

Prices: 
All Com- 
modities 


Hourly 
Earnings 
in Manu- 
facturing 


Total 
Industrial 
Production 








1 


DisposabI 


° 


3 




4 






5 


4 




Billions of Dollars 2 


Income 


Billions of $ 2 


Billions of $ 


Millions 


Billions of $ 


1947-4 


9 = 100 


Dollars 


1947-49 = 100 


Annual Averages 6 


























1929 


103.8 


1.6 


* 


4.5 


85.1 


10.8 


1.6 


48.5 


73.3 


61.9 


.57 


59 


1933 


55.8 


-1.6 


* 


-2.7 


46.6 


2.9 


12.8 


24.5 


55.3 


42.8 


.44 


37 


1937 


90.2 


2.3 


* 


5.5 


74.0 


7.0 


7.7 


42.2 


61.4 


56.1 


.62 


61 


1946 


211.1 


6.1 


21.2 


7.6 


177.7 


12.0 


2.3 


102.5 


83.4 


78.8 


1.09 


90 


1950 


286.8 


7.5 


18.5 


5.5 


226.7 


28.8 


3.1 


143.7 


102.8 


103.1 


1.47 


112 


1951 


329.8 


10.9 


37.4 


7.5 


254.3 


30.9 


1.9 


158.2 


111.0 


114.8 


1.59 


120 


1952 


348.0 


3.7 


48.9 


7.2 


269.7 


32.6 


1.7 


164.1 


113.5 


111.6 


1.67 


124 


1953 


367.2 


2.5 


51.8 


7.3 


284.5 


34.8 


1.5 


170.8 


114.4 


110.1 


1.76 


134 


Monthly 


























1953— Jan. 


1 








280.5 


2.4 


1.9 


14.1 


113.9 


109.9 


1.74 


134 


Feb. 


[363.9 


3.7 


51.6 


7.2 • 


281.0 


2.3 


1.8 


14.5 


113.4 


109.6 


1.74 


134 


Mar. 


J 








283.6 


2.5 


1.7 


14.4 


113.6 


110.0 


1.75 


135 


Apr. 


] 








282.7 


2.7 


1.6 


14.3 


113.7 


109.4 


1.75 


136 


May 


[371.4 


6.3 


53.5 


6.9 


284.7 


2.9 


1.3 


14.4 


114.0 


109.8 


1.76 


137 


June 


I 








286.3 


3.2 


1.6 


14.5 


114.5 


109.5 


1.76 


136 


July 


| 








' 287.5 


3.3 


1.5 


14.5 


114.7 


110.9 


1.77 


137 


Aug. 


[369.5 


3.1 


52.1 


7.5 


287.0 


3.3 


1.2 


14.1 


115.0 


110.6 


1.77 


136 


Sept. 


I 








286.3 


3.3 


1.2 


14.0 


115.2 


111.0 


1.78 


133 


Oct. 


1 








' 287.2 


3.2 


1.2 


14.0 


115.4 


110.2 


1.78 


132 


Nov. 


[363.5 


-3.0 


50.0 


7.7 


285.9 


3.0 


1.4 


14.1 


115.0 


109.8 


1.78 


129 


Dec. 


J 








284.6 


2.7 


1.9 

7 

3.1 


13.9 


114.9 


110.1 


1.79 


127 


1954— Jan. 


1 






7.7 J 


283.7 


2.4 


13.7 


115.2 


110.9 


1.80 


125 


Feb. 


359.0J 


-4.5} 


47.01 


283.0| 


2.3 


3.7 


13.9f 


115.0 


110.5 


1.79 


124 f 


Mar.** 


J 








282.8 


2.5 


3.7 


13.7 


114.8 


110.6 


1.79 


123 



1. Includes stockpiling, atomic energy, and Mutual Defence Assistance in 
addition to strictly military programmes. 

2. Seasonally adjusted annual rates. 

3. Value of new work put in place. 

4. Seasonally adjusted. 

5. Production workers. 

6. Quarterly averages for first four columns. Calendar year totals in the case 



of "Construction" and "Retail Sales". 

New sample covering 230 areas as against 68 in the old series begins with 

1954. 

Not available. 

Preliminary. 

Council of Economic Advisers estimates. 

Revised. 



APRIL 1954 



78 



Millions of Dollars 



EXTERNAL TRADE AND TRADE INDEXES ' 

Compiled from "Trade of Canada", Dominion Bureau of Statistics 



TOTAL EXPORTS (EXCLUDING GOLD) TO 2 


New Gold 

Production 

Available 

for 

Export 


EXPORT INDEJ 

1948 = 100 


OES 5 




U.S.A. 


U.K. 


Other 

Sterling 

Area 

3 


Western 

Europe & 

Colonies 

4 


Central 

and 

South 

America 


All 
Other 


Total 

All 

Countries 






Total 
Value 


Price 


Physical 

Volume 


Calendar Years 
1926 


471 


318 


85 


283 


44 


76 


1,277 


30 


41.0 


70.2 


58.4 


1929 


515 


226 


93 


207 


44 


92 


1,178 


37 


37.5 


64.4 


58.2 


1933 


173 


188 


39 


95 


10 


30 


535 


82 


17.2 


39.9 


43.1 


1937 


394 


386 


97 


94 


25 


49 


1,045 


145 


32.4 


53.4 


60.7 


1947 


1,057 


754 


359 


327 


135 


180 


2,812 


99 


90.2 


91.6 


98.5 


1948 


1,522 


689 


290 


317 


127 


165 


3,110 


119 


100.0 


100.0 


100.0 


1949 


1,524 


709 


305 


254 


132 


99 


3,023 


139 


97.3 


103.3 


94.2 


1950 


2,051 


473 


200 


199 


154 


80 


3,157 


163 


101.4 


108.3 


93.6 


1951 


2,334 


636 


266 


364 


217 


146 


3,963 


150 


127.3 


123.0 


103.5 


1952 


2,349 


751 


291 


468 


281 


216 


4,356 


150 


139.9 


121.8 


114.9 


1953 


2,463 


669 


252 


367 


207 


216 


4,173 


144 


133.9 


118.3 


113.2 


12 Mths. end'g 
Feb. 1954 


2,426 


667 


236 


369 


200 


219 


4,117 


134 








Monthly 

1953-Mar. 


206.4 


38.8 


18.4 


17.9 


17.7 


13.8 


313.0 


15.6 


120.1 


119.4 


100.6 


Apr. 


192.3 


45.3 


18.0 


21.8 


17.0 


10.4 


304.8 


11.7 


117.5 


119.5 


98.3 


May 


224.2 


68.5 


24.0 


38.5 


15.5 


14.3 


385.0 


12.0 


148.4 


118.9 


124.8 


June 


218.2 


77.3 


27.7 


52.0 


21.4 


19.4 


416.0 


13.7 


160.6 


119.2 


134.7 


July 


212.7 


81.3 


24.7 


43.8 


17.0 


18.8 


398.3 


9.3 


153.4 


118.7 


129.2 


Aug. 


199.9 


67.2 


19.4 


26.7 


12.1 


21.6 


346.9 


10.7 


133.7 


118.8 


112.5 


Sept. 


211.4 


45.0 


25.7 


24.1 


18.2 


19.4 


343.8 


10.4 


132.0 


118.4 


111.5 


Oct. 


201.9 


55.8 


16.3 


33.4 


19.1 


21.3 


347.8 


9.9 


134.0 


118.4 


113.2 


Nov. 


204.0 


56.1 


19.7 


35.1 


21.0 


19.3 


355.2 


9.1 


136.9 


117.1 


116.9 


Dec. 


223.5 


47.7 


17.0 


31.7 


15.5 


25.5 


360.9 


9.8 


138.8 


116.7 


118.9 


1954-Jan. 


160.1 


38.1 


12.5 


22.8 


11.8 


20.1 


265.4 


11.5 


101.7 


116.1 


87.6 


Feb. 


171.9 


44.9 


12.5 


21.1 


14.2 


15.2 


279.8 


10.2 


105.4 


116.5 


90.5 


Mar.* 


205.2 


52.8 










321.2 


12.8 











TOTAL IMPORTS (EXCLUDING GOLD) FROM 






Excess of 


IMPORT INDEXES s 


















Merchandise 




1948 = 100 










Other 


Western 


Central 




Total 


Exports 

OVER 


















U.S.A. 


U.K. 


Sterling 


Europe & 


and 


All 


All 


Merchandise 


Total 




Physical 








Area 
3 


Colonies 
4 


South 
America 


Other 


Countries 


Imports 


Value 


Price 


Volume 


Calendar Years 
























1926 


669 


165 


47 


71 


33 


23 


1,008 


269 


38.1 


68.9 


55.3 


1929 


894 


195 


59 


90 


33 


28 


1,299 


-121 


49.1 


63.0 


77.9 


1933 


217 


98 


34 


32 


10 


10 


401 


134 


15.1 


43.7 


34.6 


1937 


491 


147 


87 


43 


21 


20 


809 


236 


30.6 


50.8 


60.2 


1947 


1,975 


189 


158 


64 


159 


29 


2,574 


238 


97.6 


88.0 


110.9 


1948 


1,806 


300 


194 


77 


223 


37 


2,637 


473 


100.0 


100.0 


100.0 


1949 


1,952 


307 


187 


83 


193 


39 


2,761 


261 


104.7 


102.6 


102.0 


1950 


2,131 


404 


242 


114 


215 


68 


3,174 


-17 


120.4 


110.3 


109.2 


1951 


2,813 


421 


309 


181 


275 


86 


4,085 


-122 


154.8 


126.2 


122.7 


1952 


2,977 


360 


186 


157 


285 


66 


4,031 


326 


152.3 


110.3 


138.1 


1953 


3,221 


453 


173 


179 


291 


66 


4,383 


-210 


165.2 


109.6 


150.8 


12 Mths. end'g 
























Feb. 1954 


3,151 


453 


174 


181 


294 


65 


4,318 


-201 








Monthly 
























1953-Feb. 


241.0 


27.2 


8.9 


8.9 


20.9 


3.1 


310.0 


-30.4 


140.5 


108.1 


130.0 


Mar. 


272.8 


37.6 


11.0 


11.9 


22.1 


4.7 


360.1 


-47.1 


163.4 


109.0 


149.9 


Apr. 


297.3 


37.9 


12.6 


17.3 


22.8 


3.9 


391.8 


-87.0 


177.9 


109.1 


163.1 


May 


312.3 


43.5 


17.6 


15.4 


27.7 


4.1 


420.6 


-35.6 


190.5 


109.4 


174.1 


June 


299.8 


42.8 


17.1 


17.0 


23.3 


6.3 


406.3 


9.7 


184.2 


110.2 


167.2 


July 


286.5 


47.1 


17.6 


16.0 


31.2 


6.7 


405.4 


-7.1 


182.6 


109.5 


166.8 


Aug. 


244.7 


38.4 


14.7 


15.1 


26.5 


5.8 


345.2 


1.7 


156.2 


109.9 


142.1 


Sept. 


268.0 


34.3 


16.9 


16.0 


25.3 


7.0 


367.5 


-23.7 


165.7 


110.8 


149.5 


Oct. 


258.3 


36.8 


18.5 


17.1 


22.2 


5.4 


358.3 


-10.5 


161.6 


110.5 


146.2 


Nov. 


244.5 


38.9 


17.1 


20.3 


24.9 


5.7 


351.4 


3.8 


159.5 


110.0 


145.0 


Dec. 


246.8 


38.3 


10.5 


14.2 


22.6 


6.0 


338.4 


22.5 


153.1 


110.1 


139.1 


1954-Jan. 


202.8 


28.3 


9.1 


11.2 


23.8 


5.0 


280.2 


-16.5 


127.2 


109.4 


116.3 


Feb. 


217.5f 


29.0f 


10.5 


9.9 


21.7 


4.0 


292.6f 


-12.8f 








Mar.* 


271.2 


30.8 










353.4 


-32.2 









1. Commencing April 1, 1949, external trade of Newfoundland is included 
and Canadian trade with Newfoundland, formerly in the "All Other" 
category, disappears. 

2. Includes exports of foreign produce. Prior to 1947 wheat exports are based 
on Board of Grain Commissioners' data rather than Customs' clearances. 
Excludes defence equipment transferred by Canada to North Atlantic 
Treaty countries which in 1950. 1951, 1952 and 1953 amounted to 56.8, 
109.1, 100.9 and 182.0* respectively. 

3. Consists of U.K. Dependencies, Union of South Africa, Eire, India, 



Pakistan, Burma, Australia, New Zealand, Iceland, Jordan, Libya, Ceylon 
and Iraq. 

4. Excludes Spain, but includes Greece and Turkey. 

5. Excludes exports of foreign produce. Price indexes are based largely on 
unit values derived from the Customs' entries. Price indexes prior to 
1948 are converted from 1935-39= 100. 

* Preliminary, 
t Revised. 



79 



APRIL 1954 



MERCHANDISE EXPORTS : COMMODITY CLASSIFICATION BY VOLUME 1 

Compiled from "Trade of Canada — Exports" , Dominion Bureau of Statistics 





Wheat 

2 


Wheat 
Flour 


Oats, 

Barley, 

Rye 


Live 
Cattle 


Beef 


Bacon 

and 

Hams 


Cheese 


Milk 
(powdered 
condensed 
evapo- 
rated) 


Fish 
(fresh 

and 
frozen) 


Fish 

(canned 

and salted 

etc.) 


Planks 

and 
Boards 


Pulpwood 




mm. bus. 


mm. bbls. 


mm. bus. 


Thous. 


Thous. cwt. 


mm. lbs. 


mm. lbs. 


mm. lbs. 


mm. lbs. 


mm. lbs. 


mm. bd.ft. 


Thous. cords 


Calendar Years 


























1929 


211 


10 


27 


254 


301 


29 


93 


32 


122 


295 


1,755 


1,295 


1932 


228 


5 


34 


33 


41 


36 


87 


25 


84 


174 


674 


529 


1937 


106 


4 


17 


322 


161 


196 


89 


33 


140 


184 


1,858 


1,543 


1947 


160 


18 


23 


83 


426 


236 


56 


80 


203 


271 


2,726 


1,883 


1948 


136 


12 


54 


371 


1,228 


205 


40 


90 


212 


221 


2,460 


2,188 


1949 


210 


10 


52 


421 


1,002 


67 


53 


72 


205 


251 


2,181 


1,503 


1950 


163 


10 


41 


459 


840 


79 


63 


56 


267 


284 


3,575 


1,612 


1951 


237 


12 


110 


239 


934 


6 


31 


41 


253 


286 


3,436 


2,676 


1952 


336 


13 


193 


15 


668 


4 


2 


69 


279 


263 


3,329 


2,329 


1953 


290 


11 


207 


70 


255 


7 


16 


57 


270 


252 


3,370 


1,623 


12-mth» ending 


























Feb. 1954 


282 


11 


209 


79 


325 


8 


16 


57 


265 


251 


3,323 


1,646 


Monthly 
1953-Jan. 


19.8t 


.8 


6.0 


.1 


21.5 


.3 


.1 


3.5 


16.9 


21.3 


231.1 


138.3 


Feb. 


15.3| 


.7 


4.1 


- 


12.8 


.3 


.8 


1.8 


19.4 


25.7 


220.0 


130.2 


Mar. 


11.2 


1.0 


3.7 


5.0 


42.3 


.6 


1.7t 


3.7 


19.2 


24.4 


301.2 


137.1 


Apr. 


15.4 


1.0 


9.9 


6.1 


8.7 


.7 


3.5| 


2.6 


12.0 


14.7 


308.0 


56.1 


May 


31.2 


1.1 


20.4 


8.8 


13.4 


.7 


.1 


4.4 


16.2 


26.7 


264.0 


77.4 


June 


45.9t 


1.3 


18.6 


7.9 


7.0 


.8 


.2 


4.0 


20.4 


21.0t 


313.7 


95.2 


July 


36.3 


1.1 


20.3 


9.5 


39.3 


.9 


.1 


4.7 


31.1 


18.3 


288.1 


163.7 


Aug. 


30.4 


.8 


19.5 


12.4 


30.8 


.5 


.1 


3.4 


33.1 


19.3 


315.5 


182.8 


Sept. 


19.4 


.7 


21.5 


6.9 


26.1 


.6 


.1 


5.6 


32.4 


20.5 


279.5 


197.5 


Oct. 


26.4 


.7 


21.8 


4.1 


16.9 


.4 


.1 


3.4 


30.2 


17.6 


314.1 


167.8 


Nov. 


19.6 


.9 


33.4 


5.0 


21.5 


.6 


6.3 


5.0 


20.6 


25.6 


263.2 


125.9 


Dec. 


19.3 


.9 


27.6 


3.6 


14.8 


.7 


3.3 


15.3 


18.6 


17.0 


271.2 


150.9 


1954-Jan. 


13.4 


.9 


6.2 


3.3 


13.2 


.5 


_ 


1.7 


15.2 


21.9 


184.6 


130.9 


Feb. 


14.0 


.7 


5.5 


6.4 


90.7 


.5 


.1 


2.8 


15.9 


24.5 


219.7 


161.1 





Wood 
Pulp 


News- 


Autos 
and 


Aluminum 

(unmanu- 


Copper 

(unmanu- 


Lead 
(unmanu- 


Zinc 
(unmanu- 


Nickel 
(unmanu 


Silver 
(unmanu- 


Asbestos 
(unmanu- 


Fertilizer 


New Gold 
Production 




print 


Trucks 


factured) 


factured) 


factured) 


factured) 


factured) 


factured) 


factured) 




for Export 




Thous. Ions 


Thous. tons 


Thous. 


Thous. tons 


Thous. tons 


Thous. lens 


Thous. tons 


Thous. tons 


Thous. 
fine oz. 


Thous. tons 


Thous. tons 


Thous. 
fine oz. 


Calendar Years 


























1929 


831 


2,515 


102 


38 


123 


122 


84 


55 


21,938 


292 


222 


1,872 


1932 


452 


1,777 


13 


10 


133 


109 


88 


16 


16,992 


112 


124 


3,013 


1937 


871 


3,455 


66 


50 


219 


185 


170 


111 


20,389 


391 


273 


4,128 


1947 


1,699 


4,221 


84 


228 


142 


132 


183 


117 


10,237 


637 


791 


2,851 


1948 


1,798 


4,328 


48 


333 


178 


109 


206 


132 


8,729 


690 


692 


3,423 


1949 


1,549 


4,705 


30 


397 


199 


135 


281 


127 


10,267 


535 


706 


3,866 


1950 


1,846 


4,938 


34 


353 


188 


136 


282 


122 


11,849 


830 


742 


4,283 


1951 


2,243 


5,112 


60 


375 


152 


127 


305 


131 


17,795 


942 


623 


4,080 


1952 


1,941 


5,327 


80 


441 


168 


159 


352 


142 


18,475 


902 


746 


4,310 


1953 


1,950 


5,375 


45 


491 


200 


165 


355 


145 


20,319 


879 


712 


4,167 


1 2-mths ending 


























Feb. 1954 


1,967 


5,325 


38 


489 


191 


156 


329 


143 


20,090 


859 


715 


3,890 


Monthly 
1953-Jan. 


158.2 


458.9 


3.9 


35.5 


16.1 


18.9 


40.7 


13.3 


2,148.7 


63.5 


67.6 


460.3 


Feb. 


127.4 


372.9 


4.8 


38.1 


20.6 


10.4 


27.6 


11.2 


1,347.3 


63.3 


71.3 


459.9 


Mar. 


149.1 


435.2 


4.0 


51.1 


14.7f 


18.8 


34.4 


12.3 


832.7 


74.1 


62.4 


451.3 


Apr. 


144.5 


384.8 


4.2 


30.3 


15.2 


17.6 


29.1 


12.4 


2,079.8 


70.0 


61.1 


334.0 


May 


164.4 


491. 2t 


3.8 


40.3 


20.9 


11.2 


35.6 


11.5 


2,031.3 


81.5 


69.6 


343.1 


June 


171.8 


434.1 


4.3 


48.0 


20.2 


16.5 


29.8 


12.4 


987.5 


83.7 


69.6 


393.5 


July 


170.4 


478.0 


3.7 


43. 5f 


20.2 


7.6 


31.1 


12.1 


2,169.1 


71.0 


49.9 


268.3 


Aug. 


165.5 


428.4 


2.4 


37.4 


11.8 


16.0 


23.0 


12.3 


1,229.8 


68.1 


45.5 


308.7 


Sept. 


165.5f 


491.2 


3.6 


45.2 


13.3 


10.6 


25.5 


11.3 


1,990.4 


73.3 


55.0 


302.5 


Oct. 


169.6 


443.4 


5.2 


32.3 


16.8 


14.0 


27.5 


11.7 


2,034.5 


77.4 


54.5 


288.7 


Nov. 


183.6 


413.6 


4.6 


45.1 


16.4 


10.6 


20.0 


13.3 


1,876.4 


71.8 


52.7 


267.5 


Dec. 


180.2 


543.4 


.8 


44.0 


13.5 


12.7 


31.0 


11.2 


1,592.0 


80.8 


52.4 


289.5 


1954-Jan. 


146.2 


375.4 


.7 


37.0 


15.4 


9.2 


23.4 


10.6 


1,662.7 


50.7 


54.0 


339.9 


Feb. 


156.7 


406.3 


.8 


34.3 


12.6 


10.9 


19.1 


12.3 


1,603.9 


56.6 


87.7 


302.8 



1. Includes foreign trade of Newfoundland as from April 1. 1949. Where quantity is shown in tons, a short ton of 2000 lbs. has been used. 

2. Prior to 1947, export figures are based on Board of Grain Commissioners' data rather than Customs' clearances. t Revised. 



APRIL 1954 



80 



MERCHANDISE IMPORTS : COMMODITY CLASSIFICATION BY VOLUME 1 

Compiled from "Trade of Canada — Imports", Dominion Bureau of Statistics 





















Cotton 


Cotton 


Wool 


Wool 

(yarns, 

fabrics 

and 

worsteds) 




Bananas 


Oranges 


Fresh 
Vegetables 


Sugar 


Coffee 


Tea 


Cocoa 


Distilled 
Beverages 


(raw and 
unmanu- 


(thread, 
yarns and 


(raw and 
unmanu- 




















factured) 


fabrics) 


factured) 




Thous. cwt. 


Thous. cu. ft. 


mm. lbs. 


Thous. cwt. 


mm. lbs. 


mm. lbs. 


mm. lbs. 


Thous. gals. 


mm. lbs. 


mm. lbs. 


mm. lbs. 


mm. lbs. 


Calendar Years 


























1929 


3,944 


* 


* 


9,510 


28 


39 


25 


2,526 


151 


* 


19 


* 


1932 


3,098 


4,341 


131 


8,684 


31 


40 


20 


929 


107 


18 


18 


9 


1937 


3,528 


5,023 


213 


9,297 


38 


40 


27 


1,309 


171 


28 


37 


14 


1947 


3,649 


10,654 


388 


10,143 


51 


47 


34 


2,527 


205 


84 


52 


16 


1948 


3,332 


9,589 


187 


12,439 


88 


36 


41 


2,378 


184 


49 


61 


17 


1949 


2,997 


8,336 


366 


12,446 


98 


43 


46 


2,632 


221 


52 


45 


15 


1950 


2,843 


8,467 


562 


12,782 


83 


55 


46 


2,257 


246 


42 


51 


13 


1951 


2,666 


9,902 


517 


10,926 


88 


42 


28 


3,099 


215 


50 


45 


12 


1952 


2,819 


11,024 


777 


11,864 


98 


46 


34 


3,995 


181 


51 


32 


12 


1953 


3,001 


12,146 


714 


11,389 


107 


46 


39 


3,868 


175 


57 


40 


16 


12-mths ending 


























Jan. 1954 


3,001 


12,154 


713 


11,837 


110 


46 


40 


3,731 


163 


55 


38 


16 


Monthly 


























1953- Jan. 


158.7 


762.9 


52. 9 f 


69.9 


8.5 


4.0 


1.7 


317.2 


20.4 


5.5f 


4.2 


1.6 


Feb. 


180.9 


1,042.5 


55.5 


407.9 


8.3 


3.1 


6.4 


226.4 


21.8 


6.1 


3.5 


1.3 


Mar. 


221.9 


1,106.8 


76.5 


442.8 


10.6 


6.0 


2.8 


363.8 


17.2 


6.0 


3.7 


1.4 


Apr. 


249.5 


1,016.9 


102.2f 


800.6 


9.6 


4.4 


3.3 


324.6 


16.4 


5.8f 


5.5 


1.5 


May 


312.5 


1,126.5 


127.0 f 


1,129.9 


8.9 


5.2 


7.3 


384.4 


15.1 


5.3 


5.8 


1.5 


June 


298.3 


1,089.7 


117.6f 


1,280.7 


6.2 


3.6 


4.2 


257.4 


11.6 


4.6 


4.1 


1.5 


July 


386.8 


1,048.8 


57.9 


1,121.0 


7.9 


2.6 


5.7 


222.7 


12.6 


3.9 


3.8 


1.8 


Aug. 


267.6 


777.2 


11.5 


1,311.5 


7.9 


3.0 


2.0 


217.3 


9.6 


3.6 


2.6 


1.4 


Sept. 


275.0 


862.6 


8.5 


1,451.6 


9.6 


2.6 


1.5 


329.9 


8.7 


4.2 


2.1 


1.0 


Oct. 


238.0 


698.1 


21.0 


1,629.8 


8.7 


4.2 


1.3 


356.5 


10.3 


3.9 


1.6 


1.2 


Nov. 


209.1 


808.8 


31.1 


1,218.2 


9.6 


4.6 


1.5 


481.0 


16.0 


3.9 


1.7 


1.1 


Dec. 


202.6 


1,804.8 


52.3 


524.7 


11.8 


2.7 


1.5 


386.6 


14.8 


3.9 


1.7 


1.1 


1954-Jan. 


158.8 


770.7 


51.4 


518.9 


10.7 


4.1 


2.9 


180.2 


8.7 


3.9 


1.6 


1.2 





Crude 
Rubber 


Iron 
Ore 


Pigs, 

Ingots, 

Blooms 

& Billets 


Bars, 

Rods 

and Rails 


Sheets 

and 

Plates 


Structural 
Iron 


Autos 

and 

Trucks 


Bauxite 
Ore 


Tin 


Coal 


Crude 
Petroleum 


Gasoline, 
Kerosene 

and 
Fuel Oils 




mm. lbs. 


Thous. Ions 


Thous. Ions 


Thous. Ions 


Thous. tons 


Thous. tons 


Thous. 


Thous. tons 


Thous. cwl. 


mm. tons 


mm. gals. 


mm. gals. 


Calendar Years 


























1929 


80 


2,448 


86 


257 


653 


381 


45 


145 


57 


18 


1,067 


275 


1932 


47 


68 


11 


28 


255 


31 


1 


52 


31 


12 


910 


193 


1937 


81 


2,125 


20 


60 


491 


76 


20 


304 


59 


15 


1,362 


126 


1947 


77 


3,945 


21 


120 


483 


235 


43 


1,400 


89 


29 


2,418 


764 


1948 


96 


4,300 


62 


110 


460 


218 


21 


2,015 


81 


31 


2,717 


748 


1949 


90 


2,517 


84 


118 


601 


221 


39 


1,794 


82 


22 


2,649 


584 


1950 


104 


3,071 


60 


98 


551 


189 


89 


1,862 


108 


27 


2,805 


832 


1951 


108 


3,831 


148 


197 


757 


382 


48 


2,402 


137 


27 


2,949 


911 


1952 


81 


4,268 


156 


179 


673 


339 


39 


2,455 


88 


25 


2,897 


1,043 


1953 


93 


4,168 


57 


117 


585 


310 


58 


2,689 


83 


23 


2,857 


1,059 


12'mths ending 


























Jan. 1954 


90 


4,163 


50 


110 


582 


326 


58 


2,681 


80 


23 


2,843 


1,045 


Monthly 


























1953-Jan. 


8.3 


16.6 


8.3f 


13.1 


47.1 


19.8 


2.8 


28.5 


5.0 


1.2 


263.9 


71.4 


Feb. 


7.6 


11.0 


4.8 


7.9 


45.2 


19.2 


2.9 


14.3 


2.7 


1.6 


233.5 


51.6 


Mar. 


6.2 


2.2 


8.7f 


9.6 


47.5 


19.9 


6.2 


19.4 


8.2 


1.4 


251.9 


48.9 


Apr. 


7.1 


12.1 


10.4 


10.4 


55.8 


23.4 


8.9 


17.4 


16.0 


1.6 


228.4 


49.8 


May 


8.6 


460.1 


3.5 


9.3 


56.1 


25 A 


9.6 


364.1 


4.3 


2.3 


225.1 


91.2 


June 


7.5 


685.4 


5.1 


9.0 


49.9 


28.9 


8.9 


337.5 


10.7 


2.5 


267.2 


88.1 


July 


7.1 


775.6 


6.1 


12.4 


45.0 


30.2 


6.8 


393.5 


5.5 


2.5 


283.2 


106.8 


Aug. 


7.8 


864.4 


1.2 


8.6 


38.6 


29.2 


4.4 


360.3 


7.3 


2.2 


230.5 1 


91.9 


Sept. 


8.5 


667.7 


3.4 


10.0 


40.4 


25.7 


2.6 


368.3 


4.0 


2.3 


237.7f 


106.3 


Oct. 


8.8 


440.3 


.9 


10.1 


50.2 


28.5 


1.9 


309.5 


8.9 


2.3 


223.9 


107.7 


Nov. 


7.4 


217.2 


.8 


8.8 


61.1 


32.0 


1.6 


334.5 


9.7 


2.2 


209.1 


125.5 


Dec. 


8.5 


14.9 


3.8 


7.9 


48.2 


27.5 


1.7 


141.5 


.6 


1.3 


202.7 


119.7 


1954-Jan. 


5.2 


12.2 


1.1 


5.8 


43.9 


35.8 


2.3 


20.7 


2.6 


1.1 


249.8 


57.7 



1. Includes imports from Newfoundland until March 31, 1949 and imports into Newfoundland from other countries thereafter, 
tons, a short ton of 2000 lbs. has been used. * Not available. t Revised. 



Where quantity is shown in 



CUMULATIVE TABLE OF CONTENTS 
1954 

See Statistical Summary Indexes, published annually, for details of previous years 

Page Number 

Monthly Tables ^feS! 

Bank of Canada: Liabilities and Assets 63-64 

Chartered Banks: Liabilities and Assets 63-64 

General Public Holdings of Certain Liquid Assets: Currency, 

Bank Deposits and Government of Canada Securities . . 65-66 

Government Bond Yields and Treasury Bill Rates 69 

Foreign Exchange Rates 70 

Official Holdings of Gold and U.S. Dollars 70 

Price Indexes 72 

Employment and Labour Income 73 

Labour Force Status of the Population 74 

Volume of Industrial Production 75 

U.S.A. Economic Statistics 77 

External Trade and Trade Indexes 78 

Quarterly Tables 

Chartered Banks: Estimated Quarterly Classification 

of Loans in Canada 68 

General Public Holdings of Certain Liquid Assets: Approximate 
Division between Non-Resident, Resident Corporate and 

Resident Non-Corporate Holdings . 23-24 

Bond Issues and Retirements 71 

Canadian Gold Statistics 72 

Government Bond Yields: Canada, U.S.A. and U.K 41 

Consumer Credit Outstanding 44 

National Accounts: Quarterly 52-53 

Selected Agricultural Statistics: Quarterly 55-56 

International Securities Transactions: Quarterly 57 

Canadian Balance of International Payments: Quarterly . . 58 

Merchandise Exports: Commodity Classification by Volume . 79 

Merchandise Exports: Commodity Classification by Value . . 61-62 

Merchandise Imports: Commodity Classification by Volume 80 

Merchandise Imports: Commodity Classification by Value . . 35-36 

Other Tables 

Bonds Outstanding 9 

Estimates of Labour Income 14 

National Accounts: Yearly 27 

Capital Expenditures on New Construction, Machinery and 

Equipment 29 

Mineral Production 31 

Domestic Exports: Commodity Classification by Destination . 33 

Selected Housing Statistics 48 

Public Finance: Government of Canada 49-50 

New Passenger Automobile Statistics 57 

Railways: Operating Statistics 74 

Newsprint: North America 76 

Canadian Wheat: Statistical Position 77 



BANK OF CANADA 



STATISTICAL SUMMARY 

A Cumulative Table of Contents for 1954 appears on the back cover 

TABLES 

Bank of Canada: Liabilities and Assets 81-82 

Chartered Banks: Liabilities and Assets 81-82 

General Public Holdings of Certain Liquid Assets: 

A — Currency, Bank Deposits and Government of Canada 

Securities 83-84 

B — Approximate Division Between Non-Resident, Resident 

Corporate and Resident Non-Corporate Holdings . . 85-86 

Government Bond Yields and Treasury Bill Rates 86 

Foreign Exchange Rates 87 

Official Holdings of Gold and U.S. Dollars 87 

Price Indexes 88 

Population Statistics 88 

Labour Force Status of the Population 89 

Profit Statistics of 480 Companies: 1947-1953 90 

Selected Petroleum Statistics 91-92 

Volume of Industrial Production 93 

Employment and Labour Income 94 

U.S.A. Economic Statistics 95 

External Trade and Trade Indexes 96 

Merchandise Imports: Commodity Classification by Value . . 97-98 




CHARTS 

Chartered Banks: Current Loans to the Public in Canada . . 85 

United States Dollar in Canadian Funds 87 

Petroleum in Canada 93 

Selected Employment Indexes 94 

Value of Selected Canadian Exports 95 



Tables and Charts may be reproduced or referred to provided that the Bank of Canada 
Statistical Summary, with its date, is specifically quoted as the source. Subscription: 25c per 
copy, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa. 



MAY 1954 




81 
















MAY 1954 


MAY 1954 


















82 


















BANK OF 


CANADA 


















































Millions of Dollars 




LIABILITIES 


ASSETS 






Chartered Bank Cash 


Govt, of 
Canada 
Deposits 




Foreign 

Currency 

Deposits 

1 


Active 

B. of C. 

Note 

Circulation 


All 


Total 

Liabilities 

or 

Assets 






Foreign 

Exchange 

1 


Securities 




All 

Other 

Accounts 






Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


Other 
Deposits 


Other 
Accounts 


Gold 


Silver 


Govt, of Canada 
and Provincial 


Ind. Dev. 

Bank 
Cap. Stock 


Other 
Securities 


Total 


Advances 






Under 2 yrs. 


Over 2 yrs. 




As at Dec. 31 ' 

1935 
1937 


40.6 


181.6 


222.2 


17.9 


.8 


_ 


59.1 


7.7 


307.7 


180.5 


1.6 


4.2 


30.9 


83.4 






114.3 


3.5 


3.5 


As at Dec. 31 
1935 


53.9 


196.0 


249.9 


11.1 


3.5 


- 


111.4 


14.4 


390.3 


179.8 


3.0 


14.9 


82.3 


91.6 


- 


12.2 


186.1 




6.5 


1937 


1939 


70.6 


217.0 


287.6 


46.3 


17.9 


- 


162.2 


13.3 


527.2 


225.7 


~ 


64.3 


181.9 


49.9 


- 


- 


231.8 


- 


5.5 


1939 


1946 


176.9 


565.5 


742.3 


60.5 


93.8 


1.0 


1,009.3 


41.7 


1,948.6 




- 


1.0 


1,197.4 


708.2 


15.0 


_ 


1,920.6 


_ 


27.1 


1946 


1947 


183.9 


536.2 


720.1 


68.8 


67.5 


2.0 


1,027.5 


40.4 


1,926.2 


- 


- 


2.0 


1,022.0 


858.5 


25.0 


- 


1,905.6 


_ 


18.7 


1947 


1948 


190.8 


547.3 


738.1 


98.1 


81.0 


.4 


1,098.3 


42.7 


2,058.6 


- 


- 


.5 


1,233.7 


779.1 


25.0 


- 


2,037.7 


_ 


20.4 


1948 


1949 


211.8 


541.7 


753.5 


30.7 


126.9 


79.6 


1,095.6 


39.5 


2,125.9 


- 


- 


74.2 


1,781.4 


227.8 


25.0 


5.5 


2,039.7 


_ 


12.0 


1949 


1950 


231.3 


578.6 


809.9 


24.7 


207.1 


133.6 


1,136.1 


39.0 


2,350.3 


- 


- 


111.7 


1,229.3 


712.5 


25.0 


247.9 


2,214.7 


- 


24.0 


1950 


1951 


273.1 


619.0 


892.1 


94.9 


66.1 


155.6 


1,191.1 


44.4 


2,444.1 


- 


- 


117.9 


1,141.8 


1,049.3 


25.0 


89.0 


2,305.1 


_ 


21.0 


1951 


1952 


272.5 


626.6 


899.1 


16.2 


44.5 


82.9 


1,288.7 


50.0 


2,381.4 


- 


- 


77.2 


1,459.8 


767.2 


25.0 


13.0 


2,265.0 


- 


39.2 


1952 


1953 


263.8 


623.9 


887.7 


51.5 


29.5 


63.8 


1,335.3 


69.3 


2,437.2 


_ 


- 


55.1 


1,376.6 


893.7 


25.0 


23.4 


2,318.6 


- 


63.5 


1953 


End of 
1953— Feb. 


191.5 


668.0 


859.5 


88.6 


51.4 


77.4 


1,281.3 


31.8 


2,390.1 


- 


- 


72.1 


1,411.9 


817.5 


25.0 


14.2 


2,268.6 


_ 


49.5 


End of 
Feb.— 1953 


Mar. 


232.3 


601.1 


833.4 


60.6 


66.5 


71.0 


1,261.1 


34.1 


2,326.7 


- 


- 


65.7 


1,371.0 


810.9 


25.0 


14.5 


2,221.3 


- 


39.8 


Mar. 


Apr. 


232.7 


646.7 


879.3 


48.3 


76.8 


73.4 


1,272.1 


37.2 


2,387.2 


- 


- 


68.1 


1,436.6 


796.0 


25.0 


15.0 


2,272.7 


- 


46.4 


Apr. 


May 


210.4 


594.9 ' 


805.4 


45.6 


72.1 


64.8 


1,307.5 


50.1 


2,345.4 


- 


- 


59.4 


1,364.8 


821.4 


25.0 


15.5 


2,226.7 


- 


59.3 


May 


June 


239.0 


647.6 


886.7 


47.9 


82.6 


72.0 


1,290.0 


44.9 


2,424.2 


- 


- 


66.5 


1,405.5 


852.0 


25.0 


15.5 


2,298.1 


- 


59.5 


June 


July 


214.2 


646.6 


860.8 


43.8 


68.7 


80.9 


1,333.0 


65.4 


2,452.6 


- 


- 


75.0 


1,451.6 


838.5 


25.0 


15.7 


2,330.8 


- 


46.7 


July 


Aug. 


247.7 


617.8 


865.5 


66.4 


35.2 


73.3 


1,302.0 


53.1 


2,395.4 


- 


- 


67.5 


1,414.0 


830.9 


25.0 


15.8 


2,285.8 


- 


42.1 


Aug. 


Sept. 


262.0 


616.9 


878.9 


15.4 


37.8 


74.9 


1,290.5 


63.0 


2,360.5 


- ■ 


- 


69.1 


1,385.7 


824.9 


25.0 


16.1 


2,251.7 


- 


39.8 


Sept. 


Oct. 


211.2 


733.6 


944.8 


3.8 


37.2 


76.0 


1,344.7 


64.8 


2,471.3 


— 


- 


70.7 


1,469.9 


812.1 


25.0 


36.4 


2,343.5 


- 


57.1 


Oct. 


Nov. 


256.2 


625.6 


881.8 


50.3 


43.4 


67.2 


1,303.1 


78.5 


2,424.3 


- 


- 


61.4 


1,378.6 


894.9 


25.0 


17.1 


2,315.5 


1.5 


45.9 


Nov. 


Dec. 2 


263.8 


623.9 


887.7 


51.5 


29.5 


63.8 


1,335.3 


69.3 


2,437.2 


- 


- 


55.1 


1,376.6 


893.7 


25.0 


23.4 


2,318.6 


- 


63.5 


Dec. 


1954— Jan. 


225.8 


634.4 


860.2 


48.8 


29.5 


71.3 


1,293.4 


70.3 


2,373.5 


_ 


_ 


61.7 


1,328.3 


880.6 


25.0 


23.4 


2,257.2 


10.0 


44.6 


Jan.— 1954 


Feb. 


201.6 


676.6 


878.2 


126.1 


34.4 


62.7 


1,304.6 


39.3 


2,445.3 


— 


— 


53.2 


1,374.8 


900.8 


25.0 


23.4 


2,324.0 


10.0 


58.1 


Feb. 


Mar. 


242.9 


660.0 


902.9 


81.8 


28.9 


60.8 


1,269.7 


41.2 


2,385.3 


- 


- 


50.1 


1,552.8 


636.3 


25.0 


22.9 


2,237.0 


- 


98.2 


Mar. 


Apr. 


211.0 


661.7 


872.8 


86.0 


27.3 


68.4 


1,324.7 


52.2 


2,431.3 


" 


~ 


58.6 


1,703.8 


568.0 


25.0 


23.0 


2,319.8 


.4 


52.5 


Apr. 






. _i;„ ntQ , n 
















. f 






. . „„j int 


n . ,. 




. , ,, , 


, lf ~ 












1. Includes foreign exchange items for foreign clients and also the Government of Canada and, commencing March 31, 1949, the Exchange Fund Account 
minimum gold reserves requirement has been in suspense. 



2. Before the transfer of Bank of Canada profits for the year ending December 31 from "All Other Accounts" to "Government of Canada Deposits". 



Millions of Dollars 



CHARTERED BANKS 

Bank of Canada 



As at Dec. 31 
1926 
1929 
1933 
1937 
1947 
1949 
1950 
1951 
1952 
1953 
End of 
1953— Feb. 

Mar. 

Apr. 

May 

June 

July 

Aug. 

Sept. 

Oct. 

Nov. 

Dec. 

1954— Jan. 

Feb. 
Mar. 
Apr. 



LIABILITIES 



Notes 



175 

175 

132 

102 

18 

14 

-6 



Deposits 



Public 
Demand 



609 

729 

502 

699 

2,296 

2,426 

2,770 

2,963 

3,242 

3,180 

2,949 
2,936 
3,115 
3,040 
3,143 
'3,049 
3,139 
3,150 
3,152 
3,150 
3,180 

2,957 
2,900 
3,006 
2",974 



Notice 



Govt, of 

Canada 

and Prov. 



1,373 
1,434 
1,357 
1,583 
3,740 
4,433 
4,558 
4,612 
4,924 
5,034 

5,008 
5,067 
5,107 
5,100 
5,126 
5,152 
5,206 
5,226 
5,148 
5,068 
5,034 

5,093 
5,162 
5,245 
5,312 



Canadian 

Deposits 

1 



31 
92 

61 
53 
376 
367 
500 
322 
255 
667 

352 
455 
419 
346 
365 
295 
306 
316 
444 
701 
667 

722 

781 
529 
423 



2,025 
2,270 
1,933 
2,387 
6,473 
7,348 
7,997 
8,088 
8,623 
9,122 

8,471 
8,618 
8,827 
8,681 
8,852 
8,694 
8,815 
8,884 
8,952 
9,142 
9,122 



9,033 
8,994 
8,885 



Foreign 



Total 
Deposits 



334 
442 
322 
409 
824 
730 
735 
795 
865 
938 

876 
886 
915 
908 
904 
886 
872 
879 
883 
900 



952 
923 
942 
972 



2,410 
2,820 
2,294 
2,819 
7,406 
8,177 
8,867 
9,003 
9,570 
10,140 

9,437 
9,586 
9,815 
9,656 
9,822 
9,640 
9,755 
9,834 
9,919 
10,130 
10,140 

10,004 
10,037 
10,023 
9,954 



ASSETS 



Cash 

in 

Canada 



228 
228 
196 
250 
720 
753 
810 
892 



833 
879 
805 
887 
861 
865 
879 
945 
882 



878 
903 
873 



Securities 



Govt, of 
Canada 



Prov- 
incial 



304 

297 

651 

1,111 

3,116 

3,112 

3,079 

2,754 

2,784 

2,760 

2,940 
3,024 
3,038 
2,915 
2,854 
2,787 
2,813 
2,843 
2,726 
2,730 
2,760 

2,853 
2,851 
2,776 
2,772 



445 
416 
355 
379 
334 

322 
308 
309 
320 
310 
297 
299 
301 
319 
329 
334 

312 
289 
264 
261 



Foreign 
Govt. 



Other 



Total 



59 
271 
242 
193 
200 
255 
236 

250 
236 
248 
252 
254 
257 
243 
251 
228 
223 
236 

276 
239 
235 
253 



180 
151 
210 



242 
487 
545 
599 
567 
537 
501 

529 
514 
540 
537 
537 
532 
531 
522 
517 
506 
501 

504 
506 
500 
494 



484 
448 
861 
1,411 
3,874 
4,345 
4,286 
3,876 
3,955 
3,831 

4,042 
4,082 
4,135 
4,024 
3,956 
3,872 
3,886 
3,918 
3,789 
3,789 
3,831 

3,944 
3,885 
3,775 
3,780 



Loans 



151 
262 
106 
76 
105 
133 
134 
107 
155 
154 

141 
140 
152 
138 
123 
125 
135 
110 
144 
152 
154 

143 
197 

167 
144 



970 
1,403 
898 
749 
1,921 
2,174 
2,651 
2,901 
3,188 
3,790 

3,181 
3,262 
3,372 
3,402 
3,469 
3,543 
3,621 
3,648 
3,718 
3,856 
3,790 

3,814 
3,825 
3,756 
3,776 



Current 
Other 



85 
122 
138 
113 
78 
97 
125 
127 
101- 
107 

120 
132 
136 
124 
107 
106 
111 
124 
120 
120 
107 

115 
127 
143 
149 



273 

245 

90 

60 

56 

70 

100 

131 

170 

272 

186 
147 
178 
168 
179 
177 
195 
173 
208 
254 
272 

245 
248 
267 
265 



270 
251 
138 
166 
234 
211 
247 
278 
264 
268 

265 
274 
270 
273 
270 
254 
251 
251 
259 
260 
268 

275 
271 
271 
276 



Total 

Assets 



2,940 
3,521 
2,816 
3,281 
7,974 
8,718 
9,496 
9,610 
10,157 
10,722 

10,034 
10,182 
10,416 
10,242 
10,398 
10,210 
10,318 
10,398 
10,506 
10,720 
10,722 

10,604 
10,634 
10,611 
10,547 



Millions of Dollars 



DAILY AVERAGE DATA 




Cash 


Canadian 


Percent 
of Cash to 


Total 

Active 

Note 

Circulation 

5 




Canada 
3 


Deposits 

4 


Canadian 
Deposits 












Aver, of Daily Figure. 


192 


1,958 


9.8 


195 


1926 


191 


2,293 


8.3 


205 


1929 


189 


1,941 


9.8 


157 


1933 


240 


2,357 


10.2 


200 


1937 


670 


6,209 


10.8 


1,013 


1947 


746 


7,178 


10.4 


1,087 


1949 


755 


7,487 


10.1 


1,085 


1950 


791 


7,759 


10.2 


1,132 


1951 


845 


8,110 


10.4 


1,207 


1952 


883 


8,624 


10.2 


1,275 


1953 


889 


8,296 


10.7 


1,232 


Feb.— 1963 


883 


8,407 


10.5 


1,245 


Mar. 


869 


8,618 


10.1 


1,257 


Apr. 


880 


8,699 


10.1 


1,269 


May 


865 


8,529 


10.1 


1,268 


June 


875 


8,685 


10.1 


1,286 


July 


874 


8,669 


10.1 


1,295 


Aug. 


878 


8,651 


10.1 


1,294 


Sept. 


889 


8,787 


10.1 


1,304 


Oct. 


892 


8,935 


10.0 


1,299 


Nov. 


896 


8,787 


10.2 


1,318 


Dec. 


917 


8,871 


10.3 


1,264 


Jan.— 1954 


894 


8,945 


10.0 


1,257 


Feb. 


902 


8,686 


10.4 


1,263 


Mar. 


871 


8,745 


10.0 


1,283 


Apr. 



liSSS^^ 



83 






















MAY 1954 


MAY 1954 




















84 
















GENERAL PUBLIC HOLDINGS 


OF CERTAIN LIQUID ASSETS* 




























A — Currency, Bank Deposits and 


GOVERNMENT OF CANADA SECURITIES 














Millions of Dollars 
















Bank of 


Canada 










Millions of Dollars 












I 


. CANADIAN DOLLAR CURRENCY AND BANK DEPOSITS HE 


LD BY THE GENERAL PUBLIC, AND RELATED BANK ASSETS 




Currency and Active Bank Deposits 


Inactive 

Chartered 

Bank 

Notice 

Deposits 


Total 

Currency 

and 

Bank 

Deposits 

Total 

Related 

Bank 

Assets 


Related Bank Assets 






Currency 
Outside Banks 


Active Bank Deposits i 


Total 

Currency 

and 

Active 

Bank 


Government of Canada debt 

held by Bank of Canada 

and Chartered Banks 


Other Related Bank Assets 3 






Chartered Banks 


Bank of 
Canada 
"Other" 


Total 


Chartered Bank Can. Loans 
and non-Govt. Securities 


Bk. of Can. 
Gold and 

Exchange 


Less: 

All 

Other 


Total 












Public 




Other 


Total 


Less: 


Net 








Less: Govt. 


Net 
Total 


Canadian 










Notes 


Coin 


Total 


Demand 


Notice 


Govt, of 
Canada 


Float 


Total 


Deposits 




Deposits 


2 


Total 


Deposits 
4 


Loans 
5 


Securities 
6 


Total 


holdings 
(net) 


(net) 
7 






as at Dec. 31 
1950 


1,136 


78 


1,214 


2,770 


697 


413 


3,880 


450 


3,430 


207 


3,637 


4,851 


3,861 


8,712 


5,021 


280 


4,741 


2,910 


1,015 


3,925 


226 


180 


3,971 


as at Dec. 31 
1950 


1951 


1,191 


84 


1,275 


2,963 


717 


449 


4,129 


627 


3,502 


66 


3,568 


4,843 


3,894 


8,737 


4,945 


160 


4,785 


3,136 


922 


4,057 


49 


154 


3,952 


1951 


1952 


1,289 


88 


1,377 


3,242 


796 


453 


4,491 


740 


3,751 


45 


3,796 


5,173 


' 4,129 


9,302 


5,011 


19 


4,992 


3,444 


916 


4,360 


2 


52 


4,310 


1952 


1953 


1,335 


94 


1,429 


3,180 


823 


434 


4,437 


762 


3,675 


30 


3,705 


5,134 


4,211 


9,345 


5,030 


526 


4,504 


4,051 


835 


4,886 


3 


48 


4,841 


1953 


End of 
1953— Feb. 


1,281 


88 


1,369 


2,949 


816 


363 


4,128 


547 


3,581 


51 


3,632 


5,001 


4,192 


9,193 


5,169 


239 


4,930 


3,442 


851 


4,293 


2 


32 


4,263 


Feb.-1953 




1,261 


88 


1,349 


2,936 


824 


450 


4,210 


585 


3,625 


67 


3,692 


5,041 


4,242 


9,283 


5,205 


225 


4,980 


3,534 


822 


4,356 


2 


55 


4,303 


Mar. 


Apr. 


1,272 


89 


1,361 


3,115 


831 


415 


4,361 


571 


3,790 


77 


3,867 


5,228 


4,276 


9,504 


5,271 


238 


5,033 


3,660 


849 


4,509 


2 


40 


4,471 


Apr. 


May 


1,307 


91 


1,398 


3,040 


832 


403 


4,275 


609 


3,666 


72 


3,738 


5,136 


4,268 


9,404 


5,101 


184 


4,917 


3,664 


857 


4,521 


2 


36 


4,487 


May 


June 


1,290 


88 


1,378 


3,143 


835 


497 


4,475 


722 


3,753 


83 


3,836 


5,214 


4,291 


9,505 


5,112 


134 


4,978 


3,699 


848 


4,547 


2 


22 


4,527 


June 


July 


1,333 


92 


1,425 


3,049 


839 


383 


4,271 


610 


3,661 


69 


3,730 


5,155 


4,313 


9,468 


5,077 


154 


4,923 


3,773 


828 


4,601 


2 


58 


4,545 


July 


Aug. 


1,302 


92 


1,394 


3,139 


851 


323 


4,313 


585 


3,728 


35 


3,763 


5,157 


4,355 


9,512 


5,058 


213 


4,845 


3,867 


829 


4,696 


2 


31 


4,667 


Aug. 


Sept. 


1,291 


92 


1,383 


3,150 


855 


432 


4,437 


622 


3,815 


38 


3,853 


5,236 


4,371 


9,607 


5,053 


92 


4,961 


3.882 


824 


4,706 


2 


62 


4,646 


Sept. 


Oct. 


1,345 


94 


1,439 


3,152 


844 


387 


4,383 


662 


3,721 


37 


3,758 


5,197 


4,304 


9,501 


5,008 


269 


4,739 


3,982 


835 


4,817 


22 


77 


4,762 


Oct. 


Nov. 


1,303 


94 


1,397 


3,150 


829 


362 


4,341 


757 


3,584 


43 


3,627 


5,024 


4,239 


9,263 


5,004 


613 


4,391 


4,129 


836 


4,965 


2 


95 


4,872 


Nov. 


Dec. 


1,335 


94 ■ 


1,429 


3,180 


823 


434 


4,437 


762 


3,675 


30 


3,705 


5,134 


4,211 


9,345 


5,030 


526 


4,504 


4,051 


835 


4,886 


3 


48 


4,841 


Dec. 


1954— Jan. 


1,293 


93 


1,386 


2,957 


832 


409 


4,198 


579 


3,619 


29 


3,648 


5,034 


4,261 


9,295 


5,061 


558 


4,503 


4,072 


815 


4,887 


2 


97 


4,792 


Jan.-1954 


Feb. 


1,305 


93 


1,398 


2,900 


845 


358 


4,103 


582 


3,521 


34 


3,555 


4,953 


4,317 


9,270 


5,127 


739 


4,388 


4,149 


795 


4,944 


2 


64 


4,882 


Feb. 


Mar. 


1,270 


89 


1,359 


3,006 


858 


512 


4,376 


666 


3,710 


29 


3,739 


5,098 


4,387 


9,485 


4,965 


313 


4,652 


4,066 


764 


4,830 


1 


2 


4,833 


Mar. 


Apr. 


1,325 


94 


1,419 


2,974 


868 


415 


4,257 


639 


3,618 


27 


3,645 


5,064 


4,444 


9,508 


5,044 


271 


4,773 


4,069 


755 


4,824 


3 


92 


4,735 


Apr. 



2. GOVERNMENT OF CANADA SECURITIES 



Outstanding 8 



Direct Funded Debt 



Unmatured 



Special 
Banking 
Issues 9 



1,500 
1,400 
1,400 
1,400 

1,500 
1,550 
1,600 
1,400 
1,400 
1,400 
1,400 
1,400 
1,400 
1,400 
1,400 

1,400 
1,400 
1,400 
1,400 



Other 

Market 
Issues 



12,586 
12,225 
12,020 
12,090 

12,080 
12,055 
12,055 
12,055 
12,055 
12,065 
12,075 
12,077 
12,092 
12,090 
12,090 

12,090 
12,090 
11,619 
11,619 



Non- 
market 
Debt 10 



1,218 
1,194 
1,250 
1,632 

1,225 
1,206 
1,190 
1,163 
1,143 
1,126 
1,109 
1,091 
1,167 
1,632 
1,632 

1,605 
1,585 
1,562 
1,539 



Total 



15,304 
14,819 
14,670 
15,122 

14,805 
14,811 
14,845 
14,618 
14,598 
14,591 
14,584 
14,568 
14,658 
15,122 
15,122 

15,095 
15,074 
14,582 
14,558 



Matured 

and 

out- 
standing 



51 
21 
19 

19 

18 
20 
19 
17 
17 
17 
18 
18 
19 
19 
19 

19 
20 
62 
51 



Total 



15,355 
14,840 
14,689 
15,141 

14,824 
14,831 
14,864 
14,635 
14,615 
14,608 
14,602 
14,586 
14,677 
15,141 
15,141 

15,114 
15,094 
14,644 
14,609 



Guar- 
anteed 

Un- 
matured 
Funded 
Debt 



Exchange 
rate ad- 
justment 

11 



577 
529 
528 
523 

528 
528 
528 
528 
528 
527 
527 
527 
527 
527 
523 

523 

673 
673 
673 



+2 
-27 
-43 
-37 



-38 
-36 
-34 
-33 
-35 
-35 
-38 
-37 
-38 
-37 

-38 
-40 
-35 
-31 



Total 

(including 
exchange 
rate adjust- 
ment) 



15,934 
15,342 
15,174 
15,627 

15,314 
15,321 
15,356 
15,129 
15,110 
15,099 
15,093 
15,075 
15,166 
15,630 
15,627 

15,599 
15,727 
15,282 
15,251 



■fa The term General Public refers to holdings of non-residents as well as 
residents; for an approximate division between resident and non-resident 
holdings on a quarterly basis and of resident holdings between corporate 
and non-corporate holdings as at year ends see pages 85-86. 

1. Total Canadian dollar deposits of the chartered banks and the Bank of 
Canada less: (a) Inactive chartered bank notice deposits which consist of 
the estimated aggregate minimum quarterly balances in chartered banks' 
personal savings deposits in Canada plus non-personal notice deposits in 
Canada; (b) Float, i.e. cheques on other banks as shown in chartered bank 



DlSTRIB UTION 12 



Bank 

of 

Canada 



1,942 
2,191 
2,227 
2,270 

2,229 
2,182 
2,233 
2,186 
2,258 
2,290 
2,245 
2,211 
2,282 
2,273 
2,270 

2,209 
2,276 
2,189 
2,272 



Chartered 
Banks 



Govern- 
ment 
Accounts 



3,079 
2,754 
2,784 
2,760 

2,940 
3,024 
3,038 
2,915 
2,854 
2,787 
2,813 
2,843 
2,726 
2,730 
2,760 

2,853 
2,851 
2,776 
2,772 



month-end returns to the Minister of Finance; (c) Canadian dollar deposits 
ot the Government of Canada at the chartered banks and the Bank of 
Canada (shown in "Related Bank Assets" section); (d) Canadian dollar 
deposits of the chartered banks at the Bank of Canada. 

2. See footnote 1 (a). 

3. Net assets of the chartered banks and Bank of Canada other than Govern- 
ment of Canada Securities. 

4. See footnote 1 (c). 

5. For estimated quarterly classification of Canadian loans see page 68. 

6. Provincial, Municipal and "Other" securities. 



847 
1,009 
1,101 

1,314 

1,096 

1,093 

1,090 

1,18316 

1,207 

1,220 

1,236 

1,251 

1,262 

1,271 

1,314 

1,304 
1,261 
1,151 
1,139 



General 
Public 



10,066 
9,388 
9,062 
9,283 

9,049 
9,022 
8,995 
8,845 
8,791 
8,802 
8,799 
8,770 
8,896 
9,356 
9,283 

9,233 
9,339 
9,166 
9,068 



3 


TOTAL OF CERTAIN LIQUID ASSETS HELD BY THE GENERAL PUBLIC. 








AND RELATED FACTORS 








LIQUID ASSETS 


Total 
Liquid 


Related Factors 

15 














Bank 

Assets 

other than 

Govt, of 

Canada 

Securities 

14 






Currency 

and 

Active 

Bank 

Deposits 


Inactive 


Govt, of Canada 


Assets 


Govt, of 




Char- 
tered 
Bank 




Securities 




Total 
Related 


Can. Debt 
less Govt. 
Deposits & 




Market . 


Non- 






Notice 
Deposits 


Issues 
13 


market 
10 


Total 


Factors 


holdings of 
Govt.Accts 




















as at Dec. 31 


4,851 


3,861 


8,848 


1,218 


10,066 


18,778 


3,971 


14,807 


1950 


4,843 


3,894 


8,194 


1,194 


9,388 


18,125 


3,952 


14,173 


1951 


5,173 


4,129 


7,812 


1,250 


9,062 


18,364 


4,310 


14,054 


1952 


5,134 


4,211 


7,651 


1,632 


9,283 


18,628 


4,841 


13,787 


1953 


5,001 


4,192 


7,824 


1,225 


9,049 


18,242 


4,263 


13,979 


Feb-1953 


5,041 


4,242 


7,816 


1,206 


9,022 


18,305 


4,303 


14,002 


Mar. 


5,228 


4,276 


7,805 


1,190 


8,995 


18,499 


4,471 


14,028 


Apr. 


5,136 


4,268 


7,682 


1,163 


8,845 


18,249 


4,487 


13,762 


May 


5,214 


4,291 


7,648 


1,143 


8,791 


18,296 


4,527 


13,769 


June 


5,155 


4,313 


7,676 


1,126 


8,802 


18,270 


4,545 


13,725 


July 


5,157 


4,355 


7,690 


1,109 


8,799 


18,311 


4,667 


13,644 


Aug. 


5,236 


4,371 


7,679 


1,091 


8,770 


18,377 


4,646 


13,732 


Sept. 


5,197 


4,304 


7,729 


1,167 


8,896 


18,397 


4,762 


13,635 


Oct. 


' 5,024 


4,239 


7,724 


1,632 


9,356 


18,619 


4,872 


13,747 


Nov. 


5,134 


4,211 


7,651 


1,632 


9,283 


18,628 


4,841 


13,787 


Dec. 


5,034 


4,261 


7,628 


1,605 


9,233 


18,528 


4,792 


13,736 


Jan.-1954 


4,953 


4,317 


7,754 


1,585 


9,339 


18,609 


4,882 


13,727 


Feb. 


5,098 


4,387 


7,604 


1,562 


9,166 


18,651 


4,833 


13,818 


Mar. 


5,064 


4,444 


7,529 


1,539 


9,068 


18,576 


4,735 


13,841 


Apr. 



7. Net of all related asset and liability items of the chartered banks and Bank 
of Canada which are not shown elsewhere in this table; includes foreign 
currency items and liabilities to shareholders. 

8. Net of sinking fund holdings (except as noted in footnote 16). 

9. Treasury Bills; Deposit Certificates and short-term notes issued directly 
to the Bank of Canada and chartered banks. 

10. Refundable Tax, War Savings Certificates and Canada Savings Bonds. 

11. Adjustment necessary to change value of foreign pay securities from £l = 
4.86| U.S. = 4.861 Cdn. to current rates of exchange. Official mid-rates of 
exchange have been used to September 30, 1950 and market rates thereafter. 

12. For detailed breakdown of distribution of Government of Canada debt as 
at year-ends see November 1953 Statistical Summary, pages 187-188. 



13. Including any special banking issues held by the general public. 

14. As shown in "Other Related Bank Assets". Section 1 above. 

15. The whole of the increase or decrease in Canada's foreign exchange 
reserves is embodied in the related factors. To the extent that such 
changes do not appear in Section 1, "Related Bank Assets", under the 
heading "Bank of Canada Gold and Exchange holdings (net)" they 
affect changes in Government of Canada Securities outstanding. 

16. Including 75 of bonds purchased in the New York market during May 1953 
which are held in a sinking fund account. 

Note:— ^Statistics for earlier years and further information with respect to 

details of compilation are available from the Research Department, 

Bank of Canada, on request. 



85 



Millions of Dollars 



MAY 1954 

GENERAL PUBLIC HOLDINGS 

B— approximate Division Between Non-Resident, Reside 

Bank of 



Total Currency and Active Bank Deposits 



Non- 
resident 



aa at Dec. 31 

1938 

1939 

1944 

1945 

1946 

1947 

1948 

1949 

1950 

1951 

1952" 

1953" 

Month-end 

1952— Mar. 

June 

Sept. 

Dec.** 

1953— Mar. 
June 
Sept. 
Dec.'" 



1954— Mar." 



159 
122 
149 
249 
221 
221 
255 
421 
235 
196 
197 

233 

235 
254 
196 

241 
263 
218 
197 

196 



Resident 



Corporate 



383 
463 
1,200 
1,257 
1,415 
1,346 
1,582 
1,608 
1,797 
1,877 
2,004 
1,920 



2,004 



1,920 



Non- 
corporate 



659 
748 
1,831 
2,108 
2,332 
2,377 
2,532 
2,559 
2,633 
2,731 
2,973 
3,017 



2,973 



3,017 



Total 



1,042 
1,211 
3,031 
3,365 
3,747 
3,723 
4,114 
4,167 
4,430 
4,608 
4,977 
4,937 

4,568 
4,635 
4,761 
4,977 

4,800 
4,951 
5,018 
4,937 

4,902 



Total 



1,131 
1,370 
3,153 
3,514 
3,996 
3,944 
4,335 
4,422 
4,851 
4,843 
5,173 
5,134 

4,801 
4,870 
5,015 
5,173 

5,041 
5,214 
5,236 
5,134 

5,098 



Inactive Chartered Bank Notice Deposits 



Non- 
resident 



120 
109 
121 
136 
147 
141 
124 
123 
147 
141 
112 
111 

143 
134 
119 
112 

113 
113 
104 
111 



Resident 



Corporate 



168 
175 
233 
211 
269 
267 
288 
331 
361 
296 
309 
262 



309 



262 



Non 
corporate 



1,184 
1,260 
1,706 
2,044 
2,440 
2,735 
2,996 
3,297 
3,353 
3,457 
3,708 
3,838 



3,708 



3,838 



Total 



1,352 
1,435 
1,939 
2,255 
2,709 
3,002 
3,284 
3,628 
3,714 
3,753 
4,017 
4,100 

3,835 
3,885 
3,995 
4,017 

4,129 
4,178 
4,267 
4,100 

4,289 



Total 



1,472 
1,544 
2,060 
2,391 
2,856 
3,143 
3,408 
3,751 
3,861 
3,894 
4,129 
4,211 

3,978 
4,019 
4,114 
4,129 

4,242 
4,291 
4,371 
4,211 

4,387 



Non- 
resident 



1,411 
1,398 
1,035 
1,144 
1,091 
1,053 
1,158 
1,240 
1,366 
1,168 
965 



1,126 

1,082 

1,017 

965 



851 
839 
842 

834 



Market 
Issues 



847 
919 
3,397 
3,863 
3,865 
3,576 
3,307 
3,233 
3,300 
3,133 
2,881 



2,881 



MAY 1954 

OF CERTAIN LIQUID ASSETS 1 
nt Corporate 2 and Resident Non-Corporate 3 holdings 

Canada 



Government of Canada Securities 



Resident 



Corporate 



Non- 
market 



184 
252 
258 
234 
170 
114 
24 



19 



Total 



847 
919 
3,457 
4,047 
4,117 
3,834 
3,541 
3,403 
3,414 
3,157 
2,881 



Non-corporate 



Market 
Issues 



970 
962 
4,239 
5,611 
5,017 
4,694 
4,374 
4,201 
4,182 
3,894 
3,966 



3,966 



Non- 
market 



400 
508 
985 
1,182 
1,176 
1,058 
1,104 
1,169 
1,250 
1,632 

1,121 
1,061 
1,011 
1,250 

1,206 
1,143 
1,091 
1,632 

1,562 



Total 



970 
962 
4,639 
6,119 
6,002 
5,876 
5,550 
5,259 
5,286 
5,063 
5,216 



5,216 



Total 



1,817 
1,881 
8,096 
10,166 
10,119 
9,710 
9,091 
8,662 
8,700 
8,220 
8,097 
8,441 

8,094 
8,008 
7,931 
8,097 

8,056 
7,940 
7,931 
8,441 

8,332 



Total 



3,228 

3,279 

9,131 

11,310 

11,210 

10,763 

10,249 

9,902 

10,066 

9,388 

9,062 

9,283 

9,220 
9,090 
8,948 
9,062 

9,022 
8,791 
8,770 
9,283 

9,166 



86 



Millions of Dollars 



Total 



Non- 
resident 



Corporate 



1,620 
1,666 
1,278 
1,429 
1,487 
1,415 
1,503 
1,618 
1,934 
1,544 
1,273 
1,150 

1,502 
1,451 
1,390 
1,273 

1,320 
1,227 
1,161 
1,150 

1,128 



Resident 



Non 
corporate 



1,398 
1,557 
4,890 
5,515 
5,801 
5,447 
5,411 
5,342 
5,572 
5,330 
5,194 



5,194 



2,813 
2,970 
8,176 
10,271 
10,774 
10,988 
11,078 
11,115 
11,272 
11,251 
11,897 



11,897 



Total 



4,211 
4,527 
13,066 
15,786 
16,575 
16,435 
16,489 
16,457 
16,844 
16,581 
17,091 
17,478 

16,497 
16,528 
16,687 
17,091 

16,985 
17,069 
17,216 
17,478 

17,523 



Total 



5,831 
6,193 
14,344 
17,215 
18,062 
17,850 
17,992 
18,075 
18,778 
18,125 
18,364 
18,628 

17,999 
17,979 
18,077 
18,364 

18,305 
18,296 
18,377 
18,628 

18,651 



aa at Dec. 3 1 
1938 
1939 ' 
1944 
1945 
1946 
1947 
1948 
1949 
1950 
1951 
1952" 
1953" 

Month-end 

Mar.— 1952 
June 
Sept. 
Dec.** 

Mar.— 1953 
June 
Sept. 
Dec.** 



Ma 



-1954 



See footnotes to table on page3 83-84. 

Resident corporate includes provincial and municipal governments and all 
resident financial and non-financial corporations other than chartered 
banks. Bank of Canada and Government accounts. See item 4 (b) in 



table on pages 187-188 in November 1953 Statistical Summary for a 
detailed list of these components. 

Resident non-corporate corresponds in concept to the personal sector of 
the National Accounts, i.e. it includes individuals, farmers, unincorporated 



business, private pension funds and eleemosynary institutions. In the 
case of Government of Canada market issues held by this sector, holdings 
are estimated on a residual basis (see table on pages 187-188 in November 
1953 Statistical Summary) and include all residual errors. 



** Preliminary. * Not available. 

Note: Further information with respect to methods and sources is available 
from the Research Department, Bank of Canada, on request. 



CHARTERED BANKS: CURRENT LOANS TO THE PUBLIC IN CANADA 

MILLIO NS OF DOLLARS MILLIONS OF DOLLARS 

4500 



4000 



— 3500 

.-- " 



4500 
4000 




MONTH-EN 


FIGURES 






--, '°^~ 


-54 




3snn 




3000 




_ i9sa 


-53 ^„ 


~~~ '^ 




_ s= sa _ 1951-52 - - - 

l .= .= = *=> ^ ^ ^fc 




2500 


1951 


)-5l ^^sscss 55 *^ 


: ,-a C-J ™ 




1 1 


1 1 


1 1 T 


o" 


: 1 1 



GOVERNMENT BOND YIELDS AND TREASURY BILL RATES 

Bank of Canada 



3000 



2500 





Government of Canada 






Theoreticals 1 






15th of Each Month 




15 Yr. 


9Yr. 


5Yr. 


2Yr. 




Bond 


Bond 


Bond 


Bond 


Annual Average 










1947 


2.57 


2.25 


1.75 


1.43 


1948 


2.93 


2.72 


2.27 


1.44 


1949 


2.83 


2.64 


2.24 


1.66 


1950 


2.78 


2.67 


2.22 


1.81 


1951 


3.24 


3.18 


2.69 


2.37 


1952 


3.59 


3.58 


3.22 


2.69 


1953 


3.68 


3.67 


3.56 


3.26 


Monthly 










1953— Mar. 


3.65 


3.56 • 


3.43 


3.11 


Apr. 


3.66 


3.56 


3.43 


3.14 


May 


3.69 


3.62 


3.48 


3.21 


June 


3.72 


3.72 


3.54 


3.28 


July 


3.72 


3.71 


3.57 


3.28 


Aug. 


3.73 


3.72 


3.64 


3.36 


Sept. 


3.75 


3.77 


3.65 


3.41 


Oct. 


3.72 


3.75 


3.66 


3.48 


Nov. 


3.67 


3.74 


3.71 


3.44 


Dec. 


3.61 


3.64 


3.61 


3.20 


1954— Jan. 


3.55 


3.57 


3.55 


3.03 


Feb. 


3.44 


3.32 


3.31 


2.70 


Mar. 


3.27 


3.22 


3.16 


2.47 


Apr. 


3.10 


2.99 


2.92 


2.22 


May 


3.06 


2.87 


2.72 


2.22 



Long Term 


Market Yields 


Average of Business Days 


Canada 


U.K. 


U.S.A. 


2 


3 


4 


2.59 


2.61 


2.20 


2.93 


2.82 


2.41 


2.85 


2.93 


2.24 


2.77 


3.19 


2.24 


3.21 


3.49 


2.58 


3.54 


4.23 


2.64 


3.66 


3.86 


2.88 


3.60 


3.97 


2.85 


3.62 


3.87 


2.90 


3.64 


3.83 


3.05 


3.70 


3.85 


3.11 


3.72 


3.89 


2.98 


3.73 


3.83 


2.96 


3.73 


3.74 


2.93 


3.70 


3.68 


2.75 


3.65 


3.68 


2.77 


3.61 


3.70 


2.71 


3.53 


3.63 


2.61 


3.43 


3.62 


2.53 


3.22 


3.59 


2.43 


3.04 


3.54 


2.37 


3.01 


3.49 


2.44 



Tender Rates on 3 Month 


Treasury Bills 


Tender nearest 15th of Month 


Canada 


U.K. 


U.S.A. 


.406 


.507 


.592 


.411 


.509 


1.037 


.485 


.521 


1.096 


.552 


.516 


1.215 


.796 


.583 


1.555 


1.076 


2.167 


1.795 


1.688 


2.284 


2.006 


1.503 


2.232 


2.098 


1.528 


2.415 


2.219 


1.530 


2.383 


2.271 


1.699 


2.368 


2.229 


1.759 


2.365 


2.106 


1.795 


2.368 


2.116 


1.911 


2.150 


1.957 


1.929 


2.098 


1.438 


1.904 


2.097 


1.482 


1.877 


2.103 


1.682 


1.883 


2.132 


1.336 


1.741 


2.067 


1.024 


1.612 


2.111 


1.056 


1.56 


2.081 


1.066 


1.59 


1.707 


.813 



1. Payable In Canada only. 2. Government of Canada 3% due 1 Sept.. 1961-06. 3. United Kingdom 3% due IS Apr.. 1959-69. 
4. U.S. Treasury 2H% due IS Dec, 1963-68. It was not eligible for commercial banks before Dec. 1, 19S2. 



87 



MAY 1954 



Cents per Unit 



FOREIGN EXCHANGE RATES 1 

Bank of Canada 





U.S. Dollar in Canada 


£ Sterling in Canada 


Business 














Days 


High 


Low 


Average 
Noon Rate 


High 


Low 


Average 
Noon Rate 


1948 


100.25 


100.25 


100.25 


403.00 


403.00 


403.00 


1949 


110.25 


100.25 


103.08 


403.00 


308.00 


376.13 


1950 


110.25 


103.25 


108.92 


308.00 


289.25 


304.44 


1951 


107.31 


101.19 


105.28 


300.50 


281.38 


294.68 


1952 


101.13 


95.88 


97.89 


281.25 


266.75 


273.40 


1953 


99.78 


96.75 


98.34 


280.94 


272.38 


276.66 


1953-Apr. 


98.63 


98.00 


98.37 


277.94 


275.69 


277.13 


May 


99.78 


98.66 


99.41 


280.94 


278.06 


279.80 


June 


99.63 


99.16 


99.44 


280.38 


278.88 


279.82 


July 


99.44 


98.94 


99.18 


279.88 


278.56 


279.29 


Aug. 


99.00 


98.69 


98.83 


278.81 


277.50 


278.25 


Sept. 


98.88 


97.78 


98.43 


277.69 


274.00 


275.94 


Oct. 


98.66 


97.75 


98.25 


276.75 


273.88 


275.76 


Nov. 


98.03 


97.38 


97.77 


275.56 


273.88 


274.89 


Dec. 


97.63 


97.00 


97.31 


274.44 


272.63 


273.52 


1954-Jan. 


97.56 


97.03 


97.29 


274.38 


272.88 


273.56 


Feb. 


97.13 


96.34 


96.65 


273.13 


271.13 


271.93 


Mar. 


98.19 


96.47 


97.08 


276.44 


271.50 


273.29 


Apr. 


98.75 


97.66 


98.25 


278.31 


275.06 


276.93 


May 


98.59 


98.06 


98.43 


278.00 


276.44 


277.48 



1. Prior to October 2, 1950, there were official buying and selling rates for the U.S. Dollar and 
Sterling in Canada. The rates used in the table before this date are the mid-rates between official 
buying and selling rates, or the averages thereof. Accordingly the "High" differs from the "Low" only 
in the years when the official rates were changed. Effective October 2, 1950, official rateswere discon- 
tinued and rates thereafter are as reported on transactions between banks in the exchange market. 
Commencing with 1950, averages are based on five-day week quotations. 



OFFICIAL HOLDINGS OF 
GOLD AND U.S. DOLLARS 1 

$ mm. U.S. Dept. of Finance 



End 




U.S 




of 
period 


Gold 


Dollars 


Total 


1948 


401.3 


596.5 


997.8 


1949 


486.4 


630.7 


1.117.1 2 


1950 


580.0 


1,161.5 


1,741.5 


1951 


841.7 


936.9 


1,778.6 


1952 


885.0 


975.2 


1,860.2 


1953 


986.1 


832.4 


1,818.5 


1953-Apr. 


913.7 


930.0 


1,843.7 


May 


923.0 


838.2 


1,761.2 


June 


934.7 


815.4 


1,750.1 


July 


942.2 


813.5 


1,755.7 


Aug. 


951.0 


813.4 


1,764.4 


Sept. 


959.8 


827.5 


1,787.3 


Oct. 


968.3 


816.2 


1,784.5 


Nov. 


976.4 


830.3 


1,806.7 


Dec. 


986.1 


832.4 


1,818.5 


1954-Jan. 


997.5 


836.6 


1,834.1 


Feb. 


1,007.8 


845.7 


1,853.5 


Mar. 


1,015.7 


811.5 


1,827.2 


Apr. 


1,021.9 


788.6 


1,810.5 


May 


1,027.3 


794.9 


1,822.2 



Gold and U.S. dollars held by the Exchange Fund 
Account and Bank of Canada and U.S. dollars held by 
other Govt, of Canada Accounts. 
Exclusive of 18.2 set aside out of the proceeds of 
a refunding issue for the purpose of retiring on Feb. 1, 
1950, a security issue guaranteed by the Govt, of 
Canada and payable in U.S. dollars. 



UNITED STATES DOLLAR IN CANADIAN FUNDS 



CANADIAN DOLLARS 



CANADIAN DOLLARS 




1950 



1951 



1952 



1953 



1954 



MAY 1954 



88 



PRICE INDEXES 

"Prices and Price Indexes", Dominion Bureau of Statistics 
WHOLESALE PRICES CONSUMER PRICES 2 

Index 1935-39 = 100 Index 1949 = 100 





Total 
Index 

(Mid- 
Month) 


Raw and 
Partly 
Manu- 


Fully & 
Chiefly 
Manu- 


FARM PRODUCTS i 


Total 
Index 

(1st of 
Month) 


Food 


Shelter 


Clothing 


Household 
Operation 


Other 
Com- 
modities 
& Services 




Field 




Total 












100 


32 


IS 


11 


17 


25 


Average of Months 


























1929 


124.6 


126.1 


123.7 


137.2 


144.4 


140.8 


75.8 


* 


* 


* 


* 


* 


1933 


87.4 


79.3 


93.3 


69.3 


69.2 


69.3 


58.8 


* 


* 


* 


* 


* 


1937 


107.7 


113.7 


104.4 


128.9 


106.0 


117.4 


63.0 


* 


* 


* 


* 


* 


1946 


138.9 


140.1 


138.0 


177.9 


181.2 


179.5 


77.5 


* 


* 


* 


* 


* 


1950 


211.2 


212.8 


211.0 


191.9 


281.4 


236.7 


102.9 


102.6 


106.2 


99.7 


102.4 


103.1 


1951 


240.2 


237.9 


242.4 


200.4 


336.9 


268.6 


113.7 


117.0 


114.4 


109.8 


113.1 


111.5 


1952 


226.0 


218.7 


230.7 


223.0 


277.5 


250.2 


116.5 


116.8 


120.2 


111.8 


116.2 


116.0 


1953 


220.7 


207.0 


228.8 


175.1 


263.8 


219.5 


115.5 


112.6 


123.6 


110.1 


117.0 


115.8 


Monthly 


























1953— Feb. 


221.1 


208.0 


228.8 


196.6 


263.1 


229.9 


115.5 


112.7 


122.5 


109.6 


116.6 


116.7 


Mar. 


221.9 


209.9 


229.2 


191.9 


264.3 


228.1 


114.8 


111.6 


122 5 


109.7 


116.7 


115.2 


Apr. 


219.5 


205.6 


227.8 


187.6 


255.8 


221.7 


114.6 


110.9 


122.7 


109.7 


116.9 


115.0 


May 


220.0 


206.4 


228.2 


185.2 


263.2 


224.2 


114.4 


110.1 


122.9 


110.1 


116.6 


115.1 


June 


221.5 


207.2 


230.2 


184.5 


268.7 


226.6 


114.9 


111.4 


123.6 


110.1 


116.6 


115.1 


July 


221.0 


207.2 


229.3 


187.7 


265.3 


226.5 


115.4 


112.7 


123.9 


110.3 


117.0 


115.2 


Aug. 


222.2 


210.1 


229.7 


157.2 


269.9 


213.6 


115.7 


112.8 


124.1 


110.4 


117.2 


115.8 


Sept. 


221.2 


207.1 


229.8 


154.0 


263.7 


208.9 


116.2 


114.0 


124.2 


110.4 


117.4 


115.9 


Oct. 


220.4 


205.0 


228.8 


151.7 


265.3 


208.5 


116.7 


115.5 


124.5 


110.3 


117.5 


116.0 


Nov. 


218.7 


203.3 


228.0 


151.7 


258.0 


204.9 


116.2 


113.4 


125.0 


110.3 


117.4 


116.3 


Dec. 


219.0 


204.4 


227.6 


151.9 


261.6 


206.8 


115.8 


112.1 


125.2 


110.2 


117.4 


116.3 


1954— Jan. 


219.8 


206.5 


227.8 


152.5 


266.3 


209.4 


115.7 


111.6 


125.4 


110.1 


117.5 


116.4 


Feb. 


219.0 


205.1 


227.3 


152.9 


264.7 


208.8 


115.7 


111.7 


125.4 


110.0 


117.5 


116.5 


Mar. 


218.6 


204.3 


226.9 


151.3 


262.0 


206.7 


115.5 


110.7 


125.6 


109.8 


117.6 


116.6 


Apr. 


217.9 


205.7 


225.1 


150.6 


260.4 


205.5 


115.6 


110.4 


125.6 


109.9 


118.1 


117.2 


May 














115.5 


110.2 


125.8 


109.9 


117.3 


117.5 



1. An independent series with different weighting and different prices from 
those included in the "Total Index". Prices include subsidies. Prices used 
for western wheat, oats and barley are initial payments to farmers plus 
retroactive revisions to include participation payments as these are an- 
nounced. 



Components were selected and weighted on the basis of 1948 urban family 
incomes ranging from $1,650 to $4,050 with incomes between $2,000 and 
$3,000 most common. The Consumer Price Index prior to 1949 is the 
Cost-of-Living Index inclusive of all tobacco taxes linked to the Consumer 
Price Index 1949 - 100. 
Not available. 



POPULATION STATISTICS 1 



Thousands 




Dominion Bureau of Statistics 






Department of Citizenship and Immigration 




Canadian Population 




Immigration 




Total 
Popula- 
tion 

2 


Total 
Increase 


Births 


Deaths 


Net 

Natural 
Increase 


Net 
Migration 


Total 
Immi- 
gration 


From 
Britain 


From 
U.S.A. 


From 

Northern 

Europe 


From 
Other 
Areas 


1946— June 1 
1947— June 1 
1948— June 1 
1949— June 1 
1950— June 1 
1951— June 1 
1952— June 1 
1953— June 1 


12,292 
12,551 
12,823 
13,447 
13,712 
14,009 
14,430 
14,781 


259 


354 


115 


239 


+20 


60 


42 


11 


6 


2 


272 
279 ! 


351 
350 


120 
119 


231 
231 


+41 

+48 




91 

125 


48 
38 


9 

7 


10 
18 


24 
62 


265 
297 
421 
351 


366 
377 
377 
398 


124 
126 
121 
127 


242 
251 
256 
271 


+23 

+46 

+ 165 

+80 




84 
104 
216 
142 


17 
19 
39 
43 


8 

8 

8 

10 


18 
30 
83 
55 


41 
47 
86 
34 


1951— June 1 
Sept. 1 
Dec. 1 


14,009 


113 


98 


28 


70 


+43 




56 


9 


2 


21 


24 


14,122 
14,228 


106 


92 


29 


63 


+43 




58 


9 


2 


24 


23 






88 


88 


32 


56 


+32 




44 


7 


1 


15 


21 


1952— Mar. 1 
June 1 
Sept. 1 
Dec. 1 


14,316 
14,430 
14,534 
14,624 


114 
104 


99 
103 


32 
30 


67 
73 


+47 
+31 




58 
44 


14 
11 


2 
3 


23 
19 


19 
10 


90 


103 


31 


72 


+ 18 




31 


10 


3 


10 


8 






68 


93 


33 


60 


+8 




18 


5 


2 


5 


6 


1953— Mar. 1 
June 1 
Sept. 1 
Dec. 1 


14,692 
14,781 


89 
112 


99 
109 


33 
31 


66 
78 


+23 
+34 




49 
53 


16 
14 


2 
2 


21 

24 


10 
13 


14,893 
15,005 


112 


108 


31 


77 


+35 




45 


12 


3 


17 


13 






78 


100 


32 


68 


+ 10 




26 


7 


2 


7 


10 


1954— Mar. 1 


15,083 

























Including Newfoundland commencing June 1, 1949. The population of New- 
foundland at the time of its accession to Confederation (345 thousand) is 
excluded from the total increase for the period June 1, 1948 to June 1, 1949. 



2. The figure for June 1, 1951 is the census figure, all others are inter-censal 
estimates. 



89 



MAY 1954 



Estimates in Thousands 



LABOUR FORCE STATUS OF THE POPULATION! 1 

"The Labour Force", Dominion Bureau of Statistics, Department of National Defence 







At work 


At WORK LESS than 


With jobs but 
















35 HOURS OR MORE 


35 HOURS 


NOT AT WORK 


Without 






Total 
Civilian 






K 














jobs 
and 

SEEKING 
WORK 


Total 
Civilian 
Labour 

Force 


Not in 
Labour 
Force 


NON- 
INSTITU- 
TIONAL 

Popula- 
tion 14 
years ok 




In Wee 

Endinc 


Agri- 
culture 


Non- 


Usually 
work 


Usually work 
35 hrs. or more 


Lav-off 


Other 


Armed 
Forces 






Agri- 
culture 


lessthan 
35 hrs. 


Lay off 
and 
short 


Other 

reasons 




reasons 








AGE AND 
OVER 














time 


2 


3 


4 


5 














, j 


v t 


<. 


j 












1945— Nov. 


17 


3,821 




381 




V 

92 


171 


4,465 


3,800 


8,265 


465 


1946— Feb. 


23 


3,804 




380 




105 


211 


4,500 


3,987 


8,487 


259 


June 


1 
31 


4,098 
4,294 




465 
355 




122 

A 


123 

117 


4,808 
4,970 


3,864 
3,794 


8,672 
8,764 


117 


Aug. 


t 

11 


193 


62 


Nov. 


9 


4,191 




412 




24 


80 


114 


4,821 


3,988 


8,809 


47 


1947— Mar. 


1 


3,981 




419 




18 


121 


138 


4,677 


4,183 


8,860 


39 


May 


31 


4,267 




437 




* 


97 


91 


4,899 


3,997 


8,896 


35 


Aug. 


16 


4,295 




427 




11 


256 


72 


5,061 


3,863 


8,924 


34 


Nov. 


8 


4,275 




440 




11 


101 


86 


4,913 


4,043 


8,956 


33 


1948— Feb. 


21 


4,009 




470 




17 


143 


154 


4,793 


4,200 


8,993 


34 


June 


5 


4,346 




456 




16 


81 


80 


4,979 


4,044 


9,023 


36 


Sept. 


4 


4,400 




411 




* 


170 


66 


5,053 


4,006 


9,059 


36 


Nov. 


20 


4,288 




424 




* 


85 


104 


4,907 


4,181 


9,088 


38 


1949— Mar. 


5 


4,028 




471 




14 


108 


195 


4,816 


4,310 


9,126 


41 


June 


4 


4,409 




438 




* 


81 


100 


5,036 


4,118 


9,154 


43 


Aug. 


20 


4,437 




397 




* 


220 


96 


5,156 


4,025 


9,181 


45 


Oct. 


29 


4,402 




459 




10 


86 


144 


5,101 


4,333 


9,434 


46 


1950— Mar. 


4 


3,954 




587 




39 


110 


303 


4,993 


4,485 


9,478 


47 


June 


3 


4,479 




431 




13 


77 


141 


5,141 


4,368 


9,509 


47 


Aug. 


19 


4,465 




381 




12 


250 


100 


5,208 


4,313 


9,521 


51 


Nov. 


4 


4,410 




463 




18 


79 


113 


5,083 


4,460 


9,543 


60 


1951— Mar. 


3 


4,146 




528 




30 


175 


167 


5,046 


4,528 


9,574 


66 


June 


2 


4,566 




443 




13 


77 


80 


5,179 


4,413 


9,592 


75 


Aug. 


18 


4,515 




382 




17 


279 


75 


5,268 


4,368 


9,636 


82 


Nov. 


3 
1 


4,404 




529 
478 




21 
50 


98 
126 


96 
207 


5,148 
5,114 


4,538 

4,645 


9,686 
9,759 


85 


1952— Mar. 


660 


3,593 


94 


May 


31 


796 


3,814 




433 




19 


109 


105 


5,276 


4,536 


9,812 


98 


Aug. 


16 


904 


3,665 




342 




17 


362 


85 


5,375 


4,485 


9,860 


99 


Nov. 


22 


724 


3,934 




365 




19 


107 


113 


5,262 


4,660 


9,922 


100 


Dec. 


13 

24 


701 

687 


3,834 
3,836 




458 




26 
48 


100 
121 


131 

187 


5,250 
5,200 


4,685 
4,764 


9,935 
9,964 


100 


1953— Jan. 


198 


45 


78 


103 


Feb. 


21 


680 


3,838 


196 


41 


84 


52 


124 


179 


5,194 


4,786 


9,980 


104 


Mar. 


21 


719 


3,815 


195 


41 


89 


39 


122 


172 


5,192 


4,794 


9,986 


104 


Apr. 


18 


766 


3,879 


192 


30 


74 


27 


108 


165 


5,241 


4,761 


10,002 


105 


May 


16 


821 


3,899 


211 


32 


145 2 


11 


88 


114 


5,321 


4,685 


10,006 


105 


June 


20 


838 


4,050 


195 


28 


61 


10 


115 


90 


5,387 


4,633 


10,020 


105 


July 


18 


927 


3,880 


184 


28 


63 


13 


330 


90 


5,515 


4,522 


10,037 


105 


Aug. 


22 


908 


3,912 


168 


33 


72 


17 


305 


92 


5,507 


4,550 


10,057 


106 


Sept. 


19 


847 


4,049 


169 


35 


75 


13 


126 


84 


5,398 


4,682 


10,080 


106 


Oct. 


24 


776 


4,054 


182 


46 


58 


14 


110 


111 


5,351 


4,744 


10,095 


107 


Nov. 


21 


733 


3,981 


194 


60 


68 


27 


102 


151 


5,316 


4,791 


10,107 


107 


Dec. 


12 


702 


3,848 


186 


65 


1712 


26 


87 


190 


5,275 


4,840 


10,115 


107 


1954— Jan. 


23 


681 


3,784 


186 


65 


107 


24 


115 


280 


5,242 


4,887 


10,129 


110 


Feb. 


20 


700 


3,742 


194 


65 


95 


23 


99 


312 


5,230 


4,909 


10,139 


111 


Mar. 


20 


723 


3,736 


193 


71 


82 


21 


92 


318 


5,236 


4,912 


10,148 


113 


Apr. 


17 


752 


2,138 6 


203 


66 


1,686° 


20 


89 


303 


5,257 


4,901 


10,158 


113 



Revised estimates from Nov. 17, 1945 to Jan. 24, 1953. 

Estimates based on a sample of about 30,000 households and therefore 

subject to sampling error which is relatively larger the smaller the estimate. 

Newfoundland is included beginning October, 1949. 

Principal reasons are bad weather, illness, vacations and, at Christmas and 

Easter, observance of religious holidays. 

Includes only those who had definite instructions to return to their jobs 

within 30 days of date on which lay-off began. 



4. Principal reasons are illness and vacations. 

5. Includes persons who, though having jobs, did not work but sought work 
and those who would have sought work but were temporarily ill, on in- 
definite or prolonged lay-off. or believed no work was available. 

6. The unusually small number working 35 hours or more and the unusually 
large number working less than 35 hours was due to Good Friday being 
in the survey week. 

* Less than 10,000. 



MAY 1954 



90 



Millions of Dollars 



PROFIT STATISTICS FOR 480 COMPANIES 1 : 1947-53 

Bank of Canada 
SUMMARY STATEMENT 



Fiscal Year Nearest to Calendar Year 


1947 


1948 


1949 


1950 


1951 


1952 


1953 


Net operating profit before depreciation 2 


748 

131 

43 

25 


868 

155 

45 

29 


902 

194 

48 

33 


1,099 

218 

48 

37 


1,350 

250 

52 

40 


1,316 

288 

49 

46 


1,319 
324 


Non-operating income (net) 


62 


Less' Bond interest 


52 






Net income before income tax provision 2 


635 

257 


729 
249 


723 
254 


892 
342 


1,112 
520 


1,031 
484 


1,005 
439 






Net income to stockholders 2 


378 

248 


480 

266 


469 

291 


550 

338 


592 

340 


547 

327 


566 

335 






Undistributed income 


130 


214 


178 


212 


252 


220 


231 







NET INCOME TO STOCKHOLDERS: INDUSTRIAL CLASSIFICATION 



Fiscal Year Nearest to Calendar Year 



Grain Mill Products 

Food 

Beverages 

Leather 

Rubber 

Primary Textiles 

Miscellaneous Textiles 

Clothing 

Wood Products 

Pulp and Paper 

Paper Products 

Printing and Publishing 

Iron, Steel and Products 

Machinery (excluding Electrical) 

Electrical Machinery and Equipment. . . 

Gold Mining 

Other Non-ferrous Metals: Mining 

Other Non-ferrous Metals: Products. . . . 
Non-Metallic Minerals (excluding Fuels) 

Coal and Natural Gas 

Petroleum 

Chemicals 

Paints and Polishes 

Wholesale Trade and Services 

Retail Food Chains 

Department Stores 

Other Retail Trade and Services 

Electric and Other Utilities 

Telephones 

Transportation and Storage 

Grain Elevators 

Total of 480 Companies 



Number 
of Com- 
panies 



5 
31 
10 

7 

7 
15 
11 
25 

9 

15 
20 
10 

43 
44 
18 

40 

10 

11 

19 

6 

7 

19 

6 

30 
4 
2 

18 

16 
7 

11 
4 

480 



1947 



3.8 

9.7 

18.0 

.9 

9.7 
5.4 
4.7 
3.6 

3.8 

30.5 

6.2 

1.9 

20.4 
29.5 
11.5 

14.6 

102.6 

2.7 

8.4 

3.0 

29.5 

11.6 

1.7 

4.9 
2.8 
1.0 
6.4 

14.9 

11.7 

2.0 

.7 

378.1 



1948 



4.3 

11.0 

18.8 

.7 

6.3 
8.6 
6.0 
3.8 

4.8 

40.4 

7.5 

2.1 

32.0 
43.3 
15.2 

16.2 
138.1 

2.0 
12.0 

4.6 
34.2 
14.3 

2.0 

7.1 
4.2 
1.0 
7.3 

15.8 

12.7 

3.3 



480.4 



1949 



3.8 
11.5 
16.7 



2.8 
9.2 
5.0 
3.0 

3.1 

35.4 

7.3 

2.0 

34.4 
58.7 
19.6 

23.2 
109.4 

3.6 
13.1 

4.6 
36.6 
15.1 

1.6 

6.3 
4.6 
1.0 
7.0 

15.6 
9.5 

4.0 
1.0 

469.3 



1950 



2.6 

13.3 

15.5 

.5 

8.0 

10.6 

5.2 

3.2 

5.4 

45.4 

8.7 

2.3 

40.8 
60.7 
25.1 

23.9 
128.1 

3.9 
18.2 

5.5 
46.0 
17.5 

1.1 

7.0 
5.5 
1.1 
8.1 

18.3 

13.4 

3.7 

1.0 

549.6 



1951 



3.2 

11.5 

15.5 

.1 

10.8 
6.0 
4.4 
1.5 

5.1 

52.1 

9.3 

2.3 

43.5 
52.8 
21.1 

21.9 
160.5 

4.3 
17.2 

5.0 
62.7 
17.0 

1.6 

6.2 
5.5 

.7 
6.6 

18.6 

19.4 

4.4 

1.3 

592.1 



1952 



2.7 
13.2 
14.9 
-.3 

8.9 
4.6 
3.2 
2.8 

3.2 

36.9 

7.8 

2.8 

44.7 
52.3 
24.2 

17.8 
130.1 

3.5 
15.3 

5.7 
61.9 
16.9 



5.8 
6.1 
1.3 
7.1 

20.3 

26.3 

5.3 

1.3 

547.4 



1953 



2.8 

13.5 

20.4 

.3 

11.7 
3.5 
4.9 

1.2 

5.4 

38.1 

9.1 

3.6 

38.6 
49.0 
32.8 

17.1 
109.5 

3.5 
17.9 

6.6 
71.7 
17.6 

1.7 

5.9 
7.0 
1.2 
8.0 

24.4 

32.5 

5.4 

1.4 

566.3 



Compiled by Bank of Canada. Includes those companies whose assets in 
1952 were $200,000 or over, for which consistent reports were available 
subsequent to 1945 and for which 1953 statements were available in time 
for publication. 

For purposes of comparability any special capital charges made against 
income account in company reports have been added back as well as 



"contingent" and "general" reserves. Special inventory reserves (amount- 
ing to 11.4, 6.0, .2, 5.2, -3.9, -1.1 and -1.4, in the years 1947-1953 
respectively), whether shown by the company in operating expenses or as 
an adjustment to earned surplus, have been deducted in arriving at Net 
Operating Profit. 

Includes deferred development and depletion provision amounting to 
7.3, 8.5, 8.0, 9.0, 9.2, 7.5 and 7.5, in the years 1947-1953 respectively. 



91 



MAY 1954 



MAY 1954 



92 



SELECTED PETROLEUM STATISTICS 

Compiled from Dominion Bureau of Statisli C s' publications except where ollierwise noted. 
SUMMARY 











Canadian Crude 


Apparent Canadian 






















Western Canada 




Oil Production 


Consumption 






Refining Industry 






Selected Users of Petroleum Products 






Producing 
Wells at 

Beginning 
of Year 


Wells Drilled 
During Year 


Proven Reserves 

at year-end 

1 


Volume 


Ratio to 

World 

Production 


Volume 


Ratio 01 

Canadian 

Production to 

Consumption 




Crude Oil Throughput Capacity 2 




Total 

Crude 

Throughput 


Motor 

Vehicle 

Registrations 


Oil 

Using 

Locomotives 

3 


Oil 
Heated 
Homes 






Quebec & 
Mari times 


Ontario 


Prairies 
& N.W.T. 


British 
Columbia 


Total 
Canada 






Productive 


Dry 






Number 


Number 


No. 


Millions of bbls. 


Thous. bbls. per day 


% 


Thous. bbls. per day 


% 




Thousands of barrels; daily rate 






Thousands 


Number 


Thousands 




1946 


540 


67 


51 


44 


21 


0.3 


225 


9.3 


105 


78 


41 


22 


246 


195 


1,622 


, 


* 


1946 


1947 


593 


130 


25 


150 


21 


0.3 


274 


7.7 


107 


88 


45 


22 


262 


210 


1,836 


352 


388 


1947 


1948 


658 


304 


79 


512 


34 


0.4 


292 


11.6 


132 


89 


68 


26 


315 


239 


2,035 


437 


* 


1948 


1949 


941 


532 


107 


900 


59 


0.6 


320 


18.4 


146 


84 


78 


29 


337 


263 


2,291 


700 


* 


1949 


1950 


1,445 


790 


127 


1,100 


80 


0.8 


368 


21.7 


165 


75 


90 


29 


359 


298 


2,601 


877 


633 


1950 


1951 


2,099 


923 


302 


1,376 


130 


1.1 


424 


30.7 


182 


79 


121 


29 


411 


349 


2,872 


1,030 


777 


1951 


1952 


2,846 


l,118t 


475 


1,745 


167 


1.4 


469 


35.6 


186 i, 


104f 


135f 


29 


454f 


380f 


3,156 


1,231 


» 


1952 


1953 


3,821 


1,150** 


+ 


2,042 


222 


1.7 


513 


43.3 


198** 


134** 


146** 


40** 


518** 


423 


* 


* 


* 


1953 


1. 1946-1950, Industl 


y sources; 1951- 


1953, Canadian Petroleum Association. 


1. Capacity at year end. 3. 


C.N.R. and C.P.R. only, from Board of 


Transport Commissioners. 


* Not available. ** 


Estimated. 


t Revised. 











Thousands of barrels; daily rate 












CANADIAN CRUDE 


OIL PRODUCTION 










Thousands of barrels; daily rate 




Alberta 




Saskatchewan 


Manitoba 


Northwest 
Territories 

2 


Western Canada 


Eastern 
Canada 

2. 3 


Total 






Light 
l 


Medium 


Heavy 


Total 


Light 


Medium 


Heavy 


Total 


2 


Light 


Medium 


Heavy 


Total 




1947 


16 


2 


1 


19 


_ 


_ 


1 


1 


_ 




17 


2 


2 


21 


t 


21 


1947 


1948 


26 


2 


2 


30 


- 


- 


2 


2 


- 




27 


2 


4 


33 


1 


34 


1948 


1949 


53 


1 


2 


56 


- 


— 


2 


2 


- 




53 


1 


4 


58 


1 


59 


1949 


1950 


72 


2 


2 


76 


- 


- 


3 


3 


- 




72 


2 


5 


79 


1 


80 


1950 


1951 


119 


3 


3 


125 


- 


— 


3 


3 


t 




120 


3 


6 


129 


1 


130 


1951 


1952 


155 


3 


3 


161 


- 


t 


4 


5 


t 




156 


3 


7 


166 


1 


167 


1952 


1953 


204 


3 


3 


210 


1 


1 


7 


8 


2 




207 


4 


10 


221 


1 


222 


1953 



1. Alberta figures include natural gasoline production in 1950 and earlier years. 



2. All light crude. 



3. Ontario and New Brunswick. 



t Less than 500 barrels. 



Thousands of barrels; daily rate 


MARKET OUTLETS FOR WESTERN CANADIAN OIL 












Canadian Refineries 




USA 


Total 




B.C. 


Alberta 

l 


Sask. 


Man. 


Ontario 


Mari times 
& Quebec 


Total 


2 


3 


1947 




15 


2 


2 








19 




19 


1948 


- 


22 


8 


2 


- 


- 




32 


- 


32 


1949 


— 


33 


19 


3 


- 


- 




55 


— 


55 


1950 


- 


40 


27 


5 


- 


— 




72 


— 


72 


1951 


— 


47 


31 


13 


37 


- 




128 


1 


129 


1952 


1 


55 


33 


17 


54 


- 




160 


4 


164 


1953 


7 


60 


43 


17 


62 


~ 




189 


7 


196 



1. Includes N.W.T. 

2. Lakehead region. 

3. The shortfall in western oil received by refineries compared with total production in certain years represents the increase of crude oil in storage at transportation 
terminals, in pipelines, etc. and small quantities of crude used by producers at the field. 



Thousands of barrels; daily rate 



WORLD CRUDE OIL PRODUCTION 

U.S. Bureau of Mines 





Western Hemisphere 


Eastern Hemisphere 










Other 




Persian 


U.S.S.R. 


Other 




WORLD 




U.S.A. 


Venezuela 


Western 
Hemisphere 


Total 


Gulf 
1 


& E. Europe 

2 


Eastern 
Hemisphere 


Total 


TOTAL 


1939 


3,466 


566 


352 


4,384 


330 


739 


262 


1,331 


5,715 


1946 


4,750 


1,064 


370 


6,185 


702 


554 


81 


1,337 


7,522 


1947 


5,088 


1,192 


402 


6,682 


839 


630 


129 


1,598 


8,280 


1948 


5,520 


1,339 


425 


7,284 


1,139 


720 


237 


2,096 


9,380 


1949 


5,046 


1,321 


476 


6,843 


1,401 


781 


301 


2,483 


9,326 


1950 


5,407 


1,498 


545 


7,450 


1,755 


757 


457 


2,969 


10,419 


1951 


6,158 


1,705 


629 


8,492 


1,930 


927 


395 


3,252 


11,744 


1952 


6,256 


1,804 


668 


8,728 


2,083 


1,046 


427 


3,556 


12,284 


1953** 


6,459 


1,745 


723 


8,927 


2,431 


1,138 


470 


4,039 


12,966 



1. Bahrein, Iran, Iraq, Kuwait. Qatar and Saudi Arabia, 

2. Romania. Albania, Hungary, Poland. Czechoslovakia and Austria 
** Estimates, from "World Oil" February 15, 1954. 











SOURCE OF PETROLEUM USED IN CANADA Thousands of barrels; daily rate 




Crude Oil Received by 


Canadian Refineries 


Domestic 


Increase 


Net Imports 


Total 














Product 


in 


of 


Apparent 






r oreign 




Domestic 


Total 


Production 
1 


Inventories 
2 


All Products 
3 


Consumption 

4 




U.S. 


Venezuela 


Persian Gulf 


Other 


Total 




107 


76 




8 


191 


19 


210 


222 


6 


58 


274 


1947 


91 


103 


11 


7 


212 


33 


245 


244 


9 


57 


292 


1948 


81 


94 


25 


7 


207 


56 


263 


269 


-2 


49 


320 


1949 


86 


83 


49 


6 


224 


72 


296 


304 


8 


72 


368 


1950 


58 


124 


37 


9 


228 


129 


357 


357 


14 


81 


424 


1951 


55 


139 


23 


8 


225 


161 


386 


387 


6 


88 


469 


1952 


39 


159 


19 


6 


223 


190 


413 


434 


11 


90 


513 


1953 



1 Net production of saleable products by Canadian refineries plus refinery fuel and losses. 2. Refinery inventories of all products plus marketing inventories for 
gasoline distillate and residual fuels, and naphtha specialties. 3. Imports as reported in "Trade of Canada", D.B.S. less exports as reported in "Refined Petroleum 
Products". D.B.S. Does not include petroleum tops and casinghead gasoline imported by refineries for blending purposes which contribute to Domestic Product 
Production. 4. For additional description see table below. 



USE OF PETROLEUM IN CANADA 



Thousands of barrels; daily rate 



Distributed for Commercial Use 



Aviation 
& Motor 
Gasoline 



104 
115 
130 
142 
157 
179 
193 



Distillate 
Fuels 



63 
63 
69 
87 
105 
123 
138 



Residual 
Fuels 



59 
63 
67 
80 
94 
97 
105 



Asphalt 



10 
11 
11 
12 
13 
15 
15 



Lubri- 
cating 
Oil 



Liquified 

Petroleum 

Gases 



Other 
Products 



10 
11 
10 
12 
13 
12 
14 



Total 
Saleable 
Products 



252 
269 
295 
342 
395 
439 



Used by Refineries 



Refinery Fuel 
Consumption 



16 
18 
21 

23 
25 
27 
30 



Refinery 
Losses 



Total 

Apparent 

Consumption 



274 
292 
320 
368 
424 
469 
513 



1947 
1948 
1949 
1950 
1951 
1952 
1953 



l udes tract or fuel engine distillate, aviation turbine fuel, kerosene, stove oil. diesel fuel, furnace oil and other light fuel oil (Nos. 1 2 3). 2 Includes heavy 

oil (Nos 4 5 6) ana bunker fuel. 3. Includes naphtha specialties, polymer feed stock, coke, grease wax candles and m.scellaneous products. 4. Includes fuel ol. 
still Igas and coke burned in refining processes, but does not include additives to fuels produced. < '■■■'■"' "'■ - 



Included with "Other Products" 



93 



MAY 1954 



PETROLEUM IN CANADA 



SUPPLY OF PETROLEUM 

THOUSANDS OF BARRELS • DAILY RATE 

600 



USES OF PETROLEUM 



450 



GROSS AVAILABLE 
SUPPLY 



450 




THOUSANDS OF BARRELS : DAILY RATE 

1600 



194-6 1947 1948 1949 1950 1951 1952 1953 1946 1947 1946 1949 

1. Including petroleum tops and casinghead gasoline imported by refineries for blending purposes. 



1950 



1952 



1953 



1935-39 = 100 



VOLUME OF INDUSTRIAL PRODUCTION 

INDEXES NOT SEASONALLY ADJUSTED 

"Canadian Statistical Review", Dominion Bureau of Statistics 





Total 


Mining 


Manufacturing 


Electricity 
and 

Manufactured 




Total 


Non- 


Durables 










Durables 




Gas 


Weighting 


100.0 


16.8 


75.6 


46.1 


29.5 


7.6 


Annual Average 














1935 


85.6 


79.5 


86.5 


89.0 


82.7 


90.4 


1937 


108.0 


103.8 


109.3 


106.7 


113.2 


105.1 


1939 


109.7 


118.0 


108.1 


108.2 


107.9 


107.5 


1945 


187.2 


100.9 


209.8 


176.3 


262.1 


152.1 


1947 


187.8 


106.2 


207.7 


191.2 


233.5 


169.3 


1949 


199.6 


131.7 


217.0 


198.2 


246.3 


176.1 


1950 


211.5 


145.4 


228.1 


208.3 


259.1 


190.9 


1951 


226.5 


161.8 


242.1 


214.0 


285.9 


214.2 


1952 


232.9 


174.7 


246.3 


215.2 


294.8 


228.8 


1953 


248.4 


185.8 


262.9 


224.1 


323.6 


241.9 


Monthly 
1953— Feb. 


242.0 


162.6 


258.3 


214.3 


327.0 


254.4 


Mar. 


246.8 


160.2 


265.6 


221.8 


334.1 


251.0 


Apr. 


254.5 


175.5 


270.8 


227.8 


337.9 


266.3 


May 


254.7 


180.4 


271.6 


230.3 


336.3 


250.0 


June 


257.5 


196.3 


273.3 


231.9 


338.1 


235.7 


July 


247.0 


206.5 


258.3 


219.5 


319.2 


223.4 


Aug. 


248.5 


201.1 


262.0 


230.5 


311.3 


218.4 


Sept. 


257.0 


212.2 


269.9 


235.1 


324.5 


226.7 


Oct. 


254.3 


200.0 


268.0 


232.5 


323.7 


237.7 


Nov. 


250.5 


194.1 


263.6 


230.7 


315.1 


244.4 


Dec. 


235.3 


176.0 


247.2 


210.8 


304.0 


248.0 


1954— Jan. 


228.9* 


171.4 


239.9* 


202.0* 


299.3* 


246.0 


Feb. 


239.0* 


181. 5f 


250.6* 


212.8* 


309.7* 


250.6 


Mar. 


237.7* 


172.4* 


250.8* 


216.2* 


305.0* 


250.6 



t Revised. 



Preliminary. 



MAY 1954 



94 



EMPLOYMENT AND LABOUR INCOME 

"Employment and Payrolls", "Man-Hours and Hourly Earnings" and "Estimates of Labour Income", Dominion Bureau of Statistics 





EMPLOYMENT INDEXES 1. 2 


AVERAGE HOURS WORKED I. 3 


AVERAGE HOURLY 




















EARNINGS t. 


3,4 


Monthly 


























TRIAL 


Manu- 


Con- 


Mining 


Manu- 


Con- 


Mining 


Manu- 


Con- 




Labour 




Composite 


facturing 


struction 




facturing 


struction 




facturing 


struction 


Mining 


Income 

4.5 




Index 1949 - 100 


Hours per week 


Cents 


Millions $ 


Monthly Average 
























1946 


88.2 


91.0 


69.5 


86.9 


42.7 


38.4 


43.2 


70.0 


76.9 


87.3 


444 


1947 


95.7 


97.2 


85.6 


88.6 


42.5 


39.3 


42.2 


80.3 


84.6 


98.0 


518 


1948 


99.7 


100.1 


95.4 


97.2 


42.2 


39.2 


42.6 


91.3 


94.1 


111.1 


597 


1950 


101.5 


100.9 


102.4 


105.5 


42.3 


39.9 


43.0 


103.6 


105.6 


121.4 


693 


1951 


108.8 


108.0 


110.2 


110.6 


41.8 


40.3 


43.1 


116.8 


117.6 


133.4 


806 


1952 


111.6 


109.3 


122.5 


116.8 


41.5 


41.7 


42.7 


129.2 


130.8 


147.1 


895 


1953 


113.4 


113.3 


118.6 


111.7 


41.3 


41.6f 


42.7f 


135.8 


143.7f 


153.8 


971 


First of Month 
























1953— Jan. 


113.0 


111.4 


111.3 


114.9 


38.3 


34.7 


40.6 


134.0 


137.5 


153.4 


928 


Feb. 


110.3 


111.9 


101.9 


114.4 


41.9 


41.6 


43.0 


134.2 


142.3 


153.3 


920 


Mar. 


110.0 


112.7 


93.7 


113.4 


42.1 


42.3f 


42.1 


134.4 


144.4f 


152.9 


924 


Apr. 


110.0 


112.9 


95.9 


111.9 


42.1 


41.5f 


41.8 


134.9 


145.6f 


152.6 


949 


May 


110.9 


113.1 


108.5 


111.9 


41.8 


41.0 


42.4 


135.5 


144.3 


153.7 


969 


June 


112.4 


113.4 


119.0 


112.1 


41.7 


42.3 


43.1 


135.9 


142.9 


153.1 


979 


July 


114.9 


114.7 


127.5 


113.7 


41.3 


42.4 


42.9 


136.2 


141.9 


153.0 


986 


Aug. 


115.6 


114.4 


135.4 


114.7 


41.0 


43.0 


42.8 


136.0 


142.5 


152.7 


993 


Sept. 


116.6 


115.6 


139.6 


112.3 


41.0 


43.3 


43.0 


135.7 


143.0 


153.4 


1,012 


Oct. 


116.9 


115.2 


135.8 


108.8 


41.5 


43.4 


43.2 


136.6 


146.6 


154.8 


1,009 


Nov. 


115.9 


113.1 


131.5 


107.8 


41.4 


42.4 


43.0 


137.4 


146.5 


155.9 


995 


Dec. 


114.1 


110.9 


122.7 


105.1 


41.2 


41.6 


43.9 


138.4 


147.3 


157.3 


989 


1954— Jan. 


109.9 


108.0 


105.5 


103.6 


38.5 


35.1 


40.5 


140.4 


148.2 


158.3 


941 


Feb. 


107.0 


108.3 


91.7f 


105.9f 


40.7 


39.7 


42.6f 


140.4 


151.5 


158.3f 


947 


Mar. 


106.6| 


108.3f 


89.6 


108.4 


41.0 


41.5 


42.4 


140.7 


151.3 


157.5 


941 


Apr.* 


105.5 


107.7 





















As reported by employers usually having IS or more employees. Dated 

first of month and covering the last pay period in the previous month. 

Include Newfoundland commencing in 1950. 

Coverage, including salaried and part-time workers, at Mar. 1. 1954 was 

Industrial Composite 2.391,789; Manufacturing 1,125,722; Construction 

180,537; Mining 97,355. 

Include hourly rated wage earners only. 



4. Gross earnings before deductions for taxes, unemployment insurance, etc. 

5. Wages and salaries and includes bonuses and commissions, food, clothing, 
shelter and contributions to insurance, pensions, etc. provided by employer. 
Includes Newfoundland commencing in 1949. 

* Preliminary, 
t Revised. 






SELECTED EMPLOYMENT INDEXES 



INDEX 1949-100 







DEC. 



FIRST OF MONTH 



120 120 



110 110 



100 100 

JUNE JUNE 



INDEX 1949-100 




DEC. 






MIN 


ING 




120 








^^~ 1951-52 


352-53 


^—y 




< CTl 


110 








? ^V 








1953 -54V 






100 


1 1 1 1 1 


1 


1 1 1 1 



120 



110 



00 



JUNE JUNE 



DEC. 



JUNE 



95 



MAY 1954 



U.S.A. ECONOMIC STATISTICS 

U.S. Department of Commerce 



U.S. Dept. of Labor 



Federal 

Reserve 









Govt. 
















Average 






Gross 
National 
Product 


Change in 

Business 

Inventories 


Expend- 
iture on 
National 
Security 


Savings 

as a 

Percentag 

of 


Total 
Personal 
- Income 


Con- 
struction 


Unem- 
ployment 


Retail 
Sales 


Consumer 
Price 
Index 


Wholesale 

Prices: 
All Com- 
modities 


Hourly 
Earnings 
in Manu- 
facturing 


Total 
Industrial 
Production 








1 


Disposabl 




3 




4 






S 


4 




Billions of Dollars 2 


Income 


Billions of $ 2 


Billions of $ 


Millions 


BillionsofS 


1947-49-100 


Dollars 


1947-49 = 100 


Annual Averages « 


























1929 


103.8 


1.6 


* 


4.5 


85.1 


10.8 


1.6 


48.5 


73.3 


61.9 


.57 


59 


1933 


55.8 


-1.6 


* 


-2.7 


46.6 


2.9 


12.8 


24.5 


55.3 


42.8 


.44 


37 


1937 


90.2 


2.3 


* 


5.5 


74.0 


7.0 


7.7 


42.2 


61.4 


56.1 


.62 


61 


1946 


211.1 


6.1 


21.2 


7.6 


177.7 


12.0 


2.3 


102.5 


83.4 


78.8 


1.09 


90 


1950 


286.8 


7.5 


18.5 


5.5 


226.7 


28.8 


3.1 


143.7 


102.8 


103.1 


1.47 


112 


1951 


329.8 


10.9 


37.4 


7.5 


254.3 


30.9 


1.9 


158.2 


111.0 


114.8 


1.59 


120 


1952 


348.0 


3.7 


48.9 


7.2 


269.7 


32.6 


1.7 


164.1 


113.5 


111.6 


1.67 


124 


1953 


367.2 


2.5 


51.8 


7.3 


284.5 


34.8 


1.5 


170.8 


114.4 


110.1 


1.76 


134 


Monthly 


























1953— Feb. 










281.0 


2.3 


1.8 


14.5 


113.4 


109.6 


1.74 


134 


Mar. 










283.6 


2.5 


1.7 


14.4 


113.6 


110.0 


1.75 


135 


Apr. 










' 282.7 


2.7 


1.6 


14.3 


113.7 


109.4 


1.75 


136 


May 


•371.4 


6.3 


53.5 


6.9 • 


284.7 • 


2.9 


1.3 


14.4 


114.0 


109.8 


1.76 


137 


June 










286.3 


3.2 


1.6 


14.5 


114.5 


109.5 


1.76 


136 


July 










287.5 


3.3 


1.5 


14.5 


114.7 


110.9 


1.77 


137 


Aug. 


• 369.5 


3.1 


52.1 


7.5 


287.0 


3.3 


1.2 


14.1 


115.0 


110.6 


1.77 


136 


Sept. 










286.3 


3.3 


1.2 


14.0 


115.2 


111.0 


1.78 


133 


Oct. 










' 287.2 


3.2 


1.2 


14.0 


115.4 


110.2 


1.78 


132 


Nov. 


■363.5 


-3.0 


50.0 


7.7 


285.9 


3.0 


1.4 


14.1 


115.0 


109.8 


1.78 


129 


Dec. 


. 








284.6 


2.7 


1.9 

7 

3.1 


13.9 


114.9 


110.1 


1.79 


127 


1954— Jan. 


1 








f 283.7 
283.0 
282. 9 f 


2.4 


13.7 


115.2 


110.9 


1.80 


125 


Feb. 


[ 357 .8t 


-4.8f 


46.9f 


8.0f< 


2.3 


3;7 


13.9 


115.0 


110.5 


1.79 


124 


Mar. 


J 








2.5 


3.7 


13 .8f 


114.8 


110.5t 


1.79 


123 


Apr.** 










282.0 


2.8 


3.5 


14.3 


114.6 


111.1 


1.80 


123 



1. Includes stockpiling, atomic energy, and Mutual Defence Assistance in 
addition to strictly military programmes. 

2. Seasonally adjusted annual rates. 

3. Value of new work put in place. 

4. Seasonally adjusted. 

5. Production workers. 



6. Quarterly averages for first four columns. Calendar year totals in the case 
of "Construction" and "Retail Sales". 

7. New sample covering 230 areas as against 68 in the old series begins with 
1954. 

* Not available. 
** Preliminary, 
t Revised. 



VALUE OF SELECTED CANADIAN EXPORTS 





| 








I st QUARTER 1953 




■ l 5T QUARTER 1954 ■ 












OTHER GRAINS 

AND GRAIN PRODUCTS 


— ' 


PLANKS AND BOARDS 


,^l 


PULPWOOD AND WOODPULP 

NEWSPRINT 

ALUMINUM AND PRODUCTS 


1 




^^^^^ 




" 
















COPPER AND PRODUCTS 






NICKEL AND PRODUCTS 












LEAD AND ZINC 
AND PRODUCTS 




FARM IMPLEMENTS 




AUTOS, TRUCKS AND PARTS 
ALL OTHER 


1 






{" ' 314] 
P^ J 308 | 




' 1 1 1 ■ 



30 



60 90 

MILLIONS OF DOLLARS 



120 



150 



MAY 1954 



96 



Millions of Dollars 



EXTERNAL TRADE AND TRADE INDEXES 1 

Compiled from "Trade of Canada", Dominion Bureau of Statistics 



TOTAL EXPORTS (EXCLUDING GOLD) TO 2 





U.S.A. 


U.K. 


Calendar Years 






1926 


471 


318 


1929 


515 


226 


1933 


173 


188 


1937 


394 


386 


1947 


1,057 


754 


1948 


1,522 


689 


1949 


1,524 


709 


1950 


2,051 


473 


1951 


2,334 


636 


1952 


2,349 


751 


1953 


2,463 


669 


12 Mths. end'g 






Mar. 1954 


2,425 


681 


Monthly 






1953-Apr. 


192.3 


45.3 


May 


224.2 


68.5 


June 


218.2 


77.3 


July 


212.7 


81.3 


Aug. 


199.9 


67.2 


Sept. 


211.4 


45.0 


Oct. 


201.9 


55.8 


Nov. 


204.0 


56.1 


Dec. 


223.5 


47.7 


1954-Jan. 


160.1 


38.1 


Feb. 


171.9 


44.9 


Mar. 


205.2 


52.8 


Apr.* 


181.8 


39.6 



Other 

Sterling 

Area 

3 



85 
93 
39 

97 

359 

290 
305 
200 
266 
291 
252 

232 

18.0 
24.0 
27.7 
24.7 
19.4 
25.7 
16.3 
19.7 
17.0 

12.5 
12.5 
14.1 



Western 

Europe & 

Colonies 

4 



283 

207 

95 

94 

327 
317 
254 
199 
364 
468 
367 

371 

21.8 
38.5 
52.0 
43.8 
26.7 
24.1 
33.4 
35.1 
31.7 

22.8 
21.1 
19.7 



Central 

and 

South 

America 



44 
44 
10 
25 

135 

127 
132 
154 
217 
281 
207 

198 

17.0 
15.5 
21.4 
17.0 
12.1 
18.2 
19.1 
21.0 
15.5 

11.8 

14.2 
15.2 



All 
Other 



76 
92 
30 
49 

180 
165 
99 
80 
146 
216 
216 

219 

10.4 
14.3 
19.4 
18.8 
21.6 
19.4 
21.3 
19.3 
25.5 

20.1 
15.2 
14.1 



Total 

All 

Countries 



1,277 

1,178 

535 

1,045 

2,812 
3,110 
3,023 
3,157 
3,963 
4,356 
4,173 

4,125 

304.8 
385.0 
416.0 
398.3 
346.9 
343.8 
347.8 
355.2 
360.9 

265.4 
279.8 
321.lt 
298.2 



New Gold 

Production 

Available 

for 

Export 



30 

37 

82 

145 

99 
119 
139 
163 
150 
150 
144 

131 

11.7 

12.0 

13.7 

9.3 

10.7 

10.4 

9.9 

9.1 

9.8 

11.5 

10.2 
12.8 
13.8 



EXPORT INDEXES s 

1948-100 



Total 
Value 



41.0 
37.5 
17.2 
32.4 

90.2 
100.0 

97.3 
101.4 
127.3 
139.9 
133.9 



117.5 
148.4 
160.6 
153.4 
133.7 
132.0 
134.0 
136.9 
138.8 

101.7 
105.4 
123.2 



Price 



70.2 
64.4 
39.9 
53.4 

91.6 
100.0 
103.3 
108.3 
123.0 
121.8 
118.3 



119.5 
118.9 
119.2 
118.7 
118.8 
118.4 
118.4 
117.1 
116.7 

116.1 
116.5 
115.8 



Physical 

Volume 



58.4 
58.2 
43.1 
60.7 

98.5 
100.0 
94.2 
93.6 
103.5 
114.9 
113.2 



98.3 
124.8 
134.7 
129.2 
112.5 
111.5 
113.2 
116.9 
118.9 

87.6 

90.5 

106.4 





TOTAL IMPORTS (EXCLUDING GOLD) FROM 






Excess of 


IMPORT INDEXES 5 


















Merchandise 
Exports 




1948-100 










Other 


Western 


Central 




Total 














U.S.A. 


U.K. 


Sterling 


Europe & 


and 


All 


All 


Merchandise 


Total 




Physical 








Area 
3 


Colonies 
4 


South 
America 


Other 


Countries 


Imports 


Value 


Price 


Volume 


Calendar Years 
























1926 


669 


165 


47 


71 


33 


23 


1,008 


269 


38.1 


68.9 


55.3 


1929 


894 


195 


59 


90 


33 


28 


1,299 


-121 


49.1 


63.0 


77.9 


1933 


217 


98 


34 


32 


10 


10 


401 


134 


15.1 


43.7 


34.6 


1937 


491 


147 


87 


43 


21 


20 


809 


236 


30.6 


50.8 


60.2 


1947 


1,975 


189 


158 


64 


159 


29 


2,574 


238 


97.6 


88.0 


110.9 


1948 


1,806 


300 


194 


77 


223 


37 


2,637 


473 


100.0 


100.0 


100.0 


1949 


1,952 


307 


187 


83 


193 


39 


2,761 


261 


104.7 


102.6 


102.0 


1950 


2,131 


404 


242 


114 


215 


68 


3,174 


-17 


120.4 


110.3 


109.2 


1951 


2,813 


421 


309 


181 


275 


86 


4,085 


-122 


154.8 


126.2 


122.7 


1952 


2,977 


360 


186 


157 


285 


66 


4,031 


326 


152.3 


110.3 


138.1 


1953 


3,221 


453 


173 


179 


291 


66 


4,383 


-210 


165.2 


109.6 


150.8 


12 Mths. end'g 
























Mar. 1954 


3,149 


446 


172 


182 


297 


65 


4,311 


-187 








Monthly 
























1953-Mar. 


272.8 


37.6 


11.0 


11.9 


22.1 


4.7 


360.1 


-47.1 


163.4 


109.0 


149.9 


Apr. 


297.3 


37.9 


12.6 


17.3 


22.8 


3.9 


391.8 


-87.0 


177.9 


109.1 


163.1 


May 


312.3 


43.5 


17.6 


15.4 


27.7 


4.1 


420.6 


-35.6 


190.5 


109.4 


174.1 


June 


299.8 


42.8 


17.1 


17.0 


23.3 


6.3 


406.3 


9.7 


184.2 


110.2 


167.2 


July 


286.5 


47.1 


17.6 


16.0 


31.2 


6.7 


405.4 


-7.1 


182.6 


109.5 


166.8 


Aug. 


244.7 


38.4 


14.7 


15.1 


26.5 


5.8 


345.2 


1.7 


156.2 


109.9 


142.1 


Sept. 


268.0 


34.3 


16.9 


16.0 


25.3 


7.0 


367.5 


-23.7 


165.7 


110.8 


149.5 


Oct. 


258.3 


36.8 


18.5 


17.1 


22.2 


5.4 


358.3 


-10.5 


161.6 


110.5 


146.2 


Nov. 


244.5 


38.9 


17.1 


20.3 


24.9 


5.7 


351.4 


3.8 


159.5 


110.0 


145.0 


Dec. 


246.8 


38.3 


10.5 


14.2 


22.6 


6.0 


338.4 


22.5 


153.1 


110.1 


139.1 


1954-Jan. 


202.8 


28.3 


9.1 


11.2 


23.8 


5.0 


280.2 


-16.5 


127.2 


109.4 


116.3 


Feb. 


217.5 


29.0 


10.5 


9.9 


21.7 


4.0 


292.6 


-12.8 


132.8 


109.1 


121,7 


Mar. 


270.0f 


30.9f 


9.6 


12.6 


25.1 


4.8 


353.0f 


-31.9f 


160.3* 


109.3* 


146.7* 


Apr.* 


265.3 


36.3 










358.0 


-59.8 









Commencing April 1, 1949, external trade of Newfoundland is included 

and Canadian trade with Newfoundland, formerly in the "All Other" 

category, disappears. 

Includes exports of foreign produce. Prior to 1947 wheat exports are based 

on Board of Grain Commissioners' data rather than Customs' clearances. 

Excludes defence equipment transferred by Canada to North Atlantic 

Treaty countries which in 1950, 1951. 1952 and 1953 amounted to 56.8, 

109.1, 100.9 and 182.0* respectively. 

Consists of U.K. Dependencies, Union of South Africa, Eire, India, 



Pakistan, Burma, Australia, New Zealand, Iceland, Jordan, Libya, Ceylon 
and Iraq. 

4. Excludes Spain, but includes Greece and Turkey. 

5. Excludes exports of foreign produce. Price indexes are based largely on 
unit values derived from the Customs' entries. Price indexes prior to 
1948 are converted from 1935-39=- 100. 

* Preliminary, 
t Revised. 



97 



MAY 1954 



MAY 1954 



MERCHANDISE IMPORTS: COMMODITY CLASSIFICATION 

Compiled from "Trade of Canada" \ D om inion Bureau of Statistics 
(Exclud ; 



98 



Millions of Dollars 
























ing IjOIQ) 






















Millions of Dollars 






















Hides 


Other 


Cotton 






















Fruits 
and 
Nuts 


Vegetables 


and 

Milled 

Products 

(incl. rice) 


Sugar 

and 

Products 


Tea 
and 
Coffee 


Alcoholic 
Beverages 

1 


Oils 
(non- 
edible) 


Rubber 
(incl. syn- 
thetic) 


Furs 


and 
Leather 
(unmfd. 
and mfd.) 


Vegetable 

and 

Animal 

Products 




Silk 

(raw and 

mfd.) 






Artificial 
Silk 


Flax, Hemp 
and Jute 


Other 
Textiles 


Paper 


Books and 
Printed 
Matter 


Other Wood 
and Wood 
Products 






Raw and 
Unmfd. 


Mfd. 


Raw and 
Unmfd. 


Mfd. 




Calendar Years 
1926 


34 


6 


17 


38 


19 


28 


11 


30 


13 


18 


49 


24 


33 


30 


10 


39 


6 


16 


28 


11 


13 


22 


Calendar Years 
1926 
1929 


1929 


39 


11 


26 


28 


18 


47 


12 


23 


15 


20 


64 


28 


34 


29 


10 


40 


13 


15 


30 


15 


18 


30 


1933 


18 


4 


5 


16 


10 


14 


6 


5 


4 


7 


19 


12 


13 


7 


7 


11 


3 


7 


10 


5 


8 


5 


1933 


1937 


29 


6 


18 


21 


14 


8 


16 


19 


8 


12 


27 


21 


20 


8 


16 


19 


4 


11 


16 


8 


14 


12 


1937 


1947 


100 


25 


36 


57 


35 


14 


23 


29 


22 


26 


76 


61 


119 


7 


30 


54 


34 


38 


46 


23 


32 


35 


1947 


1948 


91 


8 


31 


72 


42 


16 


19 


32 


25 


19 


83 


57 


78 


4 


48 


67 


30 


27 


39 


17 


31 


25 


1948 


1949 2 


96 


19 


26 


71 


50 


22 


21 


29 


20 


25 


74 


67 


73 


6 


37 


63 


30 


20 


37 


20 


36 


30 


1949 2 


1950 


113 


25 


39 


87 


71 


17 


31 


49 


22 


28 


89 


91 


67 


8 


55 


52 


21 


26 


45 


23 


42 


34 


i950 


1951 


118 


31 


46 


86 


71 


18 


35 


85 


22 


31 


126 


97 


87 


8 


95 


68 


35 


31 


64 


35 


51 


51 


1951 


1952 


121 


46 


38 


71 


72 


21 


20 


52 


24 


21 


90 


68 


82 


7 


29 


53 


40 


24 


58 


30 


57 


48 


1952 


1953 


129 


38 


35 


60 


81 


20 


23 


51 


21 


26 


93 


57 


89 


6 


43 


73 


47 


22 


50 


39 


68 


53 


1953 


12-Mtbs. ending 
Feb. 1954 


129 


38 


35 


62 


85 


20 


24 


49 


17 


26 


93 


49 


84 


6 


40 


72 


44 


21 


49 


40 


69 


54 


12-Mths. ending 
Feb. 1954 


Monthly 
1953— Jan. 


7.0 


2.9 


1.9 


1.1 


6.0 


1.6 


2.2 


4.1 


4.7 


2.1 


5.7 


7.2 


9.1 


.7 


4.0 


6.1 


4.5 


1.8 


4.7 


2.6 


5.0 


3.8 


Monthly 
Jan. — 1953 


Feb. 


7.4 


2.7 


1.6 


2.5 


5.7 


1.1 


1.8 


4.2 


2.8 


2.2 


6.9 


7.3 


9.4 


.6 


3.3 


5.5 


4.5 


1.4 


4.3 


2.6 


4.9 


4.2 


Feb. 


Mar. 


8.2 


3.7 


2.2 


3.2 


8.3 


1.4 


2.8 


4.3 


1.8 


2.6 


6.8 


5.8 


9.9 


.6 


3.9 


6.2 


4.9 


1.3 


4.7 


3.2 


5.7 


4.7 


Mar. 


Apr. 


10.2 


4.7 


1.8 


4.4 


7.3 


1.5 


2.0 


4.4 


2.1 


2.3 


8.0 


5.2 


9.1 


.5 


5.2 


6.2 


4.7 


1.8 


5.1 


3.5 


6.3 


4.6 


Apr. 


May 


12.0 


5.2 


2.8 


5.8 


7.4 


1.5 


2.2 


4.8 


1.4 


2.1 


9.0 


5.0 


7.9 


.5 


5.8 


6.0 


4.0 


2.2 


4.3 


3.4 


6.6 


4.6 


May 


June 


11.6 


5.2 


1.9 


6.4 


5.3 


1.5 


1.9t 


4.5 


1.3 


1.9 


7.8f 


3.7 


6.8 


.5 


4.2 


5.8 


3.7 


2.0 


3.9 


3.3 


5.1 


4.1 


June 


July 


14.3 


3.3 


3.1 


5.2 


5.6 


1.4 


1.1 


4.1 


1.2 


1.9 


8.3 


4.1 


6.3 


.5 


4.1 


7.5 


3.3 


1.8 


3.9 


3.2 


5.0 


4.9 


July 


Aug. 


11.0 


.9 


2.2 


6.4 


5.7 


1.3 


1.3 


3.9 


1.0 


2.4 


6.4 


3.1 


5.8 


.5 


3.2 


7.1 


3.9 


1.9 


3.6 


3.2 


5.0 


4.2 


Aug. 


Sept. 


12.6 


1.0- 


2.3 


7.0 


6.7 


1.7 


1.2f 


4.7 


1.0 


2.1 


8.0f 


2.9 


6.5 


.5 


2.6 


5.9 


3.7 


1.4 


4.0 


3.4 


6.3 


4.5 


Sept. 


Oct. 


10.0 


2.0 


4.6 


8.1 


7.1 


2.1 


1.9 


4.2 


1.6 


2.3 


7.7 


3.4 


■ 6.2 


.5 


2.2 


6.1 


3.3 


2.0 


4.0 


3.7 


6.8 


5.0 


Oct. 


Nov. 


11.9 


2.8 


3.3 


6.4 


7.7 


2.7 


2.5 


3.7 


.8 


2.1 


8.8 


5.1 


6.4 


.5 


2.1 


5.5 


3.3 


3.0 


4.1 


3.6 


5.5 


4.6 


Nov. 


Dec. 


13.0 


3.4 


7.3 


3.5 


7.9 


2.7 


2.3 


3.7 


1.2 


2.1 


9.1 


4.5 


5.9 


.5 


2.1 


4.9 


2.9 


1.3 


3.6 


3.4 


5.9 


4.2 


Dec. 


1954— Jan. 


6.5 


2.8 


1.7 


2.7 


8.1 


1.2 


2.5 


2.9 


1.7 


1.6 


7.0 


2.7 


6.2 


.5 


1.9 


5.4 


3.0 


1.2 


3.7 


3.1 


5.1 


4.0 


Jan.— 1954 


Feb. 


7.8 


3.2 


1.9 


2.6 


7.5 


1.3 


2.3 


3.8 


1.9 


2.1 


6.6 


4.0 


6.6 


5 


2.3 


5.1 


3.0 


1.1 


3.6 


3.2 


5.4 


4.6 


Feb. 








Chemicals 




Pigs. Ingots 




Sheets, 




Castings 


Engines, 


Farm 


Machinery 


Motor 


Other 




Tin 












Other 


All 








and 


Iron 


Blooms 




Plates, 




Loco- 


Implements 


(except 


Vehicles 


Iron 


Bauxite 




Electrical 








Glass 


Non- 


Other 


Total 








Ore 


and 




Hoop, Band 




Forgings 


motives 


and 


agri- 


and 


and 


Ore 




Apparatus 










metallic 




Imports 






Products 




Billets 




and Strip 




and Boilers 


Machinery 


cultural) 


Parts 


Steel 
















Minerals 








Calendar Years 














































Calendar Years 


1926 


31 


3 


2 


10 


30 


8 


5 


14 


18 


39 


52 


40 


_ 


3 


17 


31 


67 


52 


9 


25 


59 


1,008 


1926 


1929 


40 


5 


3 


12 


37 


15 


6 


18 


32 


70 


85 


60 


3 


3 


37 


48 


64 


77 


11 


35 


75 


1,299 


1929 


1933 


24 


- 


- 


1 


13 


1 


1 


5 


2 


12 


12 


12 


2 


1 


5 


10 


31 


31 


4 


12 


26 


401 


1933 


' 1937 


37 


5 


1 


5 


37 


4 


3 


11 


17 


46 


49 


33 


4 


3 


16 


25 


42 


59 


9 


27 


48 


809 


1937 


1947 


113 


13 


2 


12 


48 


18 


9 


44 


105 


206 


178 


127 


9 


7 


69 


77 


154 


207 


29 


63 


163 


2,574 


1947 


1948 


118 


16 


6 


12 


54 


18 


10 


50 


140 


217 


132 


128 


10 


8 


62 


76 


206 


301 


26 


73 


116 


2,637 


1948 


1949 2 


131 


12 


6 


13 


67 


18 


13 


59 


177 


216 


167 


143 


10 


8 


70 


87 


157 


274 


25 


79 


158 


2,761 


1949 2 


1950 


158 


17 


5 


11 


66 


16 


10 


55 


162 


226 


250 


163 


10 


10 


83 


113 


190 


307 


28 


86 


172 


3,174 


1960 


1951 


192 


23 


16 


26 


108 


39 


14 


88 


195 


329 


271 


224 


15 


20 


120 


136 


190 


353 


32 


109 


297 


4,085 


1951 


1952 


188 


27 


17 


23 


84 


36 


13 


136 


197 


361 


258 


255 


13 


11 


140 


134 


168 


341 


27 


105 


429 


4,031 


1952 


1953 


222 


28 


5 


17 


79 


30 


13 


117 


209 


402 


324 


309 


17 


8 


198 


141 


153 


357 


37 


111 


482 


4,383 


1953 


12-Mths. ending 














































12-Mths. ending 


Feb. 1954 


219 


28 


5 


15 


78 


33 


12 


115 


194 


397 


321 


306 


17 


8 


197 


145 


151 


355 


37 


109 


471 


4,318 


Feb. 1954 


Monthly 














































Monthly 


1953— Jan. 


17.3 


.2 


.7 


1.7 


6.0 


1.8 


.8 


10.3 


16.1 


30.7 


24 3 


22.1 


.5 


.6 


16.1 


9.1 


8.9 


27.8 


2.4 


6.3 


35.3 


327.8 


Jan.— 1953 


Feb. 


16.1 


.2 


.5 


1.2 


6.0 


1.8 


1.0 


9.1 


17.7 


29.0 


24.7 


20.5 


.2 


.3 


14.1 


7.9 


10.0 


23.8 


2.6 


7.1 


29.5 


310.0 


Feb. 


Mar. 


18.4 


- 


.9 


1.3 


6.4 


1.8 


.9 


10.5 


22.2 


35.9 


32.6 


24.9 


.4 


1.0 


15.9 


11.2 


8.7 


25.3 


3.3 


7.8 


34.6 


360.1 


Mar. 


Apr. 


20.0 


.1 


1.0 


1.4 


7.3 


2.2 


1.1 


11.0 


24.3 


36.8 


37 3 


27.7 


.3 


1.9 


17.3 


11.0 


9.8 


24.4 


3.4 


8.4 


44.2 


391.8 


Apr. 


May 


20.4 


3.0 


.4 


1.4 


7.4 


2.4 


1.1 


10.7 


25.5 


36.0 


39.5 


30.0f 
33.7 


2.3 


.5 


18.5 


12.2 


14.6 


28.5 


3.3 


10.2 


48.4f 


420.6 


May 


June 


19.4 


4.1 


.5 


1.3 


7.0 


2.7 


1.1 


11.0 


23.4 


37.5 


36.8 


1.9 


1.1 


15.9 


11.6 


15.8 


31.6 


3.3 


9.6 


44.5 


406.3 


June 


July 


18.9 


5.6 


.4 


1.8 


6.3 


2.9 


1.1 


10.7 


25.4 


36. 8 1 
28.0 


30 4 


28.8 


2.2 


.5 


15.9 


13.7f 


15.7 


34.5 


2.9 


11.5 


45.1 


405.4 


July 


Aug. 


17.0 


5.9 


.2 


1.2 


5.4 


2.8 


1.0 


6.9 


17.4 


19 8 


26.1 


2.0 


.6 


15.2 


10.5 


14.0 


32.0 


2.9 


10.9 


41.5 


345.2 


Aug. 


Sept. 


19.9 


4.5 


.3 


1.5 


5.9 


2.5 


1.0 


9.8 


12.6 


31.6 


21 4 


24.6 


2.1 


.3 


18.0f 


13.7 


15.2 


34.1 


3.2f 


10.1 


45.2 


367.5 


Sept. 


Oct. 


19.0 


2.9 


.1 


1.5 


6.7 


2.7 


1.3 


8.4 


9 4 


31 7 


17 


24.7 


1.8 


.7 


17.6 


14.2 


16.6 


31.1 


3.4 


10.4 


42.3 


358.3 


Oct. 


Nov. 


18.6 


1.5 


.2 


1.3 


7.8 


3.2 


1.3 


9.5 


6 8 


31 4 


17 6 


24.2 


1.9 


.8 


16.5 


14.5 


15.0 


31.4 


3.4 


10.7 


37.3 


351.4 


Nov. 


Dec. 


17.1 


.2 


.2 


1.1 


6.4 


2.7 


.9 


8.9 


8.4 


36.5 


22.2 


22.0 


1.0 


.1 


17.2 


11.7 


9.0 


32.8 


3.2 


7.7 


33.7 


338.4 


Dec. 


1954— Jan. 


15.1 


.2 


.2 


1.0 


5.8 


3.4 


.8 


9.0 


7 7 


25 8 


22.0 
24.9 


18.9 


.4 


.2 


14.9 


10.5 


8.1 


27.3 


2.4 


5.6 


25.4 


280.2 


Jan.— 1954 


Feb. 


15.9 


~ 


.3 


.9 


5.2 


3.2 


.6 


8.4 


10.4 


29.5 


20.7 


.4 


.5 


13.7 


10.0 


8.3 


22.1 


2.6 


6.3 


28.8 


292.6 


Feb. 


1. Before 1935 import t 


>tals are subs 


tantially ove 


-valued owin 


g to inclusioi 


of U.K. exc 


se taxes on s 


jirits importe 


d from that c 


lull try. 


2. Includes ii 


iports from 


Newfoundla 


id until Mar 


:h 31 and im 


jorts into Newfoundland from other countries thereafter. t Revised. 









CUMULATIVE TABLE OF CONTENTS 
1954 

See Statistical Summary Indexes, published annually, for details of previous years 

Page Number 

Monthly Tables "/ggearggT 

Bank of Canada: Liabilities and Assets 81-82 

Chartered Banks: Liabilities and Assets 81-82 

General Public Holdings of Certain Liquid Assets: Currency, 

Bank Deposits and Government of Canada Securities . . 83-84 

Government Bond Yields and Treasury Bill Rates 86 

Foreign Exchange Rates 87 

Official Holdings of Gold and U.S. Dollars 87 

Price Indexes 88 

Labour Force Status of the Population 89 

Volume of Industrial Production 93 

Employment and Labour Income 94 

U.S.A. Economic Statistics 95 

External Trade and Trade Indexes 96 

Quarterly Tables 

Chartered Banks: Estimated Quarterly Classification 

of Loans in Canada 68 

General Public Holdings of Certain Liquid Assets: Approximate 
Division between Non-Resident, Resident Corporate and 

Resident Non-Corporate Holdings 85-86 

Bond Issues and Retirements 71 

Canadian Gold Statistics 72 

Government Bond Yields: Canada, U.S.A. and U.K 41 

Consumer Credit Outstanding 44 

National Accounts: Quarterly 52-53 

Selected Agricultural Statistics: Quarterly 55-56 

International Securities Transactions: Quarterly 57 

Canadian Balance of International Payments: Quarterly . . 58 

Merchandise Exports: Commodity Classification by Volume 79 

Merchandise Exports: Commodity Classification by Value . . 61-62 

Merchandise Imports: Commodity Classification by Volume . 80 

Merchandise Imports: Commodity Classification by Value . . 97-98 

Other Tables 

Bonds Outstanding 9 

Estimates of Labour Income 14 

National Accounts: Yearly 27 

Capital Expenditures on New Construction, Machinery and 

Equipment 29 

Mineral Production 31 

Domestic Exports: Commodity Classification by Destination . 33 

Selected Housing Statistics 48 

Public Finance: Government of Canada 49-50 

New Passenger Automobile Statistics 57 

Railways: Operating Statistics 74 

Newsprint: North America 76 

Canadian Wheat: Statistical Position 77 

Population Statistics 88 

Profit Statistics of 480 Companies: 1947-1953 90 

Selected Petroleum Statistics 91-92 



BANK OF CANADA 

STATISTICAL SUMMARY 




A Cumulative Table of Contents for 1954 appears on the back cover 



TABLES 

Bank of Canada: Liabilities and Assets 99-100 

Chartered Banks: Liabilities and Assets 99-100 

General Public Holdings of Certain Liquid Assets: Currency, 

Bank Deposits and Government of Canada Securities . 101-102 

Government Bond Yields and Treasury Bill Rates .... 104 

Government Bond Yields: Canada, U.S.A. and U.K. . . . 104 

Foreign Exchange Rates 105 

Official Holdings of Gold and U.S. Dollars 105 

Consumer Credit Outstanding 106 

National Accounts: Quarterly 107-110 

Selected Agricultural Statistics: Quarterly 111-112 

Price Indexes 113 

Employment and Labour Income 113 

Labour Force Status of the Population 114 

Volume of Industrial Production 114 

New Passenger Automobile Statistics 115 

New Commercial Vehicle Statistics 115 

U.S.A. Economic Statistics 116 

International Securities Transactions: Quarterly .... 116 

Canadian Balance of International Payments: Quarterly 117 

External Trade and Trade Indexes 118 

Merchandise Exports: Commodity Classification by Value . 119-120 

CHARTS 

Chartered Banks: Public Savings Deposits 103 

Yields of Government Bonds: Canada, USA. and U.K. . . 103 

United States Dollar in Canadian Funds 105 

Consumer Credit Outstanding 106 



Tables and Charts may be reproduced or referred to provided that the Bank of Canada 
Statistical Summary, with its date, is specifically quoted as the source. Subscription: 25c per 
copy, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa. 



JUNE 1954 




99 
















JUNE 


1954 


JUNE 1954 


















100 


Millions of Dollars 
















BANK OF 1 


CANADA 
















Millions of Dollars 




LIABILITIES 


ASSETS 






Chartered Bank Cash 








Active 

B. of C. 

Note 

Circulation 


All 


Total 








Securities 




All 






Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


Canada 
Deposits 


Other 
Deposits 


Currency 

Deposits 

1 


Other 
Accounts 


Liabilities 
or 

Assets 


Gold 


Silver 


Foreign 

Exchange 

l 


Govt, op Canada 
and Provincial 


Ind. Dev. 

Bank 
Cap. Stock 


Other 
Securities 


Total 


Advances 


Other 
Accounts 






Under 2 yrs. 


Over 2 yrs. 




As at Dec. 31 2 
1935 


40.6 


181.6 


222.2 


17.9 


.8 


_ 


59.1 


7.7 


307.7 


180.5 


1.6 


4.2 


30.9 


83.4 


_ 




114.3 


3.5 


3.5 


As at Dec. 31 
1935 


1937 


53.9 


196.0 


249.9 


11.1 


3.5 


- 


111.4 


14.4 


390.3 


179.8 


3.0 


14.9 


82.3 


91.6 


- 


12.2 


186.1 


- 


6.5 


1937 


1939 


70.6 


217.0 


287.6 


46.3 


17.9 


- 


162.2 


13.3 


527.2 


225.7 
* 


- 


64.3 


181.9 


49.9 


- 


- 


231.8 


- 


5.5 


1939 


1946 


176.9 


565.5 


742.3 


60.5 


93.8 


1.0 


1,009.3 


41.7 


1,948.6 


- 


1.0 


1,197.4 


708.2 


15.0 


_ 


1,920.6 


_ 


27.1 


1946 


1947 


183.9 


536.2 


720.1 


68.8 


67.5 


2.0 


1,027.5 


40.4 


1,926.2 




- 


2.0 


1,022.0 


858.5 


25.0 


- 


1,905.6 


- 


18.7 


1947 


1948 


190.8 


547.3 


738.1 


98.1 


81.0 


.4 


1,098.3 


42.7 


2,058.6 


- 


- 


.5 


1,233.7 


779.1 


25.0 


- 


2,037.7 


- 


20.4 


1948 


1949 


211.8 


541.7 


753.5 


30.7 


126.9 


79.6 


1,095.6 


39.5 


2,125.9 




- 


74.2 


1,781.4 


227.8 


25.0 


5.5 


2,039.7 


- 


12.0 


1949 


1950 


231.3 


578.6 


809.9 


24.7 


207.1 


133.6 


1,136.1 


39.0 


2,350.3 


- 


- 


111.7 


1,229.3 


712.5 


25.0 


247.9 


2,214.7 


- 


24.0 


1950 


1951 


273.1 


619.0 


892.1 


94.9 


66.1 


155.6 


1,191.1 


44.4 


2,444.1 


- 


- 


117.9 


1,141.8 


1,049.3 


25.0 


89.0 


2,305.1 


- 


21.0 


1951 


1952 


272.5 


626.6 ' 


899.1 


16.2 


44.5 


82.9 


1,288.7 


50.0 


2,381.4 


_ 


- 


77.2 


1,459.8 


767.2 


25.0 


13.0 


2,265.0 


- 


39.2 


1952 


1953 


263.8 


623.9 


887.7 


51.5 


29.5 


63.8 


1,335.3 


69.3 


2,437.2 


~ 


- 


55.1 


1,376.6 


893.7 


25.0 


23.4 


2,318.6 


- 


63.5 


1953 


End of 
1953 — Mar. 


232.3 


601.1 


833.4 


60.6 


66.5 


71.0 


1,261.1 


34.1 


2,326.7 


- 


_ 


65.7 


1,371.0 


810.9 


25.0 


14.5 


2,221.3 


_ 


39.8 


Mar.— 1953 


- Apr. 


232.7 


646.7 


879.3 


48.3 


76.8 


73.4 


1,272.1 


37.2 


2,387.2 


_ 


- 


68.1 


1,436.6 


796.0 


25.0 


15.0 


2,272.7 


- 


46.4 


Apr. 


May 


210.4 


594.9 


805.4 


45.6 


72.1 


64.8 


1 ,307.5 


50.1 


2,345.4 


_ 


— 


59.4 


1,364.8 


821.4 


25.0 


15.5 


2,226.7 


- 


59.3 


May 




239.0 


647.6 


886.7 


47.9 


82.6 


72.0 


1,290.0 


44.9 


2,424.2 


_ 


_ 


66.5 


1,405.5 


852.0 


25.0 


15.5 


2,298.1 


- 


59.5 


June 


July 


214.2 


646.6 


860.8 


43.8 


68.7 


80.9 


1,333.0 


65.4 


2,452.6 


_ 


_ 


75.0 


1,451.6 


838.5 


25.0 


15.7 


2,330.8 


- 


46.7 


July 


Aug. 


247.7 


617.8 


865.5 


66.4 


35.2 


73.3 


1,302.0 


53.1 


2,395.4 


_ 


_ 


67.5 


1,414.0 


830.9 


25.0 


15.8 


2,285.8 


- 


42.1 


Aug. 


Sept. 


262.0 


616.9 


878.9 


15.4 


37.8 


74.9 


1,290.5 


63.0 


2,360.5 


_ 


_ 


69.1 


1,385.7 


824.9 


25.0 


16.1 


2,251.7 


- 


39.8 


Sept. 


Oct. 


211.2 


733.6 


944.8 


3.8 


37.2 


76.0 


1,344.7 


64.8 


2,471.3 


_ 


_ 


70.7 


1,469.9 


812.1 


25.0 


36.4 


2,343.5 


- 


57.1 


Oct. 


Nov. 


256.2 


625.6 


881.8 


50.3 


43.4 


67.2 


1,303.1 


78.5 


2,424.3 


_ 


_ 


61.4 


1,378.6 


894.9 


25.0 


17.1 


2,315.5 


1.5 


45.9 


Nov. 


Dec. 2 


263.8 


623.9 


887.7 


51.5 


29.5 


63.8 


1,335.3 


69.3 


2,437.2 


~ 


- 


55.1 


1,376.6 


893.7 


25.0 


23.4 


2,318.6 


- 


63.5 


Dec. 


1954— Jan. 


225.8 


634.4 


860.2 


48.8 


29.5 


71.3 


1,293.4 


70.3 


2,373.5 






61.7 


1,328.3 


880.6 


25.0 


23.4 


2,257.2 


10.0 


44.6 


Jan.— 1954 


Feb. 


201.6 


676.6 


878.2 


126.1 


34.4 


62.7 


1,304.6 


39.3 


2,445.3 


_ 


_ 


53.2 


1,374.8 


900.8 


25.0 


23.4 


2,324.0 


10.0 


58.1 


Feb. 


Mar. 


242.9 


660.0 


902.9 


81.8 


28.9 


60.8 


1,269.7 


41.2 


2,385.3 




_ 


50.1 


1,552.8 


636.3 


25.0 


22.9 


2,237.0 


- 


98.2 


Mar. 


Apr. 


211.0 


661.7 


872.8 


86.0 


27.3 


68.4 


1,324.7 


52.2 


2,431.3 


- 


_ 


58.6 


1,703.8 


568.0 


25.0 


23.0 


2,319.8 


.4 


52.5 


Apr. 


May 


258.1 


589.3 


847.4 


143.8 


30.3 


71.3 


1,288.5 


44.4 


2,425.6 


- 


- 


61.8 


1,740.4 


520.5 


25.0 


22.9 


2,308.9 


15.0 


40.0 


May 


1. Includes foreign excha 


age items for fo 


reign clients an 


1 also the Gove 


rnment of Cans 


da and, comme 


ncing March 31 


, 1949, the Exch 


ange Fund Accoi 


int. 2. Before 






ada profits for 


the year endin 


l December 31 


from "AU Oth 


er Accounts" to "Government of Canada Deposits". 


■k Since May 1940 the 



Millions of Dollars 



As at Dec. 31 

1926 

1929 

1933 

1937 

1947 

1949 

1950 

1951 

1952 

1953 
End of 
1953— Mar. 
Apr. 
May 
June 
July 
Aug. 
Sept. 
Oct. 
Nov. 
Dec. 

1954— Jan. 
Feb. 

Mar. 
Apr. 
May 



LIABILITIES 



Notes 



175 
175 
132 
102 
18 
14 



Deposits 



Public 
Demand 



609 

729 

502 

699 

2,296 

2,426 

2,770 

2,963 

3,242 

3,180 

2,936 
3,115 
3,040 
3,143 
3,049 
3,139 
3,150 
3,152 
3,150 
3,180 

2,957 
2,900 
3,006 
2,974 
3,096 



Notice 



Govt, of 

Canada 

and Prov. 



1,373 
1,434 
1,357 
1,583 
3,740 
4,433 
4,558 
4,612 
4,924 
5,034 

5,067 
5,107 
5,100 
5,126 
5,152 
5,206 
5,226 
5,148 
5,068 
5,034 

5,093 
5,162 
5,245 
5,312 
5,378 



31 

92 

61 
53 
376 
367 
500 
322 
255 
667 

455 
419 
346 
365 
295 
306 
316 
444 
701 
667 

722 

781 
529 
423 
345 



Canadian 
Deposits 



2,025 
2,270 
1,933 
2,387 
6,473 
7,348 
7,997 
8,088 
8,623 
9,122 

8,618 
8,827 
8,681 
8,852 
8,694 
8,815 
8,884 
8,952 
9,142 
9,122 



9,033 



8,885 
9,004 



Foreign 



Total 
Deposit! 



334 
442 
322 
409 
824 
730 
735 
795 
865 
938 



915 
908 
904 
886 
872 
879 
883 
900 
938 

952 
923 
942 
972 
946 



2,410 
2,820 
2,294 
2,819 
7,406 
8,177 
8,867 
9,003 
9,570 
10,140 

9,586 
9,815 
9,656 
9,822 
9,640 
9,755 
9,834 
9,919 
10,130 
10,140 

10,004 
10,037 
10,023 
9,954 
10,040 



CHARTER ED BANKS 

Bank of ] Canada 

ASSETS 



Millions of Dollars 



Cash 

in 

Canada 



228 
228 
196 
250 
720 
753 
810 
892 



833 
879 
805 
887 
861 
865 
879 
945 
882 



878 
903 
873 
847 



Securities 



Govt, of 
Canada 



Prov- 
incial 



304 

297 

651 

1,111 

3,116 

3,112 

3,079 

2,754 

2,784 

2,760 

3,024 
3,038 
2,915 
2,854 
2,787 
2,813 
2,843 
2,726 
2,730 
2,760 

2,853 
2,851 
2,776 
2,772 
2,790 



445 
416 
355 
379 
334 

308 
309 
320 
310 
297 
299 
301 
319 
329 
334 

312 
289 
264 
261 

264 



Foreign 
Govt. 



Other 



180 
151 
210 



59 
271 
242 
193 
200 
255 
236 

236 
248 
252 
254 
257 
243 
251 
228 
223 
236 

276 
239 
235 
253 
235 



242 
487 
545 
599 
567 
537 
501 

514 
540 
537 
537 
532 
531 
522 
517 
506 
501 

504 
506 
500 
494 
490 



Total 



484 
448 
861 
1,411 
3,874 
4,345 
4,286 
3,876 
3,955 
3,831 

4,082 
4,135 
4,024 
3,956 
3,872 
3,886 
3,918 
3,789 
3,789 
3,831 

3,944 

3,885 
3,775 
3,780 
3,780 



Loans 



151 
262 
106 
76 
105 
133 
134 
107 
155 
154 

140 
152 
138 
123 
125 
135 
110 
144 
152 
154 

143 

197 
167 
144 
215 



970 
1,403 
898 
749 
1,921 
2,174 
2,651 
2,901 
3,188 
3,790 

3,262 
3,372 
3,402 
3,469 
3,543 
3,621 
3,648 
3,718 
3,856 
3,790 

3,814 
3,825 
3,756 
3,776 
3,778 



85 
122 
138 
113 
78 
97 
125 
127 
101 
107 

132 
136 
124 
107 
106 
111 
124 
120 
120 
107 

115 
127 

143 
149 

147 



273 

245 

90 

60 

56 

70 

100 

131 

170 

272 

147 
178 
168 
179 
177 
195 
173 
208 
254 
272 

245 
248 
267 
265 
256 



270 
251 
138 
166 
234 
211 
247 
278 
264 
268 

274 
270 
273 
270 
254 
251 
251 
259 
260 
268 

275 
271 
271 
276 
280 



Total 

Assets 



2,940 
3,521 
2,816 
3,281 
7,974 
8,718 
9,496 
9,610 
10,157 
10,722 

10,182 
10,416 
10,242 
10,398 
10,210 
10,318 
10,398 
10,506 
10,720 
10,722 

10,604 
10,634 
10,611 
10,547 
10,648 



DAILY AVERAGE DATA 



Cash 



Canada 

3 



Canadian 

Deposits 



192 
191 
189 
240 
670 
746 
755 
791 
845 



880 
865 
875 
874 
878 
889 
892 



917 
894 
902 
871 
885 



Percent 
of Cash to 
Canadian 

Deposits 



1,958 
2,293 
1,941 
2,357 
6,209 
7,178 
7,487 
7,759 
8,110 
8,624 

8,407 
8,618 
8,699 
8,529 
8,685 
8,669 
8,651 
8,787 
8,935 
8,787 

8,871 
8,945 
8,686 
8,745 
8,818 



Total 

Active 

Note 

Circulation 



8.3 
9.8 
10.2 
10.8 
10.4 
10.1 
10.2 
10.4 
10.2 

10.5 
10.1 
10.1 
10.1 
10.1 
10.1 
10.1 
10.1 
10.0 
10.2 

10.3 
10.0 
10.4 
10.0 
10.0 



195 

205 

157 

200 

1,013 

1,087 

1,085 

1,132 

1,207 

1,275 

1,245 
1,257 
1,269 
1,268 
1,286 
1,295 
1,294 
1,304 
1,299 
1,318 

1,264 
1,257 
1,263 
1,283 
1,283 



Aver, of Dally Figures 
1926 
1929 
1933 
1937 
1947 
1949 
1950 
1951 
1952 
1953 

Mar— 1953 

Apr. 

May 

June 

July 

Aug. 

Sept. 

Oct. 

Nov. 

Dec. 

Jan.— 1954 

Feb. 

Mar. 

Apr. 

May 



1. Estimated month-end deposits payable in Canadian currency. 2. Includes inter-bank Hennaita * TT„tii **.,..„,, ,n« r* ,j j r- ■ ■ r- j r-» ™:«; . ~ ,_, t> t^ l„. «f.=, ,,,„* A*t» Rant ni Canada Notes and Deposits. 4. Figures given are averages of estimated month- 

ranu^^fffit^^^^ " ^ — " — "^ " «** "^ 



101 



Millions of Dollars 



JUNE 1954 

GENERAL PUBLIC HOLDINGS 

Currency, Bank Deposits and 

Bank of 



JUNE 1954 

OF CERTAIN LIQUID ASSETS* 

GOVERNMENT OF CANADA SECURITIES 

Canada 



102 



Millions of Dollars 













1 


. CANADIAN DOLLAR CURRENCY AND BANK DEPOSITS HBJLD BY THE GENERAL PUBLIC 


AND RELATED BANK ASSETS 




















Currency and Active Bank Deposits 








Inactive 

Chartered 

Bank 

Notice 

Deposits 

2 


Total 

Currency 

and 

Bank 
Deposits 

Total 

Related 
Bank 

Assets 


Related Bank Assets 






Currency 
Outside Banks 






Active Bank Deposit 


si 






Total 

Currency 

and 

Active 

Bank 

Deposits 


Government of Canada debt 

held by Bank of Canada 

and Chartered Banks 


Other Related Bank Assets 3 






Chartered Banks 


Bank of 
Canada 
"Other" 
Deposits 


Total 


Chartered Bank Can. Loans 
and non-Govt. Securities 


Bk. of Can. 

Gold and 

Exchange 

holdings 

(net) 


Less: 

All 

Other 

(net) 

7 


Total 






Notes 


Coin 


Total 


Public 
Demand 


Active 
Notice 


Other 

excl. 
Govt, of 
Canada 


Total 


Less: 
Float 


Net 
Total 






Total 


Less: Govt. 

Deposits 

4 


Net 
Total 


Canadian 

Loans 

5 


Non-Govt. 

Securities 

6 


Total 




as at Dec. 31 
1950 


1,136 


78 


1,214 


2,770 


697 


413 


3,880 


450 


3,430 


207 


3,637 


4,851 


3,861 


8,712 


5,021 


280 


4,741 


2,910 


1,015 


3,925 


226 


180 


3,971 


aa at Uec. 31 
1950 


1951 


1,191 


84 


1,275 


2,963 


717 


449 


4,129 


627 


3,502 


66 


3,568 


4,843 


3,894 


8,737 


4,945 


160 


4,785 


3,136 


922 


4,057 


49 


154 


3,952 


1951 


1952 


1,289 


88 


1,377 


3,242 


796 


453 


4,491 


740 


3,751 


45 


3,796 


5,173 


4,129 


9,302 


5,011 


19 


4,992 


3,444 


916 


4,360 


2 


52 


4,310 


1952 


1953 


1,335 


94 


1,429 


3,180 


823 


434 


4,437 


762 


3,675 


30 


3,705 


5,134 


4,211 


9,345 


5,030 


526 


4,504 


4,051 


835 


4,886 


3 


48 


4,841 


1953 


1953— Mar. 


1,261 


88 


1,349 


2,936 


824 


450 


4,210 


585 


3,625 


67 


3,692 


5,041 


4,242 


9,283 


5,205 


225 


4,980 


3,534 


822 


4,356 


2 


55 


4,303 


End of 
Mar.-1953 


Apr. 


1,272 


89 


1,361 


3,115 


831 


415 


4,361 


571 


3,790 


77 


3,867 


5,228 


4,276 


9,504 


5,271 


238 


5,033 


3,660 


849 


4,509 


2 


40 


4,471 


Apr. 


May 


1,307 


91 


1,398 


3,040 


832 


403 


4,275 


609 


3,666 


72 


3,738 


5,136 


4,268 


9,404 


5,101 


184 


4,917 


3,664 


857 


4,521 


2 


36 


4,487 


May 


June 


1,290 


88 


1,378 


3,143 


. 835 


497 


4,475 


722 


3,753 


83 


3,836 


5,214 


4,291 


9,505 


5,112 


134 


4,978 


3,699 


848 


4,547 


2 


22 


4,527 




July 


1,333 


92 


1,425 


3,049 


839 


383 


4,271 


610 


3,661 


69 


3,730 


5,155 


4,313 


9,468 


5,077 


154 


4,923 


3,773 


828 


4,601 


2 


58 


4,545 


July 


Aug. 


1,302 


92 


1,394 


3,139 


851 


323 


4,313 


585 


3,728 


35 


3,763 


5,157 


4,355 


9,512 


5,058 


213 


4,845 


3,867 


829 


4,696 


2 


31 


4,667 


Aug. 


Sept. 


1,291 


92 


1,383 


3,150 


855 


432 


4,437 


622 


3,815 


38 


3,853 


5,236 


4,371 


9,607 


5,053 


92 


4,961 


3,882 


824 


4,706 


2 


62 


4,646 


Sept. 


Oct. 


1,345 


94 


1,439 


3,152 


844 


387 


4,383 


662 


3,721 


37 


3,758 


5,197 


4,304 


9,501 


5,008 


269 


4,739 


3,982 


835 


4,817 


22 


77 


4,762 


Oct. 


Nov. 


1,303 


94 


1,397 


3,150 


829 


362 


4,341 


757 


3,584 


43 


3,627 


5,024 


4,239 


9,263 


5,004 


613 


4,391 


4,129 


836 


4,965 


2 


95 


4,872 


Nov. 


Dec. 


1,335 


94 


1,429 


3,180 


823 


434 


4,437 


762 


3,675 


30 


3,705 


5,134 


4,211 


9,345 


5,030 


526 


4,504 


4,051 


835 


4,886 


3 


48 


4,841 


Dec. 


1954— Jan. 


1,293 


93 


1,386 


2,957 


832 


409 


4,198 


579 


3,619 


29 


3,648 


5,034 


4,261 


9,295 


5,061 


558 


4,503 


4,072 


815 


4,887 


2 


97 


4,792 


Jan.-1954 


Feb. 


1,305 


93 


1,398 


2,900 


845 


358 


4,103 


582 


3,521 


34 


3,555 


4,953 


4,317 


9,270 


5,127 


739 


4,388 


4,149 


795 


4,944 


2 


64 


4,882 


Feb. 


Mar. 


1,270 


89 


1,359 


3,006 


858 


512 


4,376 


666 


3,710 


29 


3,739 


5,098 


4,387 


9,485 


4,965 


313 


4,652 


4,066 


764 


4,830 


1 


2 


4,833 


Mar. 


Apr. 


1,325 


94 


1,419 


2,974 


868 


415 


4,257 


639 


3,618 


27 


3,645 


5,064 


4,444 


9,508 


5,044 


271 


4,773 


4,069 


755 


4,824 


3 


92 


4,735 


Apr. 


May 


1,288 


94 


1,382 


3,096 


875 


378 


4,349 


695 


3,654 


30 


3,684 


5,066 


4,502 


9,568 


5,051 


296 


4,755 


4,140 


755 


4,895 


3 


85 


4,813 


May 



2. GOVERNMENT OF CANADA SECURITIES 










Outstanding 


8 








Distribution 12 




Direct Funded Debt 


Guar- 
anteed 

Un- 
matured 
Funded 
Debt 


Exchange 
rate ad- 
justment 

11 


Total 

(including 
exchange 
rate adjust- 
ment) 


Bank 

of 

Canada 


Chartered 
Banks 


Govern- 
ment 
Accounts 


General 
Public 




Unmatured 


Matured 

and 

out- 
standing 


Total 




Special 
Banking 

Issues' 


Other 

Market 
Issues 


Non- 
market 
Debt 10 


Total 


as at Dec. 31 




























1950 


1,500 


12,586 


1,218 


15,304 


51 


15,355 


577 


+2 


15,934 


1,942 


3,079 


847 


10,066 


1951 


1,400 


12,225 


1,194 


14,819 


21 


14,840 


529 


-27 


15,342 


2,191 


2,754 


1,009 


9,388 


1952 


1,400 


12,020 


1,250 


14,670 


19 


14,689 


528 


-43 


15,174 


2,227 


2,784 


1,101 


9,062 


1953 


1,400 


12,090 


1,632 


15,122 


19 


15,141 


523 


-37 


15,627 


2,270 


2,760 


1,314 


9,283 


1953— Mar. 


1,550 


12,055 


1,206 


14,811 


20 


14,831 


528 


-38 


15,321 


2,182 


3,024 


1,093 


9,022 


Apr. 


1,600 


12,055 


1,190 


14,845 


19 


14,864 


528 


-36 


15,356 


2,233 


3,038 


1,090 


8,995 


May 


1,400 


12,055 


1,163 


14,618 


17 


14,635 


528 


-34 


15,129 


2,186 


2,915 


\ 1,18316 


8,845 


June 


1,400 


12,055 


1,143 


14,598 


17 


14,615 


528 


-33 


15,110 


2,258 


2,854 


1,207 


8,791 


July 


1,400 


12,065 


1,126 


14,591 


17 


14,608 


527 


-35 


15,099 


2,290 


2,787 


1,220 


8,802 


Aug. 


1,400 


12,075 


1,109 


14,584 


18 


14,602 


527 


-35 


15,093 


2,245 


2,813 


1,236 


8,799 


Sept. 


1,400 


12,077 


1,091 


14,568 


18 


14,586 


527 


-38 


15,075 


2,211 


2,843 


1 1,251 


8,770 


Oct. 


1,400 


12,092 


1,167 


14,658 


19 


14,677 


527 


-37 


15,166 


2,282 


2,726 


1,262 


8,896 


Nov. 


1,400 


12,090 


1,632 


15,122 


19 


15,141 


527 


-38 


15,630 


2,273 


2,730 


1,271 


9,356 


Dec. 


1,400 


12,090 


1,632 


15,122 


19 


15,141 


523 


-37 


15,627 


2,270 


2,760 


1,314 


9,283 


1954— Jan. 


1,400 


12,090 


1,605 


15,095 


19 


15,114 


523 


-38 


15,599 


2,209 


2,853 


1,304 


9,233 


Feb. 


1,400 


12,090 


1,585 


15,074 


20 


15,094 


673 


-40 


15,727 


2,276 


2,851 
2,776 
2,772 
2,790 


1,261 


9,339 


Mar. 


1,400 


11,619 


1,562 


14,582 


62 


14,644 


673 


-35 


15,282 


2,189 


1,151 


9,166 


Apr. 


1,400 


11,619 


1,539 


14,558 


51 


14,609 


673 


-31 


15,251 


2,272 


1,139 


9,068 


May 


1,400 


11,619 


1,517 


14,536 


47 


14,583 


673 


-34 


15,222 


2,261 


1,137 


9,034 



3 


TOTAL OF CERTAIN LIQUID ASSETS HELD BY THE GENERAL PUBLIC, 






AND RELATED FACTORS 








Liquid Assets 


Total 
Liquid 

Assets 

Total 
Related 
Factors 


Related Factors 

15 




Currency 

and 

Active 

Bank 

Deposits 


Inactive 
Char- 
tered 
Bank 
Notice 

Deposits 


Govt, of Canada 
Securities 


Bank 

Assets 

other than 

Govt, of 

Canada 

Securities 

14 


Govt, of 
Can. Debt 
less Govt. 
Deposits & 
holdings of 
Govt. Accts 




Market 

Issues 

13 


Non- 
market 
10 


Total 




















as at Dec. 31 


4,851 


3,861 


8,848 


1,218 


10,066 


18,778 


3,971 


14,807 


1960 


4,843 


3,894 


8,194 


1,194 


9,388 


18,125 


3,952 


14,173 


1951 


5,173 


4,129 


7,812 


1,250 


9,062 


18,364 


4,310 


14,054 


1952 


5,134 


4,211 


7,651 


1,632 


9,283 


18,628 


4,841 


13,787 


1953 


5,041 


4,242 


7,816 


1,206 


9,022 


18,305 


4,303 


14,002 


Mar.-1953 


5,228 


4,276 


7,805 


1,190 


8,995 


18,499 


4,471 


14,028 


Apr. 


5,136 


4,268 


7,682 


1,163 


8,845 


18,249 


4,487 


13,762 


May 


5,214 


4,291 


7,648 


1,143 


8,791 


18,296 


4,527 


13,769 


June 


5,155 


4,313 


7,676 


1,126 


8,802 


18,270 


4,545 


13,725 


July 


5,157 


4,355 ' 


7,690 


1,109 


8,799 


18,311 


4,667 


13,644 


Aug. 


5,236 


4,371 


7,679 


1,091 


8.770 


18,377 


4,646 


13,732 


Sept. 


5,197 


4,304 


7,729 


1,167 


8,896 


18,397 


4,762 


13,635 


Oct. 


5,024 


4,239 


7,724 


1,632 


9,356 


18,619 


4,872 


13,747 


Nov. 


5,134 


4,211 


7,651 


1,632 


9,283 


18,628 


4,841 


13,787 


Dec. 


5,034 


4,261 


7,628 


1,605 


9,23.3 


18,528 


4,792 


13,736 


Jan.-1954 


4,953 


4,317 


7,754 


1,585 


9,339 


18,609 


4,882 


13,727 


Feb. 


5,098 


4,387 


7,604 


1,562 


9,166 


18,651 


4,833 


13,818 


Mar. 


5,064 


4,444 


7,529 


1,539 


9,068 


18,576 


4,735 


13,841 


Apr. 


5,066 


4,502 


7,517 


1,517 


9,034 


18,602 


4,813 


13,789 


May 



residents; for an approximate division between resident and non-resident 
holdings on a quarterly basis and of resident holdings between corporate 
and non-corporate holdings as at year ends see pages 85-86. 
Total Canadian dollar deposits of the chartered banks and the Bank of 
Canada less: (a) Inactive chartered bank notice deposits which consist of 
the estimated aggregate minimum quarterly balances in chartered banks' 
personal savings deposits in Canada plus non-personal notice deposits in 
Canada; (b) Float, i.e. cheques on other banks as shown in chartered bank 



month-end returns to the Minister of Finance; (c) Canadian dollar deposits 
of the Government of Canada at the chartered banks and I thV Bank nf 
Canada (shown in "Related Bank Assets- section?; (d) Canadian dollar 
deposits of the chartered banks at the Bank of Canada v " ,uaui '*" UUUM 
2. See footnote 1 (a). 

3 - SfnfcyCalda&cuS "^ a " d B » k ° f <*» * ° th " "»» G — 

4. See footnote 1 (c). 

5. For estimated quarterly classification of Canadian loans see page 68. 

6. Provincial, Municipal and "Other" securities. 



Net of all related asset and liability items of the chartered banks and Bank 
of Canada which are not shown elsewhere in this table; includes foreign 
currency items and liabilities to shareholders. 

8 Net of sinking fund holdings (except as noted m footnote 16). 

9 Treasury Bills; Deposit Certificates and short-term notes issued directly 
to the Bank of Canada and chartered banks. 

10 Refundable Tax, War Savings Certificates and Canada Savings Bonds. 

11. Adjustment necessary to change value of foreign pay securities from il - 
4 86S U S =4.86} Cdn. to current rates of exchange. Official mid-rates of 
exchange have been used to September 30, 1950 and market rates thereafter. 

12 For detailed breakdown of distribution of Government of Canada debt as 
at year-ends see November 1953 Statistical Summary, pages 187-188. 



13. Including any special banking issues held by the general public. 

14. As shown in "Other Related Bank Assets". Section 1 above. 

15. The whole of the increase or decrease in Canada's foreign exchange 
reserves is embodied in the related factors. To the extent that such 
changes do not appear in Section 1, "Related Bank Assets", under the 
heading "Bank of Canada Gold and Exchange holdings (net)" they 
affect changes in Government of Canada Securities outstanding. 

16. Including 75 of bonds purchased in the New York market during May 1953 
which are held in a sinking fund account. 

N te:— Statistics for earlier years and further information with respect to 

details of compilation are available from the Research Department, 

Bank of Canada, on request. 



103 JUNE 1954 

CHARTERED BANKS: PUBLIC SAVINGS DEPOSITS 

MILLIONS OF DOLLARS MILLIONS OF DOLLARS 



5400 



5200 



5000 



4800 



4600 




5400 



5200 



5000 



4800 



4600 



JUNE JULY AUG SEPT OCT NOV DEC JAN FEB MAR APR MAY JUNE 



YIELDS OF GOVERNMENT BONDS: CANADA, U.S.A. AND U.K. 



PERCENT 

1.5 




1945 



1946 



1947 



1948 



1949 



1950 



1951 



1952 



1953 



1954 



JUNE 1954 



104 



GOVERNMENT BOND YIELDS AND TREASURY BILL RATES 

Bank of Canada 





Government of Canada 






Theoreticals i 






15th of Each Month 




15 Yr. 


9 Yr. 


5Yr. 


2 Yr. 




Bond 


Bond 


Bond 


Bond 


Annual Average 

1947 


2.57 


2.25 


1.75 


1.43 


1948 


2.93 


2.72 


2.27 


1.44 


1949 


2.83 


2.64 


2.24 


1.66 


1950 


2.78 


2.67 


2.22 


1.81 


1951 


3.24 


3.18 


2.69 


2.37 


1952 


3.59 


3.58 


3.22 


2.69 


1953 


3.68 


3.67 


3.56 


3.26 


Monthly 
1953— Apr. 


3.66 


3.56 


3.43 


3.14 


May 


3.69 


3.62 


3.48 


3.21 


June 


3.72 


3.72 


3.54 


3.28 


July 


3.72 


3.71 


3.57 


3.28 


Aug. 


3.73 


3.72 


3.64 


3.36 


Sept. 


3.75 


3.77 


3.65 


3.41 


Oct. 


3.72 


3.75 


3.66 


3.48 


Nov. 


3.67 


3.74 


3.71 


3.44 


Dec. 


3.61 


3.64 


3.61 


3.20 


1954— Jan. 


3.55 


3.57 


3.55 


3.03 


Feb. 


3.44 


3.32 


3.31 


2.70 


Mar. 


3.27 


3.22 


3.16 


2.47 


Apr. 


3.10 


2.99 


2.92 


2.22 


May 


3.06 


2.87 


2.72 


2.22 


June 


3.11 


2.94 


2.77 


2.28 



Long Term 




Market Yields 


Average of Business Days 


Canada 


U.K. 


U.S.A. 


2 


3 


4 


2.59 


2.61 


2.20 


2.93 


2.82 


2.41 


2.85 


2.93 


2.24 


2.77 


3.19 


2.24 


3.21 


3.49 


2.58 


3.54 


4.23 


2.64 


3.66 


3.86 


2.88 


3.62 


3.87 


2.90 


3.64 


3.83 


3.05 


3.70 


3.85 


3.11 


3.72 


3.89 


2.98 


3.73 


3.83 


2.96 


3.73 


3.74 


2.93 


3.70 


3.68 


2.75 


3.65 


3.68 


2.77 


3.61 


3.70 


2.71 


3.53 


3.63 


2.61 


3.43 


3.62 


2.53 


3.22 


3.59 


2.43 


3.04 


3.54 


2.37 


3.01 


3.49 


2.44 


2.99 


3.41 


2.45 



Tender Rates on 3 Month 


Treasury Bills 


Tender nearest 15th of Month 


Canada 


U.K. 


U.S.A. 


.406 


.507 


.592 


.411 


.509 


1.037 


.485 


.521 


1.096 


.552 


.516 


1.215 


.796 


.583 


1.555 


1.076 


2.167 


1.795 


1.688 


2.284 


2.006 


1.528 


2.415 


2.219 


1.530 


2.383 


2.271 


1.699 


2.368 


2.229 


1.759 


2.365 


2.106 


1.795 


2.368 


2.116 


1.911 


2.150 


1.957 


1.929 


2.098 


1.438 


1.904 


2.097 


1.482 


1.877 


2.103 


1.682 


1.883 


2.132 


1.336 


1.741 


2.067 


1.024 


1.612 


2.111 


1.056 


1.56 


2.081 


1.066 


1.59 


1.707 


.813 


1.60 


1.582 


.633 



Payable in Canada only. 2. Government of Canada 3% due 1 Sept., 1961-66. 3. United Kingdom 3% due 15 Apr., 1959-69. 
U.S. Treasury 2)4% due 15 Dec, 1963-68. It was not eligible for commercial banks before Dec. 1, 1952. 



GOVERNMENT BOND YIELDS 1 

Bank of Canada 





1951 


1952 


1953 


1954 




Sept. 28 Dec 31 


Mar. 31 June 30 Sept. 30|Dec. 31 


Mar.3l|june30|Sept.30|Dec. 31 


Mar.3l|june30 


GOVERNMENT OF CANADA 



Internal Issues 
2% due Dec. 15, 1954... 
3% due Nov. 1, 1953/56 
3% due June 1, 1957/60 
3% due Sept. 1, 1961/66 

New York Issues 
3H% due Jan. 15, 1956/61. 
2%% due Sept. 1, 1974.... 
4^% due July 1, 1957 2. . 



2.50 


2.56 


2.61 


2.73 


3.02 


3.12 


3.15 


3.17 


3.37 


2.90 


1.93 


3.05 


3.22 


3.20 


3.28 


3.48 


3.44 


3.37 


3.38 


3.42 


3.39 


2.95 


3.13 


3.40 


3.46 


3.58 


3.74 


3.70 


3.52 


3.66 


3.70 


3.64 


2.92 


3.25 


3.49 


3.51 


3.54 


3.62 


3.59 


3.63 


3.72 


3.74 


3.61 


3.02 


2.66 


2.60 


2.73 


2.58 


2.45 


2.44 


2.51 


3.15 


2.46 


2.23 


1.68 


2.93 


3.06 


3.04 


2.93 


2.98 


3.03 


3.20 


3.31 


3.21 


3.11 


2.83 


2.86 


3.15 


2.70 


2.65 


2.61 


2.77 


3.05 


3.22 


2.90 


2.55 


2.18f 



1.80 

* 

2.53 
2.88 



1.44 
2.86 
1.63 



United States Government 



2H% due Mar. 15, 1956/58 
2V 2 % due Dec. 15, 1963/68 
2V 2 % due Dec. 15, 1967/72 



2.09 


2.19 


2.10 


2.16 


2.43 


2.38 


2.50 


2.68 


2.42 


1.95 


1.35 


2.60 


2.70 


2.67 


2.56 


2.75 


2.72 


2.89 


3.01 


2.75 


2.66 


2.42 


2.62 


2.75 


2.70 


2.63 


2.77 


2.80 


2.94 


3.01 


2.85 


2.74 


2.50 



1.07 
2.41 
2.51 



United Kingdom Government 



2H% due Feb. 

3% due Oct. 
2^2% due May 

3% due Aug. 



15, 1955... 

15, 1955/59 

1, 1964/67 

15, 1965/75 



1.75 


2.42 


3.12 


3.61 


2.96 


2.97 


2.86 


2.61 


2.16 


2.30 


2.25 


2.06 


3.05 


3.42 


3.47 


3.16 


3.08 


2.98 


2.72 


2.12 


2.26 


1.85 


3.35 


3.85 


4.09 


4.36 


4.00 


3.96 


3.73 


3.64 


3.56 


3.46 


3.51 


3.69 


4.15 


4.33 


4.56 


4.19 


4.22 


4.03 


4.02 


3.77 


3.83 


3.76 



1.84 
1.96 
3.11 
3.61 



1. Based on approximate market bid side. 2. Canadian National Railways (Guaranteed by Canada). t Corrected. * Matured. 



105 



Cents per Unit 



FOREIGN EXCHANGE RATES 1 

Bank of Canada 





U.S. Dollar in Canada 


£ Sterling in Canada 


Business 














Days 


High 


Low 


Average 
Noon Rate 


High 


Low 


Average 
Noon Rate 


1948 


100.25 


100.25 


100.25 


403.00 


403.00 


403.00 


1949 


110.25 


100.25 


103.08 


403.00 


308.00 


376.13 


1950 


110.25 


103.25 


108.92 


308.00 


289.25 


304.44 


1951 


107.31 


101.19 


105.28 


300.50 


281.38 


294.68 


1952 


101.13 


95.88 


97.89 


281.25 


266.75 


273.40 


1953 


99.78 


96.75 


98.34 


280.94 


272.38 


276.66 


1953-May 


99.78 


98.66 


99.41 


280.94 


278.06 


279.80 


June 


99.63 


99.16 


99.44 


280.38 


278.88 


279.82 


July 


99.44 


98.94 


99.18 


279.88 


278.56 


279.29 


Aug. 


99.00 


98.69 


98.83 


278.81 


277.50 


278.25 


Sept. 


98.88 


97.78 


98.43 


277.69 


274.00 


275.94 


Oct. 


98.66 


97.75 


98.25 


276.75 


273.88 


275.76 


Nov. 


98.03 


97.38 


97.77 


275.56 


273.88 


274.89 


Dec. 


97.63 


97.00 


97.31 


274.44 


272.63 


273.52 


1954-Jan. 


97.56 


97.03 


97.29 


274.38 


272.88 


273.56 


Feb. 


97.13 


96.34 


96.65 


273.13 


271.13 


271.93 


Mar. 


98.19 


96.47 


97.08 


276.44 


271.50 


273.29 


Apr. 


98.75 


97.66 


98.25 


278.31 


275.06 


276.93 


May 


98.59 


98.06 


98.43 


278.00 


276.44 


277.48 


June 


98.47 


97.78 


98.13 


277.56 


275.63 


276.61 



1. Prior to October 2, 1950, there were official buying and selling rates for the U.S. Dollar and 
Sterling in Canada. The rates used in the table before this date are the mid-rates between official 
buying and selling rates, or the averages thereof. Accordingly the "High" differs from the "Low" only 
in the years when the official rates were changed. Effective October 2, 1950. official rates were discon- 
tinued and rates thereafter are as reported on transactions between banks in the exchange market. 
Commencing with 1950, averages are based on five-day week quotations. 



JUNE 1954 

OFFICIAL HOLDINGS OF 
GOLD AND U.S. DOLLARS 1 

$ mm. U.S. Dept. of Finance 



End 




US 




of 
period 


Gold 


Dollars 


Total 


1948 


401.3 


596.5 


997.8 


1949 


486.4 


630.7 


1.117.1 2 


1950 


580.0 


1,161.5 


1,741.5 


1951 


841.7 


936.9 


1,778.6 


1952 


885.0 


975.2 


1,860.2 


1953 


986.1 


832.4 


1,818.5 


1953-May 


923.0 


838.2 


1,761.2 


June 


934.7 


815.4 


1,750.1 


July 


942.2 


813.5 


1,755.7 


Aug. 


951.0 


813.4 


1,764.4 


Sept. 


959.8 


827.5 


1,787.3 


Oct. 


968.3 


816.2 


1,784.5 


Nov. 


976.4 


830.3 


1,806.7 


Dec. 


986.1 


832.4 


1,818.5 


1954-Jan. 


997.5 


836.6 


1,834.1 


Feb. 


1,007.8 


845.7 


1,853.5 


Mar. 


1,015.7 


811.5 


1,827.2 


Apr. 


1,021.9 


788.6 


1,810.5 


May 


1,027.3 


794.9 


1,822.2 


June 


1,033.7 


829.6 


1,863.3 



Gold and U.S. dollars held by the Exchange Fund 
Account and Bank of Canada and U.S. dollars held by 
other Govt, of Canada Accounts. 

Exclusive of 18.2 set aside out of the proceeds of 
a refunding issue for the purpose of retiring on Feb. 1, 
1950, a security issue guaranteed by the Govt, of 
Canada and payable in U.S. dollars. 



UNITED STATES DOLLAR IN CANADIAN FUNDS 



CANADIAN DOLLARS 



CANADIAN DOLLARS 




1950 



1951 



1952 



1953 



1954 



JUNE 1954 



Millions of Dollars 



106 



CONSUMER CREDIT OUTSTANDING ' 
ESTIMATES OF SELECTED ITEMS 





Charge 
Accounts 

2 


Instalment Credit 


Cash 

Personal 

Loans 

5 


Total of 




Retail 
Dealers 

3 


Finance 
Companies 

4 


Total 


Selected 
Items 


1950 — Mar. 31 
June 30 
Sept. 30 
Dec. 31 


291 
313 
331 
377 


130 
138 
145 
170 


122 

162 
192 
202 


252 
300 
337 
372 


316 
346 
374 
386 


859 

959 

1,042 

1,135 


1951 — Mar. 31 
June 30 
Sept. 30 
Dec. 31 


349 
357 
357 
402 


143 
122 
100 
104 


216 
224 
215 
186 


359 
346 
315 
290 


394 

400 
386 
388 


1,102 
1,103 
1,058 
1,080 


1952 — Mar. 31 
June 30 
Sept. 30 
Dec. 31 


353 
397 
411 
449 


97 
136 
179 
239 


176 
265 
334 
373 


273 
401 
513 
612 


385 
420 
437 
460 


1,011 
1,218 
1,361 
1,521 


1953 — Mar. 31 
June 30 
Sept. 30 
Dec. 31f 


414 
436 

434 
467 


230 
243 
252 

287 


423 

520 

545t 

512 


653 
763 

797t 
799 


479 
526 
547 
569 


1,546 
1,725 

l,778t 
1,835 


1954 — Mar. 31* 


430 


269 


486 


755 


579 


1,764 



SOURCES: Dominion Bureau of Statistics. Department of Finance, Department of Insurance, Department of Agriculture and Bank of Canada. 

1. Estimates of charge accounts and instalment receivables outstanding on the books of retail dealers do not include Newfoundland. 

2. Charge accounts receivable outstanding on the books of retail dealers. 

3. Instalment receivables outstanding on the books of retail dealers. 

4. Instalment paper held by sales finance and acceptance companies in connection with the financing of retail purchases of consumer goods, largely new and 
used automobiles. 

5. Includes estimated personal loans by chartered banks, small loan companies, licensed money lenders and credit unions, 
t Revised. * Preliminary. 



MILLIONS OF DOLLARS 

2100 



1850 



CONSUMER CREDIT OUTSTANDING 
ESTIMATES OF SELECTED ITEMS 
QUARTERLY 



1600 



1350 



1100^ 



























V 








1 1 1 


1 1 1 


1 1 1 


1 1 1 



MILLIONS OF OOLLARS 




1951 



1952 



1954 



1951 



1953 



1954 



107 



Millions of Dollars 



NATIONAL INCOME AND 
GROSS NATIONAL PRODUCT 

Wages, salaries and supplementary labour income 

Military pay and allowances 

Investment income _ 

Net income of unincorporated business: farm 2 

other 3 

Net National Income At Factor Cost 

Indirect taxes less subsidies '. 

Depreciation and similar business costs 4 

Residual error of estimate 

G.N.P. At Market prices. 

G.N. P. less accrued net income of farm operators 

GROSS NATIONAL EXPENDITURE 

Personal expenditure on consumer goods and services 

Government expenditure on goods and services s 

Gross domestic investment 6 : housing 

non-residential construction 

machinery and equipment 

change in inventories: business 1 
other ' . . 
Exports of goods and services, 8 9 

Gross Available Supply 

Less: Imports of goods and services 9 

Residual error of estimate 

G.N.E. At Market Prices 



1951t 



JUNE 1954 JUNE 1954 

NATIONAL ACCOUNTS: QUARTERLYf 1 

DATA NOT SEASONALLY ADJUSTED 

^X \ s/\i Dominion Bureau of Statistics /\ 




2,227 
41 



114 
335 



3,583 

592 
437 
-4 



4,608 

4,494 



2,385 
48 

1,012 
387 
385 



4,217 

578 



-73 



5,190 

4,803 



III 



2,510 
54 

938 
1,380 

389 



5,271 



482 
-16 



6,385 

5,005 



IV 



1952t 



2,594 

58 

826 

191 

398 



4,067 



523 
+41 



5,291 

5,100 



2,556 

60 

805 

135 

310 



3,866 



+10 



5,013 

4,878 



III 



2,629 

67 

985 

129 

400 

4,210 

669 
523 
+22 

5,424 

5,295 



2,769 

69 

1,011 

1,424 

410 

5,683 

704 
542 
-11 

6,918 

5,494 



2,864 

74 

922 

170 

432 



4,462 

723 
574 
+71 



5,830 

5,660 



1953t 



2,781 
70 

864 
30 

342 



534 
+4 

5,321 

5,291 



2,893 
77 

1,021 
106 
441 



III 



2,991 

79 

1,009 

1,323 

431 

5,833 

741 
592 
+59 



7,225 

5,902 



2,996 

83 

850 

190 



4,585 

738 
635 

+57 



6,015 

5,825 



1954* 



2,838 
84 

817 
69 

328 



4,136 

717 
566 
-44 



5,375 

5,306 



Years| 



1951 



9,716 
201 
3,642 
2,072 
1,507 



17,138 


2,478 


1,910 


-52 



21,474 

19,402 



10,818 

270 

3,723 

1,858 

1,552 



18,221 

2,744 
2,128 
+92 



23,185 

21,327 



1953 



11,661 

309 

3,744 

1,649 

1,680 



19,043 

2,908 
2,336 
+63 



24,350 

22,701 



108 



Millions of Dollars 



Four Quarters 
Ending 



March 31, 
1953 



11,043 

280 

3,782 

1,753 

1,584 



18,442 

2,792 
2,173 
4-86 



23,493 

21,740 



3,039 

719 

165 

238 

415 

+475 

-212 

1,024 



3,296 
640 
222 
306 
495 

+608 
-95 

1,209 



3,220 
953 
208 
371 
437 

+242 
+1,005 

1,416 



3,718 
931 
186 
345 
422 
-58 
-345 
1,440 



3,250 

1,078 

126 

303 

438 

-24 

-180 

1,234 



5,863 

1,259 

+4 



6,681 

1,563 
+72 



7,852 

1,484 
+17 



6,639 

1,307 
-41 



6,225 

1,202 
-10 



4,608 



5,190 



6,385 



5,291 



5,013 



3,593 
856 
200 
381 
564 
+12 
-202 
1,409 

6,813 

1,368 
-21 

5,424 



3,495 

1,090 

223 

450 

466 

+ 14 

+1,093 

1,430 



4,065 

1,180 

237 

420 

448 

-90 

-382 

1,500 



3,478 

1,158 

190 

315 

484 

+123 

-244 

1,158 



3,811 

889 

273 

417 

549 

+248 

-259 

1,404 



3,662 

1,207 

302 

530 

482 

+ 124 

+991 

1,484 



4,214 

1,154 

296 

464 

407 

-119 

-292 

1,374 



3,590 
1,103 
209 
317 
■ 440 
+53 
-215 
1,088 



13,273 
3,243 
781 
1,260 
1,769 
+ 1,267 
+353 
5,089 



14,403 
4,204 
786 
1,554 
1,916 
-88 
+329 
5,573 



15,165 
4,408 
1,061 
1,726 
1,922 
+376 
+ 196 
5,420 



14,631 
4,284 
850 
1,566 
1,962 
+59 
+265 
5,497 



8,261 

1,353 
+10 



7,378 

1,477 
-71 



6,662 

1,337 
-4 



7,332 

1,600 
+57 



6,918 



5,321 



5,789 



8,782 

1,498 
-59 

7,225 



7,498 

1,425 
-58 



6,585 

1,253 
+43 



27,035 

5,613 
+52 



28,677 

5,400 
-92 



30,274 

5,860 
-64 



29,114 

5,535 



6,015 



5,375 



21,474 



23,185 



24,350 



GROSS NATIONAL EXPENDITURE IN 
CONSTANT (1949) DOLLARS 

Personal expenditure on consumer goods and services 

Government expenditure on goods and services 5 

Gross domestic investment 6 ; housing 

non-residential construction 

machinery and equipment 

change in inventories: business, 
other 

Exports of goods and services 8 9 

Gross Available Supply 

Less: Imports of goods and services 9 

Residual error of estimate 

G.N.E. At Market Prices 

PERSONAL INCOME AND EXPENDITURE 

Wages, salaries and supplementary labour income 

Less: Social insurance and Government pension fund contributions 

Military pay and allowances 

Net income of unincorporated business H 

Interest, dividends and net rental income of persons 12 

Transfer payments to persons 13 

Personal Income 

Less: Personal direct taxes 14 

Personal Disposable Income 

Expenditure on goods: non-durables 

durables 

Expenditure on services (including net expenditures abroad). 

Personal saving: in farm inventories 

other '. 



2,758 
626 
143 
210 
363 
+215 
-215 
917 



2,907 

553 

185 

262 

419 

+403 

-126 

1,054 



2,769 
803 
171 
309 
364 

+167 
+1,165 

1,212 



3,138 

778 

151 

280 

348 

-120 

-433 

1,223 



2,745 
883 
102 
240 
363 
+6 
-228 
1,046 



3,074 
705 
162 
303 
472 
+59 
-295 
1,220 



2,980 
891 
181 
356 
395 
+46 
hi, 342 
1,264 



3,480 
953 
190 
324 
380 
-67 
-416 
1,333 



5,017 

1,077 
+3 



5,657 

1,281 
+63 



6,960 

1,237 
+14 



5,365 

1,110 
-34 



5,157 

1,041 



5,700 

1,238 
-18 



7,455 

1,252 
+8 



6,177 

1,351 
-59 



3,943 



4,439 



5,737 



4,221 



4,108 



4,444 



6,211 



4,767 



2,973 

921 

152 

239 

408 

+120 

-266 

1,020 

5,567 

1,224 
-3 

4,340 



3,283 
701 
217 
316 

460 
+200 
-306 
1,251 



3,111 
955 
240 
403 
401 
+64 
+1,208 
1,337 



3,583 
902 
236 
351 
337 
-78 
-344 
1,257 



3,035 
845 
166 
235 
366 
+75 

-255 
993 



11,572 
2,760 
650 
1,061 
1,494 
+665 
+391 
4,406 



12,279 
3,432 
635 
1,223 
1,610 
+44 
+403 
4,863 



12,950 
3,479 
845 
1,309 
1,606 
+306 
+292 
4,865 



12,507 
3,470 
685 
1,222 
1,655 
+158 
+365 
4,837 



6,122 

1,445 
+47 

4,724 



7,719 

1,367 



6,244 

1,291 



5,460 

1,143 
+35 



22,999 

4,705 
+46 



24,489 

4,882 
-77 



25,652 

5,327 
-52 



24,899 

5,065 
-72 



6,304 



4,905 



4,352 



18,340 



20,273 



19,762 



2,227 

80 

41 

441 

319 

310 



2,385 

80 

48 

769 

354 

254 



2,510 

85 

54 

1,721 

345 

257 



2,594 

84 

58 

684 

388 

263 



2,556 

87 

60 

420 

374 

392 



2,629 

88 

67 

478 

404 

337 



2,769 



1,776 
379 
347 



2,864 

94 

74 

738 

409 

347 



3,258 
220 



3,730 

304 



4,802 

237 



3,903 

269 



3,715 

313 



3,827 
368 



5,252 

308 



4,338 
334 



3,038 



3,426 



4,565 



3,634 



3,402 



3,459 



4,944 



4,004 



2,781 

94 

70 

336 

401 

441 

3,935 

• 358 

3,577 



2,893 
94 
77 
555 
432 
359 



2,991 

97 

79 

1,718 

433 

359 



101 
83 
687 
423 
368 



2,838 

95 

84 

401 

436 

480 



9,716 
329 
201 
3,615 
1,406 
1,084 



10,818 

357 

270 

3,412 

1,566 

1,423 



11,661 

386 

309 

3,296 

1,689 

1,527 



11,043 
364 
280 
3,328 
1,593 
1,472 



4,222 

416 



5,483 
323 



4,456 
335 



4,144 

345 



15,693 

1,030 



17,132 

1,323 



18,096 
1,432 



17,352 

1,368 



3,806 



5,160 



4,121 



3,799 



14,663 



15,809 



16,664 



15,984 



1,690 

394 

955 

-145 

+ 144 



1,928 
390 
978 
-52 

+182 



1,987 

299 

934 

+1,008 

+337 



2,364 
316 
1,038 
-457 
+373 



1,864 
315 
1,071 
-168 
+320 



2,038 
448 
1,107 
-199 
+65 



2,079 

377 

1,039 

+1,039 

+410 



2,494 
434 
1,137 
-435 
+374 



1,910 
420 
1,148 
-269 
+368 



2,131 
507 
1,173 
-184 
+179 



2,141 
405 
1,116 
+882 
+616 



2,543 
446 
1,225 
-378 
+285 



1,975 
391 
1,224 
-173 
+382 



7,969 
1,399 
3,905 
+354 
+ 1,036 



8,475 
1,574 
4,354 
+237 
+ 1,169 



8,725 

1,778 

4,662 

+51 

+ 1,448 



8,521 
1,679 
4,431 
+136 
+1,217 



For footnotes see pages 109-1 10. 



109 



Millions of Dollars 



JUNE 1954 



JUNE 1954 



NATIONAL ACCOUNTS: QUARTERLYf 1 

SEASONALLY ADJUSTE D AT ANNUAL RATES 15 

Dominion Bute au of Statistics 



NATIONAL INCOME AND 
GROSS NATIONAL PRODUCT 

Wages, salaries and supplementary labour income 

Military pay and allowances 

Investment income 

Net income of unincorporated business: farm 2 

other 3 

Net National Income At Factor Cost 

Indirect taxes less subsidies 

Depreciation and similar business costs 4 ; 

Residual error of estimate 

G.N.P. At Market Prices 

G.N.P. less accrued net income of farm operators 

GROSS NATIONAL EXPENDITURE 

Personal expenditure on consumer goods and services 

Government expenditure on goods and services s 

Gross domestic investment 6 : housing 

non-residential construction 

machinery and equipment 

change in inventories: business 7 . 

other 1 . . . 

Exports of goods and services 8 . 9 

Gross Available Supply 

Less: Imports of goods and services 9 

Residual error of estimate 

G.N.E. At Market Prices 

PERSONAL INCOME AND EXPENDITURE 

Wages, salaries and supplementary labour income 

Less: Social insurance and Government pension contributions 10 

Military pay and allowances 

Net income of unincorporated business J1 

Interest, dividends and net rental income of persons 12 

Transfer payments to persons 13 

Personal Income 

Less: Personal direct taxes 14 

Personal Disposable Income 

Expenditure on goods: non-durables 

durables 

Expenditure on services (including net expenditure abroad) 

Personal saving: in farm inventories 

other 



1951| 



9,180 
164 
3,844 
1,936 
1,604 

16,728 

2,460 
1,832 
-92 

20,928 

18,992 



192 
3,872 
2,632 
1,460 

17,820 

2,332 
1,888 
-92 

21,948 

19,316 



9,844 
216 
3,416 
2,004 
1,476 

16,956 

2,600 
1,924 
-20 

21,460 

19,456 



IV 



10,176 

232 

3,436 

1,716 

1,488 

17,048 

2,520 

1,996 

-4 

21,560 

19,844 



19 52t 



10,536 

240 

3,600 

2,104 

1,488 

17,968 

2,696 
2,048 
+ 120 

22,832 

20,728 



III 



10,624 

268 

3,712 

1,772 

1,528 

17,904 

2,656 
2,108 
+240 

22,908 

21,136 



10,860 

276 

3,704 

1,740 

1,580 



18,160 

2,824 
2,168 
+44 



23,196 

21,456 



IV 



11,252 

296 

3,876 

1,816 

1,612 



18,852 

2,800 

2,188 

-36 



23,804 

21,988 



1953t 



11,408 

280 

3,888 

1,672 

1,636 

18,884 

2,844 
2,236 
+204 

24,168 

22,496 



11,672 

308 

3,856 

1,404 

1,680 



18,920 

2,940 
2,320 



24,096 

22,692 



III 



11,728 

316 

3,688 

1,668 

1,668 



19,068 

2,984 
2,368 
+ 196 



24,616 

22,948 



IV 



11,836 

332 

3,544 

1,852 

1,736 



19,300 

2,864 

2,420 

-64 



24,520 

22,668 



1954* 



11,700 

336 

3,624 

1,624 " 

1,572 



18,856 

2,924 

2,372 

+4 



24,156 '« 

22,532 



1951f 



9,716 
201 
3,642 
2,072 
1,507 



17,138 

2,478 
1,910 
-52 



21,474 

19,402 



110 



Millions of Dollars 



1952f 



10,818 

270 

3,723 

1,858 

1,552 



18,221 

2,744 
2,128 
+92 



23,185 

21,327 



13,100 
2,688 
864 
1,188 
1,700 
+1,672 
+492 
4,704 

26,408 

5,572 
+92 

20,928 



13,344 
3,060 
792 
1,244 
1,744 
+2,124 
+656 
4,824 

27,788 

5,928 
+88 

21,948 



13,284 
3,628 
744 
1,300 
1,800 
+1,012 
+184 
5,404 

27,356 

5,916 
+20 

21,460 



13,364 
3,596 
724 
1,308 
1,832 
+260 
+80 
5,424 

26,588 

5,036 
+8 



14,000 
4,148 
668 
1,504 
1,800 
-312 
+660 
5,648 



28,116 

5,160 
-124 



21,560 



22,832 



14,260 
4,140 
728 
1,516 
1,936 
-252 
+428 
5,576 

28,332 

5,184 
-240 

22,908 



14,532 
4,132 
812 
1,576 
1,956 
+84 
+108 
5,484 



14,820 
4,396 
936 
1,620 
1,972 
+128 
+ 120 
5,584 



14,996 
4,460 
1,020 
1,588 
2,028 
+304 
+404 
5,316 



15,080 
4,320 
1,000 
1,660 
1,832 
+676 
-64 
5,564 



15,192 
4,568 
1,044 
1,864 
2,044 
+492 
-20 
5,648 



15,392 
4,284 
1,180 
1,792 
1,784 
+32 
+464 
5,152 



15,440 
4,268 
1,104 
1,584 
1,804 
+24 
+332 
5,016 



13,273 
3,243 
781 
1,260 
1,769 
+ 1,267 
+353 
5,089 



28,684 

5,444 
-44 



29,576 

5,812 
+40 



30,116 

5,740 
-208 



30,068 

6,056 
+84 



30,832 

6,020 
-196 



30,080 

5,624 
+64 



29,572 

5,408 



27,035 

5,613 
+52 



23,196 



23,804 



24,168 



24,096 



24,616 



24,520 



24,156 



21,474 



9,180 
312 
164 
3,448 
1,328 
1,060 

14,868 

908 

13,960 

7,672 
1,672 
3,756 
+444 
+416 



328 

192 

4,156 

1,372 

1,068 

16,124 



15,132 

7,932 
1,564 
3,848 
+480 
+1,308 



9,844 
340 
216 
3,292 
1,428 
1,076 

15,516 

1,068 

14,448 



1,236 
3,952 
+532 
+632 



10,176 

336 

232 

3,564 

1,496 

1,132 

16,264 

1,152 

15,112 

8,176 

1,124 

4,064 

-40 

+1,788 



10,536 

340 

240 

3,432 

1,584 

1,336 

16,788 

1,244 



15,544 



8,360 
1,412 
4,228 
+380 
+1,164 



10,624 

360 

268 

3,172 

1,556 

1,416 

16,676 

1,292 

15,384 

8,364 

1,536 

4,360 

+92 

+1,032 



10,860 

352 

276 

3,092 

1,560 

1,456 

16,892 

1,364 

15,528 

8,532 
1,624 
4,376 
+232 
+764 



11,252 
376 
296 
3,952 
1,564 
1,484 



11,408 

368 

280 

3,104 

1,648 

1,504 



11,672 
384 
308 
3,196 
1,668 
1,512 



11,728 

388 

316 

3,196 

1,788 

1,508 



11,836 

404 

332 

3,688 

1,652 

1,584 



11,700 

372 

336 

3,148 

1,808 

1,640 



9,716 
329 
201 
3,615 
1,406 
1,084 



18,172 

1,392 



16,780 



17,576 

1,432 

16,144 



17,972 

1,428 



18,148 

1,440 



18,688 

1,428 



18,260 

1,432 



15,693 

1,030 



8,644 
1,724 
4,452 
+244 
+ 1,716 



. 8,584 

1,872 

4,540 

-16 

+ 1,164 



16,544 

8,744 
1,720 
4,616 
-108 
+1,572 



16,708 



17,260 



16,828 



14,663 



8,752 
1,756 
4,684 
-124 
+1,640 



8,820 
1,764 
4,808 
+452 
+ 1,416 



8,852 
1,740 
4,848 
+176 
+ 1,212 



7,969 
1,399 
3.905 
+354 
+ 1,036 



14,403 
4,204 



1,554 
1,916 



+329 
5,573 



28,677 

5,400 
-92 



23,185 



10,818 

357 

270 

3,412 

1,566 

1,423 



17,132 

1,323 



15,809 



8,475 
1,574 
4.354 
+237 
+ 1,169 



t Revised. 

1. Quarterly figures are available back to the beginning of 1947. The sources 
are the D.B.S. publications: "National Accounts, Income and Expendi- 
ture, By Quarters, 1947-1952" and "National Accounts, Income and 
Expenditure. First Quarter, 1954". 

2. Accrued net income of farm operators from farm production. This item 
includes the undistributed earnings of the Canadian Wheat Board, and 
an inventory valuation adjustment for grain held by the Board. 

3. Includes net income of independent professional practitioners. 

4. Includes an estimate of capital outlay charged to current account, the 
claim portion of fire-insurance premiums, and bad debt allowances. 



5. Includes expenditure by Federal, Provincial and Municipal governments. 
Capital^ expenditure by government bodies other than public business 
enterprises, changes in inventories of government commodity agencies 
and the Defence Production Revolving Fund are included in this item. 
However, shipments under NATO of previously produced military 
equipment are excluded but expenditure for the replacement of new 
equipment is included. 

6. Includes capital expenditure by government business enterprises. 

7 * Ch ^ n 8e in business inventories is the change in the book value. Change 
in "other inventories" is the value of the physical change in grain in 
commercial channels and inventories on farms. 

8. Excludes exports financed by Government of Canada expenditure on 
Mutual Aid and foreign relief. 



9. Minor adjustments have been made by D.B.S. to the figures of current 
receipts and payments as shown in the Canadian Balance ol Inter- 
national Payments" to achieve consistency with National Accounts 
concepts. , , ^ .. .. 

10. Includes both employer and employee contributions. 

11. This item differs from the corresponding component of G.N P. in that 
it excludes undistributed earnings (and inventory valuation adjustment; 
of the Canadian Wheat Board. 

12. Includes all government debt interest paid to persons. 

13. Includes transfer payments made by governments (except interest paid 
on transfer portion of the public debt), charitable donations from cor 
porations and net bad debt losses of the corporations. In the G.N .P. 
account the latter are included in the item "Depreciation and Similar 
Business Costs" and amounted to an average of 7 (unadjusted) and 27 
(adjusted at annual rates) per quarter over the last 8 quarters. 



14. Includes succession duties and miscellaneous taxes as well as personal 
income taxes. 

15. Note on Seasonal Adjustment: 

Except in the case of crop production seasonal adjustments are based on 
normal seasonal patterns, and the effects of abnormal seasonal influences, as 
well as of all non-seasonal influences, are left in the seasonally-adjusted figures. 
In the case of crop production the annual value is divided equally between the 
four quarters of the calendar year. 

For further information see the D.B.S. publications named in footnote 1. 

16. Based in part on the assumption that the yields for the 1954 grain crop 
will equal the average of the last 10 years. This assumption accounts for 
200 (at annual rates) of the decline in accrued net farm income from the 
fourth quarter to the first. 

* Preliminary. 



Ill 










JUNE 1954 JUNE 1954 . 

SELECTED AGRICULTURAL STATISTICS 1 : QUARTERLY 

Department of Agriculture, Board of Grain Co mmissioners and Dominion Bureau of Statistics 














112 




PRODUCTION 




Livestock 


Field Crops 


Dairying 


Eggs 
6 


D.B.S 




Inspected Slaughterings 


Exports 


Wheat 
Mm. acres Mm. bus. 


Oats Oats 


Barley 


Other Grains 
2 


Butter 

3 


Cheddar 
Cheese 


Concentrated 

Milk 

Products 

4 


Total 
Milkt 

5 


Index of 




Cattle 

and 

Calves 


Hogs 


Sheep 

and 

Lambs 


Total 


Cattle, Bacon and 
Calves Beef Ham 
and Veal 

(Dressed Weight) 


Physical 
Volume of 
Agricultural 
Production 


1950— IV 


492 


1,231 

4,405 

1,105 

1,092 

866 

1,424 


246 
521 

60 

31 
137 
210 

439 

62 
52 

146 

253 

513 

77 

36 

185 

244 

543 

86f 

44 


1,969 

6,984 

1,525 
1,679 
1.435 
2,021 

6,660 

1,831 
2,109 
1,836 
2,777 


74 

259 

39 
66 
50 
35 

190 

8 
18 
29 
18 

73 

10 
13 
22 
11 

56 

19 


17 

79 

3 
1 
1 

1 

6 

1 

1 
1 
1 

4 

1 
2 
3 

1 

7 
2 








7 
8 
8 
9 




2 
2 
2 

2 




55 


15 


of pounds 
67 


3,075 


Thous. of cases 

1,020 

5,010 

1,267 

1,293 

939 

1,206 

4,705 

1,600 
1,541 
1,048 
1,242 


1935-30 = 100 


Yearly Total 

1951 — I 
II 
III 

IV 


2,058 

360 
555 
432 
386 


27 


462 


12 420 


171 


92 


304t 

31f 
98 
112 

58 


98 

5 
28 

40 
15 


382 

55 

156 
149 

76 


15,332 

2,502 
4,608 
4,933 
3,198 

15,310 

2,578 
4,748 
5,009 
3,328 

15,735 

2,789 
5,004 
5,110 
3,448 

16,425 

2,899 


134.S?t 


Yearly Total 

1952 — I 

II 

III 

"IV 


1,734 

317 
526 
457 
505 


4,488 

1,452 
1,530 
1,233 
2,019 

6,234 

1,306 

1,186 

856 

1,167 

4,516 

l,152f 
1,082 


25 


"553 


12 488 


245 


87 


300f 

33f 
105 
117 

63 


89 

4 
23 

28 
12 


436 

61 
172 
161 

77 


151.2Vf 


Yearly Total 

1953 — I 
II 
III 

IV 


1,805 

459 

598 
572 
586 


8,553 

1,843 
1,821 
1,614 
1,997 


26 


688 


11 467 


291 


86 


319f 

38f 
114 
121 

64 


67 

6t 
25 
28 
13 


472 

62 
158 
138 

80 


5,431 

1,428 
1,467 
1,069 
1,263 


165. 2t 


Yearly Total 

1954 — I 
II* 


2,216 

570f 
656 


7,275 

l,808f 
1,782 


26 


614 


10 407 


262 


86 


338f 
41 


rat 

6 


439 
68 


5,226* 

1,548 
1,580 


155.0 



PRICES 8 



D.B.S. Index 

of Farm Prices 

of Agricultural 

Products 



Wholesale Prices 



Wheat io 
(No. 1 Northern) 



Steers 

(Good up to 1000 

lbs., Toronto) 



Hogs 

(Grade Bl 

Dressed, Toronto) 



Butter 
12 



Cheddar 
Cheese 



FARM CASH AND NET INCOME FROM SALE OF FARM PRODUCTS 



By Products 



Field 
Crops 



Participation 

and 
Equalization 
Payments'* 



Livestock 



Dairy 

Products, 

Poultry and 

Eggs 



All 
Other 



Total 

Cash 

Income 



By Regions 



Maritimes 



Quebec 

and 
Ontario 



Western 
Provinces 



Total Cash 

Income 
(Incl. certain 
Govt. Pay'ts.) 15 



Total 

Net 
Income 



1935-39 = 100 



Cents per bushel 



Dollars per cwl. 



Cents per pound 



Millions of Dollars 



1950— IV 
Yearly Total 

1951 — I 

II 
III 
IV 

Yearly Total 

1952 — I 

II 
III 
IV 

Yearly Total 

1953 — I 

II 
III 

IV 

Yearly Total 

1954 — I 

II* 



265.1 

260.8 

284.7 
295.3 
307.0 
300.3 

296.8 



273.8 
270.8 
257.3 

274.5 

260. 4f 
254.7f 
243. 9t 

231. 4f 

247. 6t 
233.2 



188.8 

195.7 

189.0 
191.5 
190.3 
187.3 

189.5 

180.2 
176.7 
173.4 
174.7 

176.2 

175.8 
178.3 
193.3 
191.2 

184.7 

184.0 
179.7 



195.5 

207.6 

211.5 
229.7 
236.9 
242.2 

230.1 

237.4 
223.6 
215.4 
223.6 

225.0 

218.7 
210.8 
202.3 
191.2 

205.7 

184.0 
179.7 



27.23 

24.74 

30.80 
33.12 
33.67 
33.84 

32.60 

29.12 
25.03 
25.80 
23.14 

25.15 

22.08 
19.62 
19.27 
18.90 

20.28 

17.97 
19.01 



29.03 

28.98 

33.30 
34.34 
35.53 
29.03 

32.85 

26.41 
25.60 
25.60 
25.60 

25.70 

26.21 
30.62 
33.81 
32.60 

30.40 

34.71 
35.37 



56.4 

56.2 

64.0 
61.6 
63.0 
64.5 



63.3 

66.5 
58.5 
57.3 
61.0 

60.8 

62.7 
58.1 
57.5 
60.2 

59.6 

61.0 
57.9 



36.0 

32.1 

37.9 
36.0 
36.4 
36.1 

36.6 

36.1 
30.2 
29.7 
30.4 

31.6 

31.4 
29.6 
28.1 
31.9 

30.3 

32.5 
30.1 



269 



43 



709 

114 
140 
218 
335t 

807t 

195t 
243t 
306 
370t 

l,114t 

216t 
200 
365 
323* 

1,103* 

142* 



50 

18 

165 

1 

129 



313 

49 
15 

1 
159 



223 



73 
9 



172 
28 



239 



820 

215 
241 
206 
235 



156 
169 
151 

206f 

682f 

158t 
156 
155 
174* 

641* 

164* 



128 



501 

102 
161 
184 
191t 

638f 

123t 
148t 
167 
206f 

645t 

127f 
165 
179 
200* 

671* 

139* 



133 

32 
50 
21 
60t 

163t 

33t 
52f 
20 
58 

162 

32t 

46 

20 

55* 

154* 
31* 



Exclude Newfoundland. 

Buckwheat, mixed grains and shelled corn. 

Creamery, dairy and whey butter. 

Whole milk products and milk by-products. 

Total milk production by quarters does not include the milk equivalent 

of factory cheese other than cheddar included in the annual totals. 

Registered egg station gradings. 



727 



2,213 

481 
757 
629 
949t 

2,816t 

556t 
626t 
645 



2,827f 

536f 
639 
726 
840* 

2,741* 

504* 



32 



103 

26 
29 
25 

41t 

121t 

27t 
28f 
23 

47t 

124f 

26f 

23 

21 

40* 

109* 
23* 



272 



1,035 

269 

308 
312 
334t 

l,224f 

266 

263f 

283 

319f 

l,132t 

255t 
253 
279 
292* 

1,080* 

259* 



422 



1,075 

186 

420 
292 
574t 

l,471f 

262t 
335f 
340 
634t 

l,571t 

255 
363 
427 
508* 

1,552* 

222* 



758 
630 
950t 

2,827f 

558f 

627f 

647 

l,000t 

2,832t 

537t 
639 
726 
840* 

2,743* 

506* 



1,448 



,154t 



l,901t 



1,657* 



7. Allowances made for the low quality of the 1950 and 1951 western grain 
crop. 

8. Prices are quarterly and annual averages. 

9. Subject to upward revision when final western wheat, oats and barley 
prices are available for 1953-54 crop year. 

10. Basis in store Fort William-Port Arthur. 



11. Up to July 31. 1953 excludes 6 cents carrying charges, after that date 
carrying charges are included in the price quoted. 

12. No. 1 pasteurized, current receipts, price delivered. 

13. Ontario coloured, current receipts, price f.o.b. factory. 

14. Wheat participation and adjustment payments, oats and barley equali- 
zation payments and flax-seed adjustment payments. The wheat parti- 



cipation and adjustment payments for the years 1950, 1951, 1952 and 1953 
amounted to 8. 271, 166 and 125 respectively. 

15. Payments under the Prairie Farm Assistance Act. 

16. Net Income is Cash Income plus income in kind plus increase in inven- 
tories on the farm less farm operating costs. 

t Revised. 
» Preliminary. 



113 



JUNE 1954 



PRICE INDEXES 

"Prices and Price Indexes", Dominion Bureau of Statistics 
WHOLESALE PRICES CONSUMER PRICES 2 

Index 1935-39 = 100 Index 1949 = 100 





Total 
Index 

(Mid- 
Month) 


Raw and 
Partly 
Manu- 
factured 


Fully & 
Chiefly 
Manu- 
factured 


FARM PRODUCTS l 


Total 
Index 

(1st of 

Month) 


Food 


Shelter 


Clothing 


Household 
Operation 


Other 
Com- 




Field 


Animal 


Total 


& Services 




100 


32 


IS 


11 


17 


25 


Average of Months 

1929 


124.6 


126.1 


123.7 


137.2 


144.4 


140.8 


75.8 


* 


* 


* 


* 


* 


1933 


87.4 


79.3 


93.3 


69.3 


69.2 


69.3 


58.8 


* 


* 


* 


* 


* 


1937 


107.7 


113.7 


104.4 


128.9 


106.0 


117.4 


63.0 


* 


* 


* 


* 


* 


1946 


138.9 


140.1 


138.0 


177.9 


181.2 


179.5 


77.5 


* 


* 


* 


* 


* 


1950 


211.2 


212.8 


211.0 


191.9 


281.4 


236.7 


102.9 


102.6 


106.2 


99.7 


102.4 


103.1 


1951 


240.2 


237.9 


242.4 


200.4 


336.9 


268.6 


113.7 


117.0 


114.4 


109.8 


113.1 


111.5 


1952 


226.0 


218.7 


230.7 


223.0 


277.5 


250.2 


116.5 


116.8 


120.2 


111.8 


116.2 


116.0 


1953 


220.7 


207.0 


228.8 


175.1 


263.8 


219.5 


115.5 


112.6 


123.6 


110.1 


117.0 


115.8 


Monthly 
1953— Mar. 


221.9 


209.9 


229.2 


191.9 


264.3 


228.1 


114.8 


111.6 


122.5 


109.7 


116.7 


115.2 


Apr. 


219.5 


205.6 


227.8 


187.6 


255.8 


221.7 


114.6 


110.9 


122.7 


109.7 


116.9 


115.0 


May 


220.0 


206.4 


228.2 


185.2 


263.2 


224.2 


114.4 


110.1 


122.9 


110.1 


116.6 


115.1 


June 


221.5 


207.2 


230.2 


184.5 


268.7 


226.6 


114.9 


111.4 


123.6 


110.1 


116.6 


115.1 


July 


221.0 


207.2 


229.3 


187.7 


265.3 


226.5 


115.4 


112.7 


123.9 


110.3 


117.0 


115.2 


Aug. 


222.2 


210.1 


229.7 


157.2 


269.9 


213.6 


115.7 


112.8 


124.1 


110.4 


117.2 


115.8 


Sept. 


221.2 


207.1 


229.8 


154.0 


263.7 


208.9 


116.2 


114.0 


124.2 


110.4 


117.4 


115.9 


Oct. 


220.4 


205.0 


228.8 


151.7 


265.3 


208.5 


116.7 


115.5 


124.5 


110.3 


117.5 


116.0 


Nov. 


218.7 


203.3 


228.0 


151.7 


258.0 


204.9 


116.2 


113.4 


125.0 


110.3 


117.4 


116.3 


Dec. 


219.0 


204.4 


227.6 


151.9 


261.6 


206.8 


115.8 


112.1 


125.2 


110.2 


117.4 


116.3 


1954— Jan. 


219.8 


206.5 


227.8 


152.5 


266.3 


209.4 


115.7 


111.6 


125.4 


110.1 


117.5 


116.4 


Feb. 


219.0 


205.1 


227.3 


152.9 


264.7 


208.8 


115.7 


111.7 


125.4 


110.0 


117.5 


116.5 


Mar. 


218.6 


204.3 


226.9 


151.3 


262.0 


206.7 


115.5 


110.7 


125.6 


109.8 


117.6 


116.6 


Apr. 


217.9 


205.7 


225.1 


150.6 


260.4 


205.5 


115.6 


110.4 


125.6 


109.9 


118.1 


117.2 


May 


218.2 


207.5 


224.5 


151.2 


268.0 


209.6 


115.5 


110.2 


125.8 


109.9 


117.3 


117.5 


June 














116.1 


112.0 


126.4 


109.7 


117.1 


117.5 



An independent series with different weighting and different prices from 
those included in the "Total Index". Prices include subsidies. Prices used 
for western wheat, oats and barley are initial payments to farmers plus 
retroactive revisions to include participation payments as these are an- 
nounced. 



Components were selected and weighted on the basis of 1948 urban family 
incomes ranging from $1,650 to $4,050 with incomes between $2,000 and 
$3,000 most common. The Consumer Price Index prior to 1949 is the 
Cost-of-Living Index inclusive of all tobacco taxes linked to the Consumer 
Price Index 1949 = 100. 
Not available. 



EMPLOYMENT AND LABOUR INCOME 

"Employment and Payrolls", "Man-Hours and Hourly Earnings" and "Estimates of Labour Income", Dominion Bureau of Statistics 





EMPLOYMENT INDEXES 1. 2 


AVERAGE HOURS WORKED i. 3 


AVERAGE HOURLY 




















EARNINGS l. 


3.4 


























Monthly 




TRIAL 


Manu- 


Con- 


Mining 


Manu- 


Con- 


Mining 


Manu- 


Con- 




Labour 




Composite 


facturing 


struction 




facturing 


struction 




facturing 


struction 


Mining 


Income 

4.5 






Index li 


49 = 100 




Hours per week 


Cents 


Millions $ 


Monthly Average 
























1946 


88.2 


91.0 


69.5 


86.9 


42.7 


38.4 


43.2 


70.0 


76.9 


87.3 


444 


1947 


95.7 


97.2 


85.6 


88.6 


42.5 


39.3 


42.2 


80.3 


84.6 


98.0 


518 


1948 


99.7 


100.1 


95.4 


97.2 


42.2 


39.2 


42.6 


91.3 


94.1 


111.1 


597 


1950 


101.5 


100.9 


102.4 


105.5 


42.3 


39.9 


43.0 


103.6 


105.6 


121.4 


693 


1951 


108.8 


108.0 


110.2 


110.6 


41.8 


40.3 


43.1 


116.8 


117.6 


133.4 


806 


1952 


111.6 


109.3 


122.5 


116.8 


41.5 


41.7 


42.7 


129.2 


130.8 


147.1 


895 


1953 


113.4 


113.3 


118.6 


111.7 


41.3 


41.6 


42.7 


135.8 


143.7 


153.8 


971 


First of Month 
























1953— Feb. 


110.3 


111.9 


101.9 


114.4 


41.9 


41.6 


43.0 


134.2 


142.3 


153.3 


920 


Mar. 


110.0 


112.7 


93.7 


113.4 


42.1 


42.3 


42.1 


134.4 


144.4 


152.9 


924 


Apr. 


110.0 


112.9 


95.9 


111.9 


42.1 


41.5 


41.8 


134.9 


145.6 


152.6 


949 


May 


110.9 


113.1 


108.5 


111.9 


41.8 


41.0 


42.4 


135.5 


144.3 


153.7 


969 


June 


112.4 


113.4 


119.0 


112.1 


41.7 


42.3 


43.1 


135.9 


142.9 


153.1 


979 


July 


114.9 


114.7 


127.5 


113.7 


41.3 


42.4 


42.9 


136.2 


141.9 


153.0 


986 


Aug. 


115.6 


114.4 


135.4 


114.7 


41.0 


43.0 


42.8 


136.0 


142.5 


152.7 


993 


Sept. 


116.6 


115.6 


139.6 


112.3 


41.0 


43.3 


43.0 


135.7 


143.0 


153.4 


1,012 


Oct. 


116.9 


115.2 


135.8 


108.8 


41.5 


43.4 


43.2 


136.6 


146.6 


154.8 


1,009 


Nov. 


115.9 


113.1 


131.5 


107.8 


41.4 


42.4 


43.0 


137.4 


146.5 


155.9 


995 


Dec. 


114.1 


110.9 


122.7 


105.1 


41.2 


41.6 


43.9 


138.4 


147.3 


157.3 


989 


1954— Jan. 


109.9 


108.0 


105.5 


103.6 


38.5 


35.1 


40.5 


140.4 


148.2 


158.3 


941 


Feb. 


107.0 


108.3 


91.7 


105.9 


40.7 


39.7 


42.6 


140.4 


151.5 


158.3 


947 


Mar. 


106.6 


108.3 


89.5f 


108.5f 


41.lt 


41.6t 


42.4 


140.6t 


151.6t 


157.5 


941 


Apr. 


105.6f 


107.9f 


89.2 


106.9 


40.9 


40.4 


42.1 


141.1 


152.9 


157.2 




May* 


106.2 


107.9 





















As reported by employers usually having 15 or more employees. Dated 

first of month and covering the last pay period in the previous month. 

Include Newfoundland commencing in 1950. 

Coverage, including salaried and part-time workers, at Apr. 1. 1954 was 

Industrial Composite 2.370,962; Manufacturing 1,121,345; Construction 

179,019; Mining 95,995. 

Include hourly rated wage earners only. 



4. Gross earnings before deductions for taxes, unemployment insurance, etc. 

5. Wages and salaries and includes bonuses and commissions, food, clothing, 
shelter and contributions to insurance, pensions, etc. provided by employer. 
Includes Newfoundland commencing in 1949. 

* Preliminary. 
t Revised. 



JUNE 1954 



Estimates in Thousands 



114 



LABOUR FORCE STATUS OF THE POPULATION i 

"The Labour Force", Dominion Bureau of Statistics, Department of National Defence 







At work 


At work less than 


With jobs but 








Total 








35 hours or more 


35 HOURS 


not at 


WORK 


Without 


Total 


Not in 
Labour 
Force 


Civilian 

NON- 




In Week 
Ending 


Agri- 
culture 


Non- 
Agri- 
culture 


Usually 

work 
less than 
35 hrs. 


Usually work 
35 hrs. or more 

Lay off _.. 
and 0' her 
short reasons 


Lay-off 


Other 
reasons 


jobs 

AND 

SEEKING 
WORK 


Civilian 
Labour 
Force 


TIONAL 

Popula- 
tion 14 

YEARS OF 

AGE AND 

OVER 


Armed 
Forces 












time 


2 


3 


4 


5 












22 


724 


3,934 




19 


107 


113 


5,262 


4,660 


9,922 




1952— Nov. 




365 


100 


Dec. 


13 

24 


701 

687 


3,834 
3,836 




458 


26 

48 


100 
121 


131 
187 


5,250 
5,200 


4,685 
4,764 


9,935 

9,964 


100 


1953— Jan. 


198 


45 


78 


103 


Feb. 


21 


680 


3,838 


196 


41 


84 


52 


124 


179 


5,194 


4,786 


9,980 


104 


Mar. 


21 


719 


3,815 


195 


41 


89 


39 


122 


172 


5,192 


4,794 


9,986 


104 


Apr. 


18 


766 


3,879 


192 


30 


74 


27 


108 


165 


5,241 


4,761 


10,002 


105 


May 


16 


821 


3,899 


211 


32 


145 2 


11 


88 


114 


5,321 


4,685 


10,006 


105 


June 


20 


838 


4,050 


195 


28 


61 


10 


115 


90 


5,387 


4,633 


10,020 


105 


July 


18 


927 


3,880 


184 


28 


63 


13 


330 


90 


5,515 


4,522 


10,037 


105 


Aug. 


22 


908 


3,912 


168 


33 


72 


17 


305 


92 


5,507 


4,550 


10,057 


106 


Sept. 


19 


847 


4,049 


169 


35 


75 


13 


126 


84 


5,398 


4,682 


10,080 


106 


Oct. 


24 


776 


4,054 


182 


46 


58 


14 


110 


111 


5,351 


4,744 


10.095 


107 


Nov. 


21 


733 


3,981 


194 


60 


68 


27 


102 


151 


5,316 


4,791 


10,107 


107 


Dec. 


12 


702 


3,848 


186 


65 


1712 


26 


87 


190 


5,275 


4,840 


10,115 


107 


1954— Jan. 


23 


681 


3,784 


186 


65 


107 


24 


115 


280 


5,242 


4,887 


10,129 


110 


Feb. 


20 


700 


3,742 


194 


65 


95 


23 


99 


312 


5,230 


4,909 


10,139 


111 


Mar. 


20 


723 


3,736 


193 


71 


82 


21 


92 


318 


5,236 


4,912 


10,148 


113 


Apr. 


17 


752 


2,1386 


203 


66 


1 ,686 6 


20 


89 


303 


5,257 


4,901 


10,158 


113 


May 


22? 


838 


3,891 


223 


51 


77 


10 


85 


217 


5,392 


4,842 


10,234 1 


114 



1. Estimates based on a sample of about 30,000 households and therefore 
subject to sampling error which is relatively larger the smaller the estimate. 

2. Principal reasons are bad weather, illness, vacations and. at Christmas and 
Easter, observance of religious holidays. 

3. Includes only those who had definite instructions to return to their jobs 
within 30 days of date on which lay-off began. 

4. Principal reasons are illness and vacations. 



5. Includes persons who. though having jobs, did not work but sought work 
and those who would have sought work but were temporarily ill, on in- 
definite or prolonged lay-off, or believed no work was available. 

6. The unusually small number working 35 hours or more and the unusually 
large number working less than 35 hours was due to Good Friday being 
in the survey week. 

7. In May 1954, the coverage of the survey was increased to include represen- 
tation for some of the remote areas not previously covered. 



1935-39 = 100 



VOLUME OF INDUSTRIAL PRODUCTION 
INDEXES NOT SEASONALLY ADJUSTED 

"Canadian Statistical Review" , Dominion Bureau of Statistics 





Total 


Mining 




Manufacturing 




Electricity 

and 

Manufactured 




Total 


Non- 


Durables 










Durables 




Gas 


Weighting 


100.0 


16.8 


75.6 


46.1 


29.5 


7.6 


Annual Average 














1935 


85.6 


79.5 


86.5 


89.0 


82.7 


90.4 


1937 


108.0 


103.8 


109.3 


106.7 


113.2 


105.1 


1939 


109.7 


118.0 


108.1 


108.2 


107.9 


107.5 


1945 


187.2 


100.9 


209.8 


176.3 


262.1 


152.1 


1947 


187.8 


106.2 


207.7 


191.2 


233.5 


169.3 


1949 


199.6 


131.7 


217.0 


198.2 


246.3 


176.1 


1950 


211.5 


145.4 


228.1 


208.3 


259.1 


190.9 


1951 


226.5 


161.8 


242.1 


214.0 


285.9 


214.2 


1952 


232.9 


174.7 


246.3 


215.2 


294.8 


228.8 


1953 


248.4 


185.8 


262.9 


224.1 


323.6 


241.9 


Monthly 














1953— Mar. 


246.8 


160.2 


265.6 


221.8 


334.1 


251.0 


Apr. 


254.5 


175.5 


270.8 


227.8 


337.9 


266.3 


May 


254.7 


180.4 


271.6 


230.3 


336.3 


250.0 


June 


257.5 


196.3 


273.3 


231.9 


338.1 


235.7 


July 


247.0 


206.5 


258.3 


219.5 


319.2 


223.4 


Aug. 


248.5 


201.1 


262.0 


230.5 


311.3 


218.4 


Sept. 


257.0 


212.2 


269.9 


235.1 


324.5 


226.7 


Oct. 


254.3 


200.0 


268.0 


232.5 


323.7 


237.7 


Nov. 


250.5 


194.1 


263.6 


230.7 


315.1 


244.4 


Dec. 


235.3 


176.0 


247.2 


210.8 


304.0 


248.0 


1954— Jan. 


228.9* 


171.4 


239.9* 


202.0* 


299.3* 


246.0 


Feb. 


239.0* 


181.5 


250.6* 


212.8* 


309.7* 


250.6 


Mar. 


237.7* 


172.4* 


250.8* 


216.2* 


305.0* 


250.6 


Apr. 


242.9* 


184.5* 


253.8* 


219.4* 


307.5* 


262.7 



* Preliminary. 



115 



JUNE 1954 



Thousands of Units 



NEW PASSENGER AUTOMOBILE STATISTICS 





Canadian Passenger 


Imports 


of New Passenger 




Domestic Retail 








Automobiles 


Automobiles 2 


Total 

Domestic 

Supply 


Sales 


Apparent 


Total 




















Change 

in 
Stocks 

5 


Regis- 
trations 
(New and 

Used) 




Produc- 
tion 


Less: 
Exports 


Available 

for 
Domestic 
Market 


From 
U.S.A. 


From 
U.K. and 
all other 


Total 
Imports 


Total 


% 
Financed 

3 


Annual Totals 
























1939 


108.4 


38.5 


69.8 


15.6 


.4 


16.1 


85.9 


90.1 


41.4* 


-4.2 


1,190.0 


1946 


91.9 


23.5 


68.4 


18.1 


.6 


18.6 


87.1 


77.7 


14.3 


+9.3 


1,234.0 


1947 


167.4 


41.6 


125.9 


33.6 


1.9 


35.5 


161.4 


159.2 


17.2 


+2.2 


1,370.2 


1948 


167.8 


27.3 


140.5 


2.8 


14.2 


17.0 


157.5 


145.7 


20.5 


+ 11.9 


1,496.8 


1949 


193.0 


17.5 


175.6 


3.6 


31.7 


35.3 


210.8 


202.3 


26.3 


+8.5 


1,672.4 


1950 


282.7 


24.1 


258.6 


3.2 


78.5 


81.7 


340.2 


324.9 


29.9 


+ 15.3 


1,906.9 


1951 


281 .6f 


37.2 


244.5f 


14.1 


25.7 


39.8 


284 .2f 


275.7 


29.6 


+8.5f 


2,097.6 


1952 


284.6 


41.7 


243.0 


13.8 


19.8 


33.7 


276.6 


292.1 


42.8 


-15.5 


2,296.4t 


1953 


366.5 


28.0 


338.6 


23.5 


29.6 


53.1 


391.7 


359.2 


40.8 


+32.5 


* 


Quarterly 
























1951f — I 


91.7 


3.6 


88.1 


6.0 


8.4 


14.3 


102.4 


97.8 


23.2 


+4.6 


* 


II 


85.8 


8.6 


77.3 


5.9 


16.7 


22.6 


99.9 


83.8 


26.9 


+16.1 


* 


III 


55.1 


11.0 


44.2 


1.6 


3.0 


4.6 


48.8 


53.8 


37.6 


-5.0 


* 


IV 


49.0 


14.1 


34.9 


.6 


-2.3 


-1.7 


33.2 


40.3 


40.3 


-7.1 


* 


1952 — I 


61.0 


17.9 


43.1 


2.9 


-.7 


2.2 


45.3 


54.9 


35.5 


-9.6 


* 


II 


85.2 


7.5 


77.6 


4.9 


7.0 


11.9 


89.5 


100.5 


39.4 


-11.0 


* 


III 


69.7 


6.7 


63.0 


3.0 


9.5 


12.5 


75.5 


69.9 


48.4 


+5.7 


* 


IV 


68.8 


9.5 


59.2 


3.0 


4.1 


7.1 


66.3 


66.9 


47.8 


-.5 


* 


1953| — I 


98.4 


6.6 


91.8 


5.8 


5.0 


10.8 


102.6 


93.0 


35.0 


+ 9.6 


* 


II 


109.5 


8.5 


101.0 


11.2 


14.6 


25.8 


126.8 


121.5 


38.2 


+5.2 


* 


III 


84.2 


5.8 


78.4 


4.6 


7.7 


12.3 


90.7 


79.1 


46.2 


+ 11.6 


* 


IV 


74.4 


7.0 


67.4 


1.8 


2.4 


4.2 


71.6 


65.5 


47.1 


+6.1 


* 


1954**— I 


104.7 


1.6 


103.1 


5.5 


4.2 


9.7 


112.8 


78.7 


35.1 


+34.2 


* 



Sources: Production, "Ward's Automotive Reports"; Exports and Imports, "Trade of Canada", D.B.S.; Domestic Retail Sales. "New Motor Vehicle Sales and 
Motor Vehicle Financing". D.B.S.; Total Registrations. "The Motor Vehicle, 1952", D.B.S. 1. Includes Newfoundland commencing in 1949. 2. Less 

re-exports, assumed to be entirely of other than U.S.A. origin. 3. Data on domestic retail sales financed include only financing through sales finance companies. 

4. Includes new commercial vehicles in 1939. 5. In the hands of manufacturers, wholesalers and retailers. t Revised. * Not available. **Preliminary. 



NEW COMMERCIAL VEHICLE STATISTICS 1 





Canadian Commercial 


Imports of New 




Domestic Retail 










Vehicles 




Commercial Vehicles 2 


Total 

Domestic 

Supply 


Sales 


Apparent 


Total 
Regis- 
trations 
(New and 
Used) 




Produc- 
tion 


Less: 
Exports 


Available 

for 

Domestic 

Market 


From 
U.S.A. 


From 
U.K. and 
all other 


Total 
Imports 


Total 


% 
Financed 

3 


Change 

in 
Stocks 

5 


Annual Totals 
1939 


47.1 


13.9 


33.2 


.2 




.2 


33.4 


24.7 


41.4* 


+8.7 


236.9 


1946 


79.7 


44.7 


35.0 


3.5 


- 


3.5 


38.5 


42.3 


27.9 


-3.8 


371.3 


1947 


92.6 


42.2 


50.4 


7.1 


.2 


7.3 


57.7 


71.1 


27.2 


-13.4 


439.7 


1948 


95.8 


20.9 


74.9 


1.5 


2.1 


3.6 


78.5 


75.6 


29.0 


+2.8 


504.2 


1949 


98.0 


12.1 


85.8 


1.2 


2.2 


3.4 


89.2 


84.0 


33.7 


+5.2 


578.3 


1950 


105.4 


10.2 


95.2 


1.6 


5.2 


6.8 


102.0 


104.8 


36.5 


-2.8 


649.7 


1951 


133.2 


23.3 


109.9 


3.4 


2.3 


5.7 


115.5 


110.0 


40.5 


+5.6 


731.6 


1952 


149.1 


38.3 


110.8 


3.2 


1.1 


4.3 


115.2 


108.7 


43.9 


+6.5 


817.3 


1953 


117.2 


17.2 


100.0 


4.1 


1.2 


5.3 


105.3 


103.4 


41.2 


+ 1.9 


* 


Quarterly 
1951 — 1 


35.3 


1.0 


34.3 


.6 


.6 


1.2 


35.5 


29.1 


25.5 


+6.3 


* 


II 


36.0 


3.2 


32.8 


1.0 


1.1 


2.1 


34.9 


31.5 


40.8 


+3.4 


* 


III 


28.2 


5.3 


23.0 


.8 


.5 


1.3 


24.2 


25.1 


49.9 


-.9 


* 


IV 


33.6 


13.8 


19.8 


1.0 


.2 


1.2 


21.0 


24.2 


48.3 


-3.3 


* 


1952 — I 


43.5 


18.3 


25.2 


.9 


.1 


1.0 


26.2 


23.4 


38.8 


+2.9 


* 


II 


42.8 


7.3 


35.4 


1.0 


.5 


1.6 


37.0 


33.9 


43.9 


+3.1 


* 


III 


27.7 


4.6 


23.1 


.6 


.3 


.9 


23.9 


27.0 


44.5 


-3.1 


* 


IV 


35.2 


8.0 


27.1 


.7 


.2 


.8 


28.0 


24.4 


48.0 


+3.5 


* 


1953 — I 


33.0 


6.0 


27.0 


.9 


.2 


1.1 


28.1 


25.7 


35.3 


+2.4 


* 


II 


43.8 


3.8 


40.0 


1.2 


.4 


1.6 


41.6 


34.4 


41.4 


+7.2 


* 


III 


22.1 


3.9 


18.2 


1.2 


.3 


1.5 


19.7 


22.8 


45.4 


-3.1 


* 


IV 


18.3 


3.6 


14.8 


.8 


.2 


1.1 


15.8 


20.5 


43.8 


-4.7 


* 


1954**— I 


26.0 


.4 


25.6 


.9 


.1 


1.0 


26.6 


19.4 


35.0 


+7.2 


* 






Sources: Production, "Ward's Automotive Reports": Exports and Imports, "Trade of Canada", D.B.S.: Domestic Retail Sales, "New Motor Vehicle Sales and 
Motor Vehicle Financing", D.B.S.; Total Registrations, "The Motor Vehicle, 1952", D.B.S. 1. Includes Newfoundland commencing in 1949. 2. Less 

re-exports, assumed to be entirely of other than U.S.A. origin. 3. Data on domestic retail sales financed include only financing through sales finance companies. 
4. Includes new passenger automobiles in 1939. 5. In the hands of manufacturers, wholesalers and retailers. * Not available. **Preliminary. 



JUNE 1954 



116 



U.S.A. ECONOMIC STATISTICS 

U.S. Department of Commerce 



U.S. Dept. of Labor 



Federal 
Reserve 



~~ 






Govt. 
















Average 






Gross 
National 
Product 


Change in 

Business 

Inventories 


Expend- 
iture on 
National 
Security 
1 


Savings 

as a 

Percentage 

of 
Disposable 


Total 
Personal 
Income 


Con- 
struction 

3 


Unem- 
ployment 


Retail 
Sales 

4 


Consumer 
Price 
Index 


Wholesale 

Prices: 
All Com- 
modities 


Hourly 
Earnings 
in Manu- 
facturing 
5 


Total 
Industrial 
Production 

4 




Billions of Dollars 2 


Income 


Billions of $ 2 


BillionsofS 


Millions 


BillionsofS 


1947^19 = 100 


Dollars 


1947-49 = 100 


Annual Averages * 


























1929 


103.8 


1.6 


* 


4.5 


85.1 


10.8 


1.6 


48.5 


73.3 


61.9 


.57 


59 


1933 


55.8 


-1.6 


* 


-2.7 


46.6 


2.9 


12.8 


24.5 


55.3 


42.8 


.44 


37 


1937 


90.2 


2.3 


* 


5.5 


74.0 


7.0 


7.7 


42.2 


61.4 


56.1 


.62 


61 


1946 


211.1 


6.1 


21.2 


7.6 


177.7 


12.0 


2.3 


102.5 


83.4 


78.8 


1.09 


90 


1950 


286.8 


7.5 


18.5 


5.5 


226.7 


28.8 


3.1 


143.7 


102.8 


103.1 


1.47 


112 


1951 


329.8 


10.9 


37.4 


7.5 


254.3 


30.9 


1.9 


158.2 


111.0 


114.8 


1.59 


120 


1952 


348.0 


3.7 


48.9 


7.2 


269.7 


32.6 


1.7 


164.1 


113.5 


111.6 


1.67 


124 


1953 


367.2 


2.5 


51.8 


7.3 


284.5 


34.8 


1.5 


170.8 


114.4 


110.1 


1.76 


134 


Monthly 


























1953— Mar. 










283.6 


2.5 


1.7 


14.4 


113.6 


110.0 


1.75 


135 


Apr. 










282.7 


2.7 


1.6 


14.3 


113.7 


109.4 


1.75 


136 


May 


■371.4 


6.3 


53.5 


6.9 I 


284.7 


2.9 


1.3 


14.4 


114.0 


109.8 


1.76 


137 


June 










286.3 


3.2 


1.6 


14.5 


114.5 


109.5 


1.76 


136 


July 










287.5 


3.3 


1.5 


14.5 


114.7 


110.9 


1.77 


137 


Aug. 


■369.5 


3.1 


52.1 


7.5 \ 


287.0 


3.3 


1.2 


14.1 


115.0 


110.6 


1.77 


136 


Sept. 










286.3 


3.3 


1.2 


14.0 


115.2 


111.0 


1.78 


133 


Oct. 










287.2 


3.2 


1.2 


14.0 


115.4 


110.2 


1.78 


132 


Nov. 


■363.5 


-3.0 


50.0 


7.7 • 


285.9 


3.0 


1.4 


14.1 


115.0 


109.8 


1.78 


129 


Dec. 


, 








284.6 


2.7 


1.9 

7 
3.1 


13.9 


114.9 


110.1 


1.79 


127 


1954— Jan. 


] 






f 


283.7 


2.4 


13.7 


115.2 


110.9 


1.80 


125 


Feb. 


[357.8 


-4.8 


46.9 


8.0 < 


283.0 


2.3 


3.7 


13.9 


115.0 


110.5 


1.79 


124 


Mar. 


J 






\ 


282.9 


2.5 


3.7 


13.8 


114.8 


110.5 


1.79 


123 


Apr. 










282.0 


2.8 


3.5 


14.3 


114.6 


m.ot 


1.80 


123 


May** 












3.1 


3.3 


14.3 


115.0 


110.9 


1.81 


125 



1. Includes stockpiling, atomic energy, and Mutual Defence Assistance in 
addition to strictly military programmes. 

2. Seasonally adjusted annual rates. 

3. Value of new work put in place. 

4. Seasonally adjusted. 

5. Production workers. 



Quarterly averages for first four columns. Calendar year totals in the case 

of "Construction" and "Retail Sales". 

New sample covering 230 areas as against 68 in the old series begins with 

1954. 

Not available. 

Preliminary. 

Revised. 



INTERNATIONAL SECURITIES TRANSACTIONS l : QUARTERLY 
DETAIL OF TRADE IN OUTSTANDING ISSUES 

Millions of Dollars Compiled from "Sales fif Purchases of Securities between Canada 6" Other Countries," Dominion Bureau of Statistics 



Quarterly Totals 



1951 



IV 



1952 



II III 



IV 



1953* 



I 



II III 



IV 



Sales To 



1954* 



Canadian Securities: 

Bonds — Govt, of Canada direct & guaranteed; United States 

Other countries 
Other bonds United States 

Other countries 
Shares United States 

Other countries 

Total Canadian Securities 

Foreign Securities: 

Bonds United States 

Shares United States 

Bonds & shares Other countries 

Total Foreign Securities 



23 
3 

41 
1 

77 

9 

154 

4 
19 

1 
24 



7 

4 

11 

2 

87 

12 

123 

1 
25 

1 
27 



12 
3 

14 
2 

87 

7 

125 

2 
15 

2 
19 



o 
1 
8 
2 

65 
9 

90 

3 
12 

1 
16 



3 
3 
15 
2 
52 
10 
85 

1 
17 

1 
19 



10 
4 

10 
2 

77 

13 
116 

4 
26 

2 
32 



o 
10 
6 
6 
58 
12 
97 

4 
25 

29 



4 

4 

4 

6 

38 

10 

66 

2 
15 

2 
19 



14 

17 

5 

6 

42 

16 

100 

14 

21 

2 

37 



14 
12 
10 
7 
61 
20 
124 

4 
25 

3 
32 





Purchases From 


Canadian Securities: 
























Bonds — Govt, of Canada direct & guaranteed 


United States. . . . 


113 


39 


51 


51 


41 


15 


53 


9 


20 


23 




Other countries. . 


2 


6 


3 


- 


3 


2 


6 


4 


7 


13 


Other bonds 


. United States .... 


11 


4 


19 


30 


11 


14 


14 


8 


9 


9 




Other countries. . 


1 


1 


- 


1 


- 


1 


1 


1 


1 


2 


Shares 


. United States .... 


58 


63 


61 


53 


47 


65 


51 


41 


52 


50 




Other countries. . 


6 


10 


10 


6 


7 


9 


8 


7 


12 


11 


Total Canadian Securities 




191 


123 


144 


141 


109 


106 


133 


70 


101 


108 


Foreign Securities: 






Bonds 


. United States .... 


3 


1 


1 


1 


2 


4 


6 


2 


4 


3 


Shares 


.United States. . . . 


15 


19 


14 


12 


17 


25 


19 


15 


16 


20 


Bonds & shares 


.Other countries. . 


1 


1 


1 


- 


- 


1 


1 


1 


2 


5 


Total Foreign Securities 




19 


21 


16 


13 


19 


30 


26 


18 


22 


28 



1. Includes all portfolio security transactions between Canada and other countries based on delivery dates and transaction values. 
* Subject to further revision. 
** Preliminary. 



117 



JUNE 1954 



CANADIAN BALANCE OF INTERNATIONAL PAYMENTS: QUARTERLY 

"Quarterly Estimates of the Canadian Balance of International Payments" , Dominion Bureau of Statistics 
Millions of Dollars 



Current Receipts i 

Merchandise exports (adjusted) 2 

Gold production available for export 

Travel expenditures 

Interest and dividends 

Freight and shipping 

Inheritances and immigrants' funds 

All other current receipts 

Total Current Receipts 

Current Payments i 

Merchandise imports (adjusted) 2 

Travel expenditures 

Interest and dividends 

Freight and shipping 

Inheritances and emigrants' funds 

Official contributions 

All other current payments 

Total Current Payments 

Balance on merchandise trade 

Balance on other transactions (excluding 

"Official contributions") 

Official contributions 

Current Account Balance 

Capital Account 3 

Direct Investment 

Direct investment in Canada * 

Direct investment abroad 4 

Canadian Securities 

Trade in outstanding issues 

New issues 

Retirements 

Foreign Securities 

Trade in outstanding issues 

New issues 

Retirements 

Loans by Government of Canada 

Repayment of post-war loans 

Repayment of war loans 

Change in Canadian dollar holdings of 

foreigners 5 

Change in official holdings of gold and foreign 

exchange (minus sign denotes increase) . . 
Other capital movements 6 

Net Capital Movement 



1952* 



1,010 
41 
24 
17 
84 
17 
58 

1,251 



890 
63 
82 
65 
21 
11 
91 

1,223 



+ 120 

-81 
-11 



+28 



+71 
-9 



+88 
-12 

+6 
-19 



+2 

-4 

+24 
-175 



-28 



II 



1,124 
35 
53 
32 
98 
27 
67 

1,436 



985 
97 



24 

100 

1,392 



+ 139 
-95 

+44 



+78 
-21 

-19 

+ 159 

-41 

+3 
-1 



+9 
+6 

+4 

-32 
-189 

-44 



III 



1,049 
37 
156 
23 
98 
22 
67 

1,452 



937 
110 

95 
105 

24 

106 
1,377 



+ 112 
-37 

+75 



+ 106 
-19 

-51 

+23 
-7 

+3 



+8 

+2 

-25 
-115 

-75 



IV 



1,156 
37 
42 
73 
103 
19 
89 

1,519 



1,038 

71 

148 

107 

25 

5 

108 

1,502 



+ 118 

-96 
-5 

+17 



+91 
-28 

-24 
+46 
-29 



+24 

+7 

-68 

-4 
-32 

-17 



1953* 



918 
48 
26 
26 
71 
16 
69 

1,174 



1,002 
68 
86 
70 
21 
10 
101 

1,358 



-84 

-90 
-10 

-184 



+ 103 



+ 10 

+ 132 

-28 

+2 
-1 
+ 1 

+2 
+4 

+45 

+ 16 
-94 



+184 



II 



1,113 
37 
57 
32 
92 
27 
73 

1,431 



1,161 

95 

102 

108 

22 

9 

125 

1,622 



-48 

-134 
-9 



191 



+90 
-10 

-36 
+60 



+3 
-2 



+ 11 

+7 

+20 

+91 
+45 

+191 



III 



1,077 
30 
172 
24 
86 
26 
95 

1,510 



1,052 

124 

81 

110 

25 

3 

128 

1,523 



+25 

-35 
-3 

-13 



+97 
-10 

-4 
+ 15 



+ 1 
-1 



+39 

-71 

-35 
-9 

+13 



IV 



1,044 
29 
47 
82 
88 
23 
84 

1,397 



994 
78 

141 

94 

23 

2 

116 

1,448 



+50 

-99 
-2 

-51 



+ 108 
-28 

-1 

+ 135 

-17 

+ 15 
-19 



+24 



-11 

-34 
-121 

+51 



1954* 



869 
35 
24 
24 
68 
17 
68 

1,105 



919 
67 
91 
66 
22 
4 

106 

1,275 



-50 

■116 
-4 



170 



+65 

(7) 

+ 16 

+ 169 

-16 

+4 
-2 



+2 

+7 

-15 

-4 
-56 



+ 170 



ir The current account balances in 1st Qtr. of 1953 and 1954 with the United 
States were; —248 and —241; with the United Kingdom; +2 and +28: 
with all other countries; +62 and +43. 

1. Mutual Aid to NATO countries is not included in either current receipts 
or current payments. 

2. As used in the balance of payments, merchandise trade is adjusted to 
exclude such non-commercial items as settlers' effects, and tourist purchases 
which are covered elsewhere in the accounts. Since 1951, furthermore, 
payments for defence purchases by governments have been substituted for 
the actual physical movements of the commodities as reported in Customs 
trade statistics. 

3. A minus sign indicates an outflow of capital from Canada. 



4. Exclusive of undistributed profits. 

5. Excludes changes in holdings of International Monetary Fund and 
International Bank for Reconstruction and Development. 

6. This item includes mainly short-term capital movements in the form of 
changes in international open account commercial indebtedness, private 
and chartered bank holdings of exchange, and loans between private 
unrelated parties. It also includes the balancing item representing un- 
recorded capital movements and errors and omissions. Includes changes 
in holdings of International Monetary Fund and International Bank 
for Reconstruction and Development. 

7. Included with "other capital movements". 

* Subject to further revision. **Preliminary. 



JUNE 1954 



Millions of Dollars 



118 



EXTERNAL TRADE AND TRADE INDEXES * 

Compiled from "Trade of Canada", Dominion Bureau of Statistics 



TOTAL EXPORTS (EXCLUDING GOLD) TO 2 





U.S.A. 


U.K. 


Calendar Years 






1926 


471 


318 


1929 


515 


226 


1933 


173 


188 


1937 


394 


386 


1947 


1,057 


754 


1948 


1,522 


689 


1949 


1,524 


709 


1950 


2,051 


473 


1951 


2,334 


636 


1952 


2,349 


751 


1953 


2,463 


669 


12 Mtha. end'g 






Apr. 1954 


2,415 


674 


Monthly 






1953-May 


224.2 


68.5 


June 


218.2 


77.3 


July 


212.7 


81.3 


Aug. 


199.9 


67.2 


Sept. 


211.4 


45.0 


Oct. 


201.9 


55.8 


Nov. 


204.0 


56.1 


Dec. 


223.5 


47.7 


1954-Jan. 


160.1 


38.1 


Feb. 


171.9 


44.9 


Mar. 


205.2 


52.8 


Apr. 


181.8 


39.5 


May* 


213.0 


62.5 



Other 

Sterling 

Area 

3 



85 
93 
39 

97 

359 
290 
305 
200 
266 
291 
252 

233 

24.0 
27.7 
24.7 
19.4 
25.7 
16.3 
19.7 
17.0 

12.5 
12.5 
14.1 
19.8 



Western 
Europe & 
Colonies 

4 



283 

207 

95 

94 

327 
317 
254 
199 
364 
468 
367 

372 

38.5 
52.0 
43.8 
26.7 
24.1 
33.4 
35.1 
31.7 

22.8 
21.1 
19.7 
22.8 



Central 

and 

South 

America 



44 
44 
10 
25 

135 

127 
132 
154 
217 
281 
207 

202 

15.5 
21.4 
17.0 
12.1 
18.2 
19.1 
21.0 
15.5 

11.8 

14.2 
15.2 
20.6 



All 
Other 



76 
92 
30 
49 

180 
165 
99 
80 
146 
216 
216 

222 

14.3 
19.4 
18.8 
21.6 
19.4 
21.3 
19.3 
25.5 

20.1 
15.2 
14.1 
13.7 



Total 

All 

Countries 



1,277 

1,178 

535 

1,045 

2,812 
3,110 
3,023 
3,157 
3,963 
4,356 
4,173 

4,118 

385.0 
416.0 
398.3 
346.9 
343.8 
347.8 
355.2 
360.9 

265.4 
279.8 
321.1 
298.2 
363.6 



New Gold 

Production 

Available 

for 

Export 



30 

37 

82 

145 

99 
119 
139 
163 
150 
150 
144 

133 

12.0 

13.7 

9.3 

10.7 

10.4 

9.9 

9.1 

9.8 

11.5 
10.2 
12.8 
13.8 
13.7 



EXPORT INDEXES 5 
1948-100 



Total 
Value 



41.0 
37.5 
17.2 
32.4 

90.2 
100.0 

97.3 
101.4 
127.3 
139.9 
133.9 



148.4 
160.6 
153.4 
133.7 
132.0 
134.0 
136.9 
138.8 

101.7 
105.4 
123.2 
114.1 



Price 



70.2 
64.4 
39.9 
53.4 

91.6 
100.0 
103.3 
108.3 
123.0 
121.8 
118.3 



118.9 
119.2 
118.7 
118.8 
118.4 
118.4 
117.1 
116.7 

116.1 
116.5 
115.7f 
116.4 



Physical 
Volume 



58.4 
58.2 
43.1 
60.7 

98.5 
100.0 
94.2 
93.6 
103.5 
114.9 
113.2 



124.8 
134.7 
129.2 
112.5 
111.5 
113.2 
116.9 
118.9 

87.6 

90.5 

106.5f 

98.0 





TOTAL IMPORTS (EXCLUDING GOLD) FROM 






Excess of 


IMPORT INDEXES 5 


















Merchandise 
Exports 




1948-100 










Other 


Western 


Central 




Total 














U.S.A. 


U.K. 


Sterling 


Europe & 


and 


All 


All 


Merchandise 


Total 




Physical 








Area 
3 


Colonies 
4 


South 
America 


Other 


Countries 


Imports 


Value 


Price 


Volume 


Calendar Years 
























1926 


669 


165 


47 


71 


33 


23 


1,008 


269 


38.1 


68.9 


55.3 


1929 


894 


195 


59 


90 


33 


28 


1,299 


-121 


49.1 


63.0 


77.9 


1933 


217 


98 


34 


32 


10 


10 


401 


134 


15.1 


43.7 


34.6 


1937 


491 


147 


87 


43 


21 


20 


809 


236 


30.6 


50.8 


60.2 


1947 


1,975 


189 


158 


64 


159 


29 


2,574 


238 


97.6 


88.0 


110.9 


1948 


1,806 


300 


194 


77 


223 


37 


2,637 


473 


100.0 


100.0 


100.0 


1949 


1,952 


307 


187 


83 


193 


39 


2,761 


261 


104.7 


102.6 


102.0 


1950 


2,131 


404 


242 


114 


215 


68 


3,174 


-17 


120.4 


110.3 


109.2 


1951 


2,813 


421 


309 


181 


275 


86 


4,085 


-122 


154.8 


126.2 


122.7 


1952 


2,977 


360 


186 


157 


285 


66 


4,031 


326 


152.3 


110.3 


138.1 


1953 


3,221 


453 


173 


179 


291 


66 


4,383 


-210 


165.2 


109.6 


150.8 


12 Mths. end'g 
























Mar. 1954 


3,149 


446 


172 


182 


297 


65 


4,311 


-186 








Monthly 
























1953-Apr. 


297.3 


37.9 


12.6 


17.3 


22.8 


3.9 


391.8 


-87.0 


177.9 


109.1 


163.1 


May 


312.3 


43.5 


17.6 


15.4 


27.7 


4.1 


420.6 


-35.6 


190.5 


109.4 


174.1 


June 


299.8 


42.8 


17.1 


17.0 


23.3 


6.3 


406.3 


9.7 


184.2 


110.2 


167.2 


July 


286.5 


47.1 


17.6 


16.0 


31.2 


6.7 


405.4 


-7.1 


182.6 


109.5 


166.8 


Aug. 


244.7 


38.4 


14.7 


15.1 


26.5 


5.8 


345.2 


1.7 


156.2 


109.9 


142.1 


Sept. 


268.0 


34.3 


16.9 


16.0 


25.3 


7.0 


367.5 


-23.7 


165.7 


110.8 


149.5 


Oct. 


258.3 


36.8 


18.5 


17.1 


22.2 


5.4 


358.3 


-10.5 


161.6 


110.5 


146.2 


Nov. 


244.5 


38.9 


17.1 


20.3 


24.9 


5.7 


351.4 


3.8 


159.5 


110.0 


145.0 


Dec. 


246.8 


38.3 


10.5 


14.2 


22.6 


6.0 


338.4 


22.5 


153.1 


110.1 


139.1 


1954-Jan. 


202.8 


28.3 


9.1 


11.2 


23.8 


5.0 


280.2 


-14.8 


127.2 


109.4 


116.3 


Feb. 


217.5 


29.0 


10.5 


9.9 


21.7 


4.0 


292.6 


-12.8 


132.8 


109.1 


121.7 


Mar. 


270.0 


30.9 


9.6 


12.6 


25.1 


4.8 


353.0 


-31.9 


160.3 


109.3 


146.7 


Apr. 


256. Of 


35.3f 










348.5f 


-50.3f 








May* 


262.3 


36.0 










365.9 


-2.3 









1. Commencing April 1, 1949, external trade of Newfoundland is included 
and Canadian trade with Newfoundland, formerly in the "All Other" 
category, disappears. 

2. Includes exports of foreign produce. Prior to 1947 wheat exports are based 
on Board of Grain Commissioners' data rather than Customs' clearances. 
Excludes defence equipment transferred by Canada to North Atlantic 
Treaty countries which in 1950, 1951, 1952 and 1953 amounted to 56.8, 
109.1, 100.9 and 182.0* respectively. 

3. Consists of U.K. Dependencies, Union of South Africa, Eire, India, 



Pakistan, Burma, Australia, New Zealand, Iceland, Jordan, Libya, Ceylon 
and Iraq. 

4. Excludes Spain, but includes Greece and Turkey. 

5. Excludes exports of foreign produce. Price indexes are based largely on 
unit values derived from the Customs' entries. Price indexes prior to 
1948 are converted from 1935-39 = 100. 

* Preliminary, 
t Revised. 






119 



JUNE 1954 JUNE 1954 

MERCHANDISE EXPORTS: COMMODITY CLASSIFICATION 1 



120 





















Compiled from "Trade o 


f Canada," 


Dominion 


Bureau of Statistics 






















Millions of Dollar 












































Mil ions of Dollars 




Fruits 

and 

Vegetables 


Wheat 

and 

Wheat 

Flour 

2 


Oats 


Other 

Grains 

and 

Products 


Live 

Cattle 


Bacon 
and 
Hams 


Other 
Meats 


Cheese 


Other 

Milk 

Products 


Eggs 


Seeds 


Farm 

(incl. 

raw wool) 

3 


Fish 
(fresh and 
frozen) 


Fish 

(canned & 

salted) 


Furs 


Logs 

and 

Rounds 


Planks 

and 
Boards 


Pulpwood 


Wood Pulp 


Newsprint 


Other 
Paper 


Other 

Wood 

Products 


Alcoholic 
Beverages 


Rubber 

& Products 

(incl. 




Calendar Years 
1926 


21 


435 


10 


37 


13 


23 


9 


25 


16 


1 


9 


25 


11 


25 


19 


10 


62 


14 


52 


114 


7 


27 


25 


26 
32 


Calendar Years 
1926 
1929 
1933 
1917 


1929 


18 


302 


5 


26 


14 


7 


9 


19 


10 


- 


4 


24 


12 


24 


23 


10 


49 


13 


44 


149 


6 


22 


30 


1933 


17 


142 


2 


12 


4 


8 


3 


8 


3 


— 


1 


12 


7 


13 


12 


4 


17 


5 


23 


69 


3 


10 


9 


8 


1937 


16 


182 


2 


25 


16 


33 


9 


13 


5 


~ 


5 


23 


12 


16 


18 


7 


45 


12 


42 


126 


10 


20 


21 


18 


1947 


32 


462 


12 


55 


15 


62 


41 


14 


16 


37 


17 


44 


38 


44 


29 


24 


208 


35 


178 


342 


31 


69 


28 


33 


1947 
1948 
1949 
1950 


1948 


21 


368 


23 


74 


74 


70 


65 


12 


18 


39 


50 


55 


45 


40 


24 


26 


196 


44 


212 


383 


34 


60 


29 


33 


1949 


20 


533 


19 


59 


61 


24 


44 


16 


14 


21 


44 


51 


35 


59 


23 


20 


160 


31 


171 


434 


19 


40 


35 


26 


1950 


24 


419 


17 


56 


79 


28 


47 


17 


11 


6 


31 


53 


50 


63 


25 


13 


291 


35 


209 


486 


20 


61 


44 


12 


1951 


24 


555 


54 


105 


63 


4 


69 


10 


11 


4 


28 


59 


53 


64 


30 


14 


312 


68 


365 


536 


38 


65 


56 


29 


1951 


1952 


21 


737 


68 


199 


4 


3 


46 


1 


15 


5 


33 


54 


53 


60 


24 


31 


296 


65 


292 


592 


30 


61 


57 


18 


1952 


1953 


20 


670 


60 . 


187 


15 


6 


47 


5 


12 


4 


31 


55 


51 


60 


22 


20 


283 


46 


249 


619 


20 


59 


66 


8 


1953 


12-Mtha. ending 
Apr. 1954 


20 


649 


59 


186 


18 


6 


49 


3 


12 


5 


31 


61 


51 


67 


23 


20 


277 


45 


257 


623 


19 


57 


65 


7 


12-Mths. ending 
Apr. 1954 


Monthly 
1953— Jan. 


1.5 


45.7 


2.1 


7.4 


- 


.2 


3.2 


.1 


.7 


.9 


3.7 


4.5 


3.8 


4.5 


3.2 


2.0 


19.8 


3.6 


20.0 


52.4 


1.8 


3.5 


5.0 


.9 


Monthly 

Jan.-1953 
Feb. 


Feb. 


1.4 


35.4 


1.6 


5.6 


- 


.2 


2.6 


.2 


.5 


.2 


3.3 


5.4 


4.3 


4.6 


2.2 


1.5 


18.6 


3.4 


16.4 


42.5 


1.3 


4.3 


3.9 


.8 


Mar. 


1.8 


30.8 


1.3 


5.9 


1.3 


.5 


4.9 


.5 


.8 


.2 


2.4 


5.5 


4.5 


4.6 


1.7 


1.7 


25.6 


3.6 


19.9 


49.5 


1.6 


4.9 


5.5 


.9 




Apr. 


.8 


40.8 


3.8 


9.9 


1.4 


.5 


4.9 


1.0 


.6 


.1 


2.9 


3.2 


2.7 


3.7 


1.8 


1.1 


25.8 


1.7 


19.2 


44.4 


1.7 


4.8 


3.6 


1.0 


Apr. 
May 
June 


May 


.4 


70.3 


5.8 


19.7 


1.6 


.6 


5.2 


- 


.9 


.1 


1.2 


3.5 


3.1 


8.5 


2.0 


1.1 


22.5 


2.2 


21.5 


56.8 


1.5 


4.3 


4.8 


.9 


June 


.7 


100.7 


3.6 


20.6 


1.7 


.7 


3.9 


.1 


1.0 


.1 


.5 


4.0 


4.0 


6.5 


2.1 


1.9 


27.3 


3.1 


22.1 


50.3 


1.6 


5.0 


4.9 


.9 


July 


1.7 


81.7 


4.5 


21.5 


2.0 


.7 


6.6 


- 


1.1 


.1 


1.2 


7.4 


5.6 


4.8 


1.3 


2.0 


24.4 


4.8 


21.3 


55.2 


1.9 


4.4 


6.1 


.7 


July 


Aug. 


2.9 


67.8 


5.5 


17.3 


2.6 


.4 


4.2 


- 


1.0 


.4 


1.1 


4.0 


5.2 


4.6 


1.0 


2.2 


26.5 


5.3 


21.4 


49.4 


1.5 


4.5 


3.9 


.4 


Aug. 


Sept. 


2.1 


44.4 


5.9 


17.2 


1.5 


.5 


3.1 


.1 


1.7 


.5 


1.8 


3.7 


5.1 


4.3 


.8 


2.2 


23.7 


5.9 


20.4 


57.0 


1.8 


4.8 


5.7 


.5 




Oct. 


2.8 


59.7 


7.2 


15.8 


1.0 


.3 


2.2 


- 


.8 


.2 


2.8 


3.4 


4.8 


4.0 


.4 


2.0 


25.4 


4.7 


21.9 


51.3 


1.9 


4.6 


7.5 


.4 


Oct. 


Nov. 


2.7 


47.2 


10.8 


24.1 


1.2 


.5 


3.1 


1.6 


1.1 


.3 


4.6 


5.2 


4.2 


5.4 


.4 


1.5 


21.6 


3.3 


22.2 


47.6 


1.8 


6.2 


9.1 


.5 


Nov. 


Dec. 


1.7 


45.6 


8.2 


22.2 


.8 


.5 


3.2 


.9 


1.6 


1.0 


5.2 


5.3 


3.9 


4.4 


5.3 


1.1 


21.6 


4.2 


22.3 


62.6 


1.6 


7.5 


7.3 


.4 


Dec. 


1954— Jan. 


1.6 


33.6 


1.6 


7.4 


.7 


.4 


7.0 


_ 


.5 


1.2 


3.2 


5.8 


3.3 


4.9 


3.7 


1.7 


14.8 


3.2 


18.3 


42.8 


1.2 


3.0 


4.1 


.4 


Jan.-1954 


Feb. 


1.2 


33.1 


1.9 


6.1 


1.1 


.5 


4.2 


- 


.6 


.7 


4.4 


6.3 


3.6 


5.5 


2.4 


1.3 


17.6 


4.0 


19.8 


46.6 


1.3 


3.7 


3.9 


.6 


Feb. 


Mar. 


1.0 


30.1 


1.8 


5.6 


1.3 


.5 


3.1 


.1 


.7 


.2 


3.1 


7.3 


4.5 


6.4 


2.2 


1.9 


28.4 


3.2 


24.1 


54.9 


1.5 


5.3 


4.6 


.6 


Mar. 


Apr. 


1.1 


34.9 


1.8 


8.3 


2.1 


.5 


3.6 


- 


.5 


.2 


2.1 


5.3 


3.3 


7.4 


1.6 


.8 


23.5 


1.5 


21.5 


48.6 


1.3 


4.1 


3.7 


.8 


Apr. 







Other 
Fibres 


Farm 


Machinery 


Autos. 


Other 


Other 
















Other 




Other. 




Other 


Ships 


Aircraft 


All 


New Gold 


Total 








& Textiles 


Imple- 


(excl. 


Trucks 






Electrical 










Metals 




Non- 




Non- 


Fertilizers 


Chemicals 


and 


and 


Other 




(Including 
gold) 








(excl. raw 
wool) 


ments & 
Machinery 


agriculture) 


& Parts 


& Parts 


Steel 


Apparatus 


Products 


Products 


Products 


Products 


(ex. gold) 


Products 


ferrous 
Metals 




metallic 
Minerals 




& Products 


Vessels 


Parts 


Exports 


for Export 




Calendar Years 


















































Calendar Years 


1926 


— 


6 


17 


4 


38 


- 


16 


2 


7 


15 


14 


12 


14 


9 


2 


11 


16 


5 


12 


- 


- 


45 


30 


1,292 


1926 


1929 


— 


8 


20 


7 


47 


— 


16 


3 


15 


37 


11 


26 


12 


9 


5 


13 


17 


7 


14 


1 


- 


33 


37 


1,190 


1929 


1933 


- 


5 


1 


3 


10 


— 


8 


2 


6 


17 


5 


23 


7 


5 


2 


5 


8 


3 


10 


— 


- 


15 


82 


611 


1933 


1937 


2 


11 


10 


11 


27 


- 


18 


4 


19 


56 


18 


59 


19 


15 


5 


15 


16 


7 


15 


1 


- 


27 


145 


1,176 


1937 


1947 


12 


35 


42 


41 


92 


15 


84 


19 


64 


59 


31 


60 


23 


30 


17 


33 


42 


34 


49 


26 


6 


94 


99 


2,874 


1947 


1948 


7 


35 


74 


41 


55 


21 


91 


17 


102 


79 


35 


74 


25 


42 


22 


42 


53 


36 


43 


84 


11 


93 


119 


3,195 


1948 


1949 


2 


19 


93 


32 


39 


23 


106 


12 


94 


87 


42 


92 


28 


56 


15 


37 


36 


39 


31 


42 


25 


81 


139 


3,132 


1949 


1950 


5 


20 


88 


26 


40 


5 


92 


11 


107 


88 


38 


105 


34 


59 


16 


63 


40 


39 


62 


23 


4 


59 


163 


3,281 


1950 


1951 


4 


28 


106 


40 


79 


3 


113 


18 


125 


87 


45 


137 


49 


84 


25 


82 


50 


36 


96 


9 


8 


73 


150 


4,065 


1951 


1952 


3 


21 


105 


47 


111 


4 


139 


34 


162 


119 


50 


151 


47 


97 


46 


88 


56 


42 


82 


12 


38 


79 


150 


4,452 


1952 


1953 


5 


15 


74 


37 


75 


6 


166 


38 


178 


125 


38 


163 


44 


58 


39 


85 


63 


43 


95 


20 


40 


96 


144 


4,262 


1953 




















































12-Mths. ending 


Apr. 1954 


5 


14 


72 


35 


59 


5 


163 


30 


176 


115 


33 


166 


45 


49 


37 


81 


65 


46 


97 


19 


43 


97 


133 


4,193 


Apr. 1954 


Monthly 

1953— Jan. 

Feb. 


.3 


1.0 


9.4 


2.7 


6.7 


.4 


11.6 


4.4 


12.6 


10.8 


4.5 


14.4 


4.3 


8.4 


3.4 


6.2 


4.1 


3.8 


7.9 


2.0 


1.8 


5.8 


16.0 


333.3 


Monthly 
Jan.-1953 


.3 


1.2 


9.8 


3.2 


7.4 


.5 


7.3 


3.5 


13.3 


13.6 


2.5 


12.7 


3.5 


5.0 


2.4 


5.9 


4.1 


4.2 


6.5 


1.3 


1.3 


5.7 


16.1 


291.6 


Feb. 


Mar. 


.3 


1.1 


11.1 


3.7 


6.1 


.7 


11.0 


2.9 


17.9 


10.2 


4.2 


13.8 


3.4 


6.1 


2.8 


7.1 


4.9 


3.8 


7.8 


.5 


1.6 


7.2 


15.6 


323.4 


Mar. 
Apr. 
May 
June 


Apr. 


.2 


1.7 


8.1 


3.2 


6.2 


.7 


12.1 


3.1 


10.9 


10.5 


4.1 


13.9 


4.3 


5.2 


3.2 


6.5 


4.9 


3.6 


7.0 


.1 


2.7 


7.4 


11.7 


312.7 
392.3 
425.4 


May 


.3 


1.1 


7.9 


3.8 


5.9 


.9 


16.3 


7.7 


14.8 


12.8 


2.4 


12.9 


4.3 


5.9 


4.1 


8.3 


5.6 


4.1 


8.5 


.8 


5.3 


8.1 


12.0 


June 


.9 


1.6 


7.7 


2.9 


8.8 


.5 


16.3 


5.9 


17.7 


12.1 


3.5 


13.9 


3.0 


5.1 


3.7 


7.9 


5.1 


4.1 


8.1 


3.8 


4.3 


7.2 


13.7 


July 


.6 


1.4 


5.1 


4.1 


5.8 


.5 


18.9 


2.4 


15.5 


12.2 


1.7 


13.5 


4.0 


4.3 


2.9 


6.8 


5.8 


3.0 


8.7 


.5 


5.3 


10.3 
6.7 


9.3 
10.7 
10.4 
9.9 
9.1 
9.8 


402.4 
353.3 
348.6 
353.4 
359.9 
365.6 


July 

Aug. 
Sept. 
Oct. 
Nov. 
Dec. 


Aug. 


.5 


1.2 


3.1 


2.0 


3.6 


.3 


18.2 


1.1 


14.2 


7.1 


3.7 


13.9 


2.8 


3.5 


2.4 


6.5 


5.6 


2.8 


7.9 


.9 


1.5 


Sept. 


.7 


1.0 


2.7 


2.8 


7.1 


.3 


14.3 


2.8 


16.5 


8.0 


2.6 


12.7 


4.0 


3.7 


3.4 


6.8 


5.4 


3.5 


8.8 


3.6 


3.5 


9.5 
7.6 


Oct. 


.5 


.9 


3.1 


2.7 


7.5 


.3 


14.0 


1.5 


12.3 


9.7 


3.3 


13.2 


2.7 


3.8 


2.8 


7.5 


6.1 


3.5 


7.3 


3.4 


5.0 


Nov. 


.4 


1.4 


2.1 


3.2 


7.8 


.3 


13.0 


1.2 


16.3 


9.5 


2.5 


15.1 


4.8 


3.0 


3.6 


6.8 


5.8 


3.3 


8.5 


2.9 


3.0 


10.2 
10.2 


Dec. 


.4 


1.1 


4.2 


3.1 


2.3 


.3 


13.1 


1.3 


15.8 


8.2 


2.9 


12.6 


3.3 


3.8 


4.6 


8.2 


5.5 


3.2 


8.2 


.1 


5.0 


1954— Jan. 
Feb. 
Mar. 


.4 
.2 
.3 , 


1.0 
.8 
.7 


5.4 
9.1 
11.8 


2.3 
2.8 
2.5 


2.7 
1.6 
1.6 


.2 
.4 
.5 


9.0 
9.3 
11.9 


1.0 
1.7 
1.4 


13.5 
12.3 
15.0 


9.0 
7.5 
9.7 


2.2 
2.4 
2.8 


12.3 

' 14.4 

16.8 


3.3 
4.5 
3.7 


3.8 
2.9 

4.4 


2.6 
2.5 
2.7 


4.4 
5.0 
6.7 


4.7 
4.0 
6.0 


3.3 
5.3 
5.8 


7.5 
7.9 
8.7 


.6 

2.0 

.6 


1.1 

1.5 
2.4 


6.4 
6.3 

7.2 


11.5 
10.2 
12.8 
13.8 


272.2 
284.9 
328.5 
306.1 


Jan.-1954 
Feb. 
Mar. 
Apr. 


Apr. 


.2 


1.4 


10.2 


2.6 


3.9 


.3 


8.8 


2.0 


12.1 


9.1 


3.0 


14.6 


4.2 


4.5 


2.1 


5.8 


5.0 


4.0 


7.0 


.2 


5.4 


7.4 


1. Excludes expo 
1700. 1710. 2015 


rts of foreig 


l produce. 


2. Prior t 


j 1947, figur 


's are based 


on Board of 


Grain Comt 


nissioners' d 


ita rather th 


an Customs' 


clearances. 


3. Made 


up of varioi 


is items liste 


d in "Trade 


of Canada" 


under code numbers 180, 610, 690, 710, 790, 1170, 1500-1590, 1610, 1620 


1630. 1640, 


1645, 1650. 


1660. 1670. 1680, 



110, 2490. 2500-2525. 2750, 2795, 2805, 2812, 2825, 2840, 2845, 2855, 2860, 3160-3187. 



CUMULATIVE TABLE OF CONTENTS 
1954 

See Statistical Summary Indexes, published annually, for details of previous years 

Page Number 

Monthly Tables ^^rSJcT 

Bank of Canada: Liabilities and Assets 99-100 

Chartered Banks: Liabilities and Assets 99-100 

General Public Holdings of Certain Liquid Assets: Currency, 

Bank Deposits and Government of Canada Securities . 101-102 

Government Bond Yields and Treasury Bill Rates ..... 104 

Foreign Exchange Rates 105 

Official Holdings of Gold and U.S. Dollars 105 

Price Indexes 113 

Employment and Labour Income 113 

Labour Force Status of the Population 114 

Volume of Industrial Production 114 

U.S.A. Economic Statistics 116 

External Trade and Trade Indexes 118 

Quarterly Tables 

Chartered Banks: Estimated Quarterly Classification 

of Loans in Canada 68 

General Public Holdings of Certain Liquid Assets: Approximate 
Division between Non-Resident, Resident Corporate and 

Resident Non-Corporate Holdings 85-86 

Bond Issues and Retirements 71 

Canadian Gold Statistics 72 

Government Bond Yields: Canada, U.S.A. and U.K. ... 104 

Consumer Credit Outstanding 106 

National Accounts: Quarterly . . . .' 107-110 

Selected Agricultural Statistics: Quarterly 111-112 

International Securities Transactions: Quarterly .... 116 

Canadian Balance of International Payments: Quarterly 117 

Merchandise Exports: Commodity Classification by Volume . 79 

Merchandise Exports: Commodity Classification by Value . 119-120 

Merchandise Imports: Commodity Classification by Volume . 80 

Merchandise Imports: Commodity Classification by Value 97-98 

Other Tables 

Bonds Outstanding 9 

Estimates of Labour Income 14 

National Accounts: Yearly 27 

Capital Expenditures on New Construction, Machinery and 

Equipment 29 

Mineral Production 31 

Domestic Exports: Commodity Classification by Destination 33 

Selected Housing Statistics 48 

Public Finance: Government of Canada 49-50 

New Passenger Automobile Statistics 115 

New Commercial Vehicle Statistics 115 

Railways: Operating Statistics 74 

Newsprint: North America 76 

Canadian Wheat: Statistical Position 77 

Population Statistics 88 

Profit Statistics of 480 Companies: 1947-1953 90 

Selected Petroleum Statistics . . 91-92 



BANK OF CANADA 

STATISTICAL SUMMARY 



A Cumulative Table of Contents for 1954 appears on the back cover 



TABLES 

Bank of Canada: Liabilities and Assets 121-122 

Chartered Banks: Liabilities and Assets 121-122 

General Public Holdings of Certain Liquid Assets: Currency, 

Bank Deposits and Government of Canada Securities . 123-124 

Chartered Banks: Estimated Quarterly Classification of Loans 

in Canada 125 

Government Bond Yields and Treasury Bill Rates .... 126 

Bond Issues and Retirements 127 

Foreign Exchange Rates 128 

Official Holdings of Gold and U.S. Dollars 128 

Canadian Balance of International Payments: 1952 and 1953 129-130 

Canadian Balance of International Indebtedness .... 131 

Canadian Gold Statistics 131 

Price Indexes 132 

Labour Force Status of the Population 132 

Employment and Labour Income 133 

Population Statistics | 133 

Volume of Industrial Production . . . - 134 

Capital Expenditures on Construction, Machinery and 

Equipment 134 

Selected Housing Statistics 135 

U.S.A. Economic Statistics 135 

External Trade and Trade Indexes 136 

Merchandise Exports: Commodity Classification by Volume 137 

Merchandise Imports: Commodity Classification by Volume 138 



CHARTS 

Chartered Banks: Agricultural, Industrial and Commercial 

Loans 126 

United States Dollar in Canadian Funds 128 



Tables and Charts may be reproduced or referred to provided that the Bank of Canada 
Statistical Summary, with its date, is specifically quoted as the source. Subscription: 25c per 
copy, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa. 



JULY 1954 




121 

Millions of Dollars 



JULY 1954 

BANK OF 



As at Dec. 31 ' 
1935 
1937 
1939 

1946 
1947 
1948 
1949 
1950 
1951 
1952 
1953 

End of 
1953— Apr. 
May 
June - 

July 
Aug. 
Sept. 
Oct. 
Nov. 
Dec 2 

1954— Jan. 
Feb. 
Mar. 
Apr. 
May 
June 



LIABILITIES 



Chartered Bank Cash 



Notes 
in Tills 



40.6 
53.9 
70.6 

176.9 
183.9 
190.8 
211.8 
231.3 
273.1 
272.5 
263.8 

232.7 
210.4 
239.0 
214.2 
247.7 
262.0 
211.2 
256.2 
263.8 

225.8 
201.6 
242.9 
211.0 
258.1 
228.5 



Deposits 

at 
B. ofC. 



181.6 
196.0 
217.0 

565.5 
536.2 
547.3 
541.7 
578.6 
619.0 
626.6 
623.9 

646.7 
594.9 
647.6 
646.6 
617.8 
616.9 
733.6 
625.6 
623.9 

634.4 
676.6 
660.0 
661.7 
589.3 
624.4 



Total 



222.2 
249.9 
287.6 

742.3 
720.1 
738.1 
753.5 
809.9 
892.1 
899.1 
887.7 

879.3 
805.4 
886.7 
860.8 
865.5 
878.9 
944.8 
881.8 
887.7 

860.2 
878.2 
902.9 
872.8 
847.4 
852.9 



Govt, of 
Canada 
Deposits 



17.9 
11.1 
46.3 

60.5 
68.8 
98.1 
30.7 
24.7 
94.9 
16.2 
51.5 

48.3 
45.6 
47.9 
43.8 
66.4 
15.4 
3.8 
50.3 
51.5 

48.8 
126.1 

81.8 

86.0 
143.8 

99.0 



Other 
Deposits 



3.5 
17.9 

93.8 
67.5 
81.0 
126.9 
207.1 
66.1 
44.5 
29.5 

76.8 
72.1 
82.6 
68.7 
35.2 
37.8 
37.2 
43.4 
29.5 

29.5 
34.4 
28.9 
27.3 
30.3 
41.4 



Foreign 
Currency 
Deposits 



1.0 
2.0 
.4 
79.6 
133.6 
155.6 
82.9 
63.8 

73.4 
64.8 
72.0 
80.9 
73.3 
74.9 
76.0 
67.2 
63.8 

71.3 
62.7 
60.8 
68.4 
71.3 
64.6 



Active 
B. of C. 

Note 
Circulation 



59.1 
111.4 
162.2 

1,009.3 
1,027.5 
1,098.3 
1,095.6 
1,136.1 
1,191.1 
1,288.7 
1,335.3 

1,272.1 
1,307.5 
1,290.0 
1,333.0 
1,302.0 
1,290.5 
1,344.7 
1,303.1 
1,335.3 

1,293.4 
1,304.6 
1,269.7 
1,324.7 
1,288.5 
1,325.0 



All 

Other 

Accounts 



7.7 
14.4 
13.3 

41.7 
40.4 
42.7 
39.5 
39.0 
44.4 
50.0 
69.3 

37.2 

50.1 
44.9 
65.4 
53.1 
63.0 
64.8 
78.5 
69.3 

70.3 
39.3 
41.2 
52.2 

44.4 
54.6 



Total 
Liabilities 



Assets 



307.7 
390.3 
527.2 

1,948.6 
1,926.2 
2,058.6 
2,125.9 
2,350.3 
2,444.1 
2,381.4 
2,437.2 

2,387.2 
2,345.4 
2,424.2 
2,452.6 
2,395.4 
2,360.5 
2,471.3 
2,424.3 
2,437.2 

2,373.5 
2,445.3 
2,385.3 
2,431.3 
2,425.6 
2,437.5 



JULY 1954 

CANADA 



ASSETS 



Gold 



180.5 
179.8 
225.7 



Silver 



1.6 
3.0 



Foreign 
Exchange 



.4.2 
14.9 
64.3 

1.0 
2.0 
.5 
74.2 
111.7 
117.9 
77.2 
55.1 

68.1 
59.4 
66.5 
75.0 
67.5 
69.1 
70.7 
61.4 
55.1 

61.7 
53.2 
50.1 
58.6 
61.8 
54.4 



Securities 



Under 2 yrs. I Over 2 yrs. 



30.9 
82.3 
181.9 

1,197.4 
1,022.0 
1,233.7 
1,781.4 
1,229.3 
1,141.8 
1,459.8 
1,376.6 

1,436.6 
1,364.8 
1,405.5 
1,451.6 
1,414.0 
1,385.7 
1,469.9 
1,378.6 
1,376.6 

1,328.3 
1,374.8 
1,552.8 
1,703.8 
1,740.4 
1,568.5 



83.4 
91.6 



708.2 
858.5 
779.1 
227.8 
712.5 
1,049.3 
767.2 
893.7 

796.0 
821.4 
852.0 
838.5 
830.9 
824.9 
812.1 
894.9 
893.7 

880.6 
900.8 
636.3 
568.0 
520.5 
702.0 



Ind. Dev. 

Bank 
Cap. Stock 



15.0 
25.0 
25.0 
25.0 
25.0 
25.0 
25.0 
25.0 

25.0 
25.0 
25.0 
25.0 
25.0 
25.0 
25.0 
25.0 
25.0 

25.0 
25.0 
25.0 
25.0 
25.0 
25.0 



Other 
Securities 



5.5 

247.9 

89.0 

13.0 

23.4 

15.0 
15.5 
15.5 
15.7 
15.8 
16.1 
36.4 
17.1 
23.4 

23.4 
23.4 
22.9 
23.0 
22.9 
46.2 



Total 



114.3 
186.1 
231.8 

1,920.6 
1,905.6 
2,037.7 
2,039.7 
2,214.7 
2,305.1 
2,265.0 
2,318.6 

2,272.7 
2,226.7 
2,298.1 
2,330.8 
2,285.8 
2,251.7 
2,343.5 
2,315.5 
2,318.6 

2,257.2 
2,324.0 
2,237.0 
2.319.8 
2,308.9 
2,341.7 



Advances 



3.5 



10.0 
10.0 



.4 
15.0 



All 

Other 

Accounts 



3.5 
6.5 
5.5 

27.1 
18.7 
20.4 
12.0 
24.0 
21.0 
39.2 
63.5 

46.4 
59.3 
59.5 
46.7 
42.1 
39.8 
57.1 
45.9 
63.5 

44.6 
58.1 
98.2 
52.5 
40.0 
41.4 



122 

Millions of Dollars 



As at Dec. 31 
1935 
1937 
1939 

1946 
1947 
1948 
1949 
1950 
1951 
1952 
1953 
End of 

Apr.— 1953 

May 

June 

July 

Aug. 

Sept. 

Oct. 

Nov. 

Dec. 

Jan.— 1954 

Feb. 

Mar. 

Apr. 

May 

June 



1. Includes foreign exchange items for foreign clients and also the Government of Canada and, commencing March 31, 1949, the Exchange Fund Account, 
minimum gold reserves requirement has been in suspense. 



Millions of Dollars 



CHARTER 

Bank of 



the transfer of Bank of Canada profits for the year ending December 31 from "All Other Accounts" to "Government of Canada Deposits". * Since May 1940 the 

ED BANKS 

Canada Millions of Dollars 



As at Dec. 31 




1926 


175 


1929 


175 


1933 


132 


1937 


102 


1947 


18 


1949 


14 


1950 


-6 


1951 


- 


1962 


- 


1953 


- 


End of 




1953— Apr. 


- 


May 


- 


June 


- 


July 


- 


Aug. 


- 


Sept. 


- 


Oct. 


- 


Nov. 


- 


Dec. 


" 


1954— Jan. 


_ 


Feb. 


- 


Mar. 


- 


Apr. 


- 


May 


- 


June 


- 



LIABILITIES 



Notes 



Deposits 



Public 
Demand 



609 

729 

502 

699 

2,296 

2,426 

2,770 

2,963 

3,242 

3,180 

3,115 
3,040 
3,143 
3,049 
3,139 
3,150 
3,152 
3,150 
3,180 

2,957 
2,900 
3,006 
2,974 
3,096 
3,138 



Notice 



Govt, of 

Canada 

and Prov. 



1,373 
1,434 
1,357 
1,583 
3,740 
4,433 
4,558 
4,612 
4,924 
5,034 

5,107 
5,100 
5,126 
5,152 
5,206 
5,226 
5,148 
5,068 
5,034 

5,093 
5,162 
5,245 
5,312 
5,378 
5,423 



Canadian 
Deposits 



31 
92 

61 
53 
376 
367 
500 
322 
255 
667 

419 
346 
365 
295 
306 
316 
444 
701 
667 

722 

781 
529 
423 
345 
367 



2,025 
2,270 
1,933 
2,387 
6,473 
7,348 
7,997 
8,088 
8,623 
9,122 

8,827 
8,681 
8,852 
8,694 
8,815 
8,884 
8,952 
9,142 
9,122 



9,033 
8,994 
8,885 
9,004 
9,126 



Foreign 



Total 
Deposit: 



334 
442 
322 
409 
824 
730 
735 
795 
865 
938 

915 
908 
904 
886 
872 
879 
883 
900 
938 

952 
923 
942 
972 
946 
958 



2,410 
2,820 
2,294 
2,819 
7,406 
8,177 
8,867 
9,003 
9,570 
10,140 

9,815 
9,656 
9,822 
9,640 
9,755 
9,834 
9,919 
10,130 
10,140 

10,004 
10,037 
10,023 
9,954 
10,040 
10,173 



ASSETS 



Cash 

in 

Canada 



228 
228 
196 
250 
720 
753 
810 
892 



879 
805 
887 
861 
865 
879 
945 
882 



878 
903 
873 
847 
853 



Securities 



Govt, of 
Canada 



Prov- 
incial 



304 

297 

651 

1,111 

. 3,116 

3,112 

3,079 

2,754 

2,784 

2,760 

3,038 
2,915 
2,854 
2,787 
2,813 
2,843 
2,726 
2,730 
2,760 

2,853 
2,851 
2,776 
2,772 
2,790 
2,793 



445 
416 
355 
379 
334 

309 
320 
310 
297 
299 
301 
319 
329 
334 

312 
289 
264 
261 
264 
270 



Foreign 
Govt. 



Other 



Total 



180 
151 
210 



59 
271 
242 
193 
200 
255 
236 

248 
252 
254 
257 
243 
251 
228 
223 
236 

276 
239 
235 
253 
235 
259 



242 
487 
545 
599 
567 
537 
501 

540 
537 
537 
532 
531 
522 
517 
506 
501 

504 
506 
500 
494 
490 
483 



484 
448 
861 
1,411 
3,874 
4,345 
4,286 
3,876 
3,955 
3,831 

4,135 
4,024 
3,956 
3,872 
3,886 
3,918 
3,789 
3,789 
3,831 

3,944 
3,885 
3,775 
3,780 
3,780 
3,806 



Loans 



151 
262 
106 
76 
105 
133 
134 
107 
155 
154 

152 
138 
123 
125 
135 
110 
144 
152 
154 

143' 
197 
167 
144 
215 
238 



970 
1,403 
898 
749 
1,921 
2,174 
2,651 
2,901 
3,188 
3,790 

3,372 
3,402 
3,469 
3,543 
3,621 
3,648 
3,718 
3,856 
3,790 

3,814 
3,825 
3,756 
3,776 
3,778 
3,789 



85 
122 
138 
113 
78 
97 
125 
127 
101 
107 

136 
124 
107 
106 
111 
124 
120 
120 
107 

115 
127 
143 
149 
147 
154 



273 

245 

90 

60 

56 

70 

100 

131 

170 

272 

178 
168 
179 
177 
195 
173 
208 
254 
272 

245 
248 
267 
265 
256 
259 



270 
251 
138 
166 
234 
211 
247 
278 
264 
268 

270 
273 
270 
254 
251 
251 
259 
260 
268 

275 
271 
271 
276 
280 
286 



1. Estimated month-end deposits payable in Canadian currency. 2. Includes inter-bank deposits. 

end Canadian deposits in 1926-35 and ihonthly average deposits in 1936 and after. 5. Bant of Canada notes in public circulation and until January ~195o"char"tered "tank note'drcilSon^tnTTatter'beiM,'" after September 1944, 

January 1950; liability for outstanding notes issued for circulation in Canada transferred to Bank of Canada during January 19S0. ur.uiatiun. 



Total 

Assets 



2,940 
3,521 
2,816 
3,281 
7,974 
8,718 
9,496 
9,610 
10,157 
10,722 

10,416 
10,242 
10,398 
10,210 
10,318 
10,398 
10,506 
10,720 
10,722 

10,604 
10,634 
10,611 
10,547 
10,648 
10,758 



DAILY AVERAGE DATA 




Cash 


Canadian 


Percent 
of Cash to 


Total 

Active 

Note 

Circulation 

5 




Canada 
3 


Deposits 
4 


Canadian 
Deposits 












Aver, of Daily Figures 


192 


1,958 


9.8 


195 


1926 


191 


2,293 


8.3 


205 


1929 


189 


1,941 


9.8 


157 


1933 


240 


2,357 


10.2 


200 


1937 


670 


6,209 


10.8 


1,013 


1947 


746 


7,178 


10.4 


1,087 


1949 


755 


7,487 


10.1 


1,085 


1950 


791 


7,759 


10.2 


1,132 


1951 


845 


8,110 


10.4 


1,207 


1952 


883 


8,624 


10.2 


1,275 


1953 


869 


8,618 


10.1 


1,257 


Apr.— 1953 


880 


8,699 


10.1 


1,269 


May 


865 


8,529 


10.1 


1,268 


June 


875 


8,685 


10.1 


1,286 


July 


874 


8,669 


10.1 


1,295 


Aug. 


878 


8,651 


10.1 


1,294 


Sept. 


889 


8,787 


10.1 


1,304 


Oct. 


892 


8,935 


10.0 


1,299 


Nov. 


896 


8,787 


10.2 


1,318 


Dec. 


917 


8,871 


10.3 


1,264 


Jan.— 1954 


894 


8,945 


10.0 


1,257 


Feb. 


902 


8,686 


10.4 


1,263 


Mar. 


871 


8,745 


10.0 


1,283 


Apr. 


885 


8,818 


10.0 


1,283 


May 


896 


8,857 


10.1 


1,286 


June 



V?i i L.^^^A:°°Ll J -l.?rJ^C-^^ Domini on Notes and .. Free -. Central Gold Reserve De^po^j^er^tha^date^Bank^ Canada Notes and Deposit,^ ^ Fjjgjg, .given •rygfjg. ° f n f y "™^ e nTng , l'n 



i approximate figure only. 6. 



123 






















JULY 1954 


JULY 1954 




















124 
















GENERAL PUBLIC HOLDINGS 


OF CERTAIN LIQUID ASSETS* 




























Currency, Bank Deposits and 


Government of Canada Securities 
































Bank of 


Canada 












Millions of Do 


liars 






































1 


. CANADIAN DOLLAR CURRENCY AND BANK DEPOSITS HE 


LD BY THE GENERAL PUBLIC, AND RELATED BANK ASSETS 




Currency and Active Bank deposits 


Inactive 

Chartered 

Bank 

Notice 

Deposits 


Total 

Currency 

and 

Bank 

Deposits 

Total 
Related 


Related Bank Assets 






Currency 
Outside Banks 


Active Bank Deposits i 


Total 

Currency 

and 

Active 

Bank 


Government of Canada debt 

held by Bank of Canada 

and Chartered Banks 


Other Related Bank Assets 3 






Chartered Banks 


Bank of 
Canada 
"Other" 


Total 


Chartered Bank Can. Loans 
and non-Govt. Securities 


Bk. of Can. 

Gold and 
Exchange 


Less: 

All 

Other 


Total 












Public 


Active 


Other 
excl. 


Total 


Less: 


Net 








Less: Govt. 














Notes 


Coin 


Total 


Demand 


Notice 


Govt, of 
Canada 


Float 


Total 


Deposits 




Deposits 


2 


Bank 

Assets 


Total 


Deposits 
4 


Net 
Total 


Loans 
5 


Securities 

6 


Total 


holdings 
(net) 


(net) 
7 






as at Dec. 31 
1950 


1,136 


78 


1,214 


2,770 


697 


413 


3,880 


450 


3,430 


207 


3,637 


4,851 


3,861 


8,712 


5,021 


280 


4,741 


2,910 


1,015 


3,925 


226 


180 


3,971 


as at Dec. 31 
1950 


1951 


1,191 


84 


1,275 


2,963 


717 


449 


4,129 


627 


3,502 


66 


3,568 


4,843 


3,894 


8,737 


4,945 


160 


4,785 


3,136 


922 


4,057 


49 


154 


3,952 


1951 


1952 


1,289 


88 


1,377 


3,242 


796 


453 


4,491 


740 


3,751 


45 


3,796 


5,173 


4,129 


9,302 


5,011 


19 


4,992 


3,444 


916 


4,360 


2 


52 


4,310 


1952 


1953 


1,335 


94 


1,429 


3,180 


823 


434 


4,437 


762 


3,675 


30 


3,705 


5,134 


4,211 


9,345 


5,030 


526 


4,504 


4,051 


835 


4,886 


3 


48 


4,841 


1953 


End of 
1953— Apr. 


1,272 


89 


1,361 


3,115 


831 


415 


4,361 


571 


3,790 


77 


3,867 


5,228 


4,276 


9,504 


5,271 


238 


5,033 


3,660 


849 


4,509 


2 


40 


4,471 


End of 
Apr-1953 

May 


May 


1,307 


91 


1,398 


3,040 


832 


403 


4,275 


609 


3,666 


72 


3,738 


5,136 


4,268 


9,404 


5,101 


184 


4,917 


3,664 


857 


4,521 


2 


36 


4,487 




1,290 


88 


1,378 


3,143 


835 


497 


4,475 


722 


3,753 


83 


3,836 


5,214 


4,291 


9,505 


5,112 


134 


4,978 


3,699 


848 


4,547 


2 


22 


4,527 


July 


1,333 


92 


1,425 


3,049 


839 


383 


4,271 


610 


3,661 


69 


3,730 


5,155 


4,313 


9,468 


5,077 


154 


4,923 


3,773 


828 


4,601 


2 


58 


4,545 


July 


Aug. 


1,302 


92 


1,394 


3,139 


851 


323 


4,313 


585 


3,728 


35 


3,763 


5,157 


4,355 


9,512 


5,058 


213 


4,845 


3,867 


829 


4,696 


2 


31 


4,667 


Aug. 
Sept. 
Oct. 


Sept. 


1,291 


92 


1,383 


3,150 


855 


432 


4,437 


622 


3,815 


38 


3,853 


5,236 


4,371 


9,607 


5,053 


92 


4,961 


3.882 


824 


4,706 


2 


62 


4,646 


Oct. 


1,345 


94 


1,439 


3,152 


844 


387 


4,383 


662 


3,721 


37 


3,758 


5,197 


4,304 


9,501 


5,008 


269 


4,739 


3,982 


835 


4,817 


22 


77 


4,762 


Nov. 


1,303 


94 


1,397 


3,150 


829 


362 


4,341 


757 


3,584 


43 


3,627 


5,024 


4,239 


9,263 


5,004 


613 


4,391 


4,129 


836 


4,965 


2 


95 


4,872 


Nov. 


Dec. 


1,335 


94 


1,429 


3,180 


823 


434 


4,437 


762 


3,675 


30 


3,705 


5,134 


4,211 


9,345 


5,030 


526 


4,504 


4,051 


835 


4,886 


3 


48 


4,841 


Dec. 


1954— Jan. 


1,293 


93 


1,386 


2,957 


832 


409 


4,198 


579 


3,619 


29 


3,648 


5,034 


4,261 


9,295 


5,061 


558 


4,503 


4,072 


815 


4,887 


2 


97 


4,792 


Jan.-1954 


Feb. 


1,305 


93 


1,398 


2,900 


845 


358 


4,103 


582 


3,521 


34 


3,555 


4,953 


4,317 


9,270 


5,127 


739 


4,388 


4,149 


795 


4,944 


2 


64 


4,882 


Feb. 


Mar. 


1,270 


89 


1,359 


3,006 


858 


512 


4,376 


666 


3,710 


29 


3,739 


5,098 


4,387 


9,485 


4,965 


313 


4,652 


4,066 


764 


4,830 


1 


2 


4,833 


Mar. 


Apr. 


1,325 


94 


1,419 


2,974 


868 


415 


4,257 


639 


3,618 


27 


3,645 


5,064 


4,444 


9,508 


5,044 


271 


4,773 


4,069 


755 


4,824 


3 


92 


4,735 


Apr. 


May 


1,288 


94 


1,382 


3,096 


875 


378 


4,349 


695 


3,654 


30 


3,684 


5,066 


4,502 


9,568 


5,051 


296 


4,755 


4,140 


755 


4,895 


3 


85 


4,813 


May 


June 


1,325 


94 


1,419 


3,138 


886 


474 


4,498 


757 


3,741 


41 


3,782 


5,201 


4,537 


9,738 


5,064 


190 


4,874 


4,181 


753 


4,934 


26 


96 


4,864 


June 











2 


. GOVERNMENT OF CANADA SECURITIES 
















Outstanding 


8 








DlSTRIB 


UTION 12 




Direct Funded Debt 


Guar- 
anteed 

Un- 
matured 
Funded 
Debt 


Exchange 
rate ad- 
justment 

11 


Total 

(including 
exchange 
rate adjust- 
ment) 


Bank • 
of 
Canada 


Chartered 
Banks 


Govern- 
ment 
Accounts 


General 
Public 




Unmatured 


Matured 

and 

out- 
standing 


Total 




Special 
Banking 
Issues ' 


Other 

Market 
Issues 


Non- 
market 
Debt 10 


Total 


as at Dec. 31 




























1950 


1,500 


12,586 


1,218 


15,304 


51 


15,355 


577 


+2 


15,934 


1,942 


3,079 


847 


10,066 


1951 


1,400 


12,225 


1,194 


14,819 


21 


14,840 


529 


-27 


15,342 


2,191 


2,754 


1,009 


9,388 


1952 


1,400 


12,020 


1,250 


14,670 


19 


14,689 


528 


-43 


15,174 


2,227 


2,784 


1,101 


9,062 


1953 
End of 
1953— Apr. 


1,400 


12,090 


1,632 


15,122 


19 


15,141 


523 


-37 


15,627 


2,270 


2,760 


1,314 


9,283 


1,600 


12,055 


1,190 


14,845 


19 


14,864 


528 


-36 


15,356 


2,233 


3,038 


1,090 


8,995 


May 


1,400 


12,055 


1,163 


14,618 


17 


14,635 


528 


-34 


15,129 


2,186 


2,915 


1,18316 


8,845 


June 


1,400 


12,055 


1,143 


14,598 


17 


14,615 


528 


-33 


15,110 


2,258 


2,854 


1,207 


8,791 


July 


1,400 


12,065 


1,126 


14,591 


17 


14,608 


527 


-35 


15,099 


2,290 


2,787 


1,220 


8,802 


Aug. 


1,400 


12,075 


1,109 


14,584 


18 


14,602 


527 


-35 


15,093 


2,245 


2,813 


1,236 


8,799 


Sept. 


1,400 


12,077 


1,091 


14,568 


18 


14,586 


527 


-38 


15,075 


2,211 


2,843 


1,251 


8,770 


Oct. 


1,400 


12,092 


1,167 


14,658 


19 


14,677 


527 


-37 


15,166 


2,282 


2,726 


1,262 


8,896 


Nov. 


1,400 


12,090 


1,632 


15,122 


19 


15,141 


527 


-38 


15,630 


2,273 


2,730 


.1,271 


9,356 


Dec. 


1,400 


12,090 


1,632 


15,122 


19 


15,141 


523 


-37 


15,627 


2,270 


2,760 


1,314 


9,283 


1954— Jan. 


1,400 


12,090 


1,605 


15,095 


19 


15,114 


523 


-38 


15,599 


2,209 


2,853 


1,304 


9,233 


Feb. 


1,400 


12,090 


1,585 


15,074 


20 


15,094 


673 


-40 


15,727 


2,276 


2,851 


1,261 


9,339 


Mar. 


1,400 


11,619 


1,562 


14,582 


62 


14,644 


673 


-35 


15,282 


2,189 


2,776 


1,151 


9,166 


Apr. 


1,400 


11,619 


1,539 


14,558 


51 


14,609 


673 


-31 


15,251 


2,272 


2,772 


1,139 


9,068 


May 


1,400 


11,619 


1,517 


14,536 


47 


14,583 


673 


-34 


15,222 


2,261 


2,790 


1,137 


9,034 


June 


1,400 


11,622 


1,494 


14,516 


71 


14,587 


673 


-34 


15,226 


2,270 


2,793 


1,142 


9,021 



•fa The term General Public refers to holdings of non-residents as well as 
residents; for an approximate division between resident and non-resident 
holdings on a quarterly basis and of resident holdings between corporate 
and non-corporate holdings as at year ends see pages 85-86. 

1. Total Canadian dollar deposits of the chartered banks and the Bank of 
Canada less: (a) Inactive chartered bank notice deposits which consist of 
the estimated aggregate minimum quarterly balances in chartered banks' 
persona] savings deposits in Canada plus non-personal notice deposits in 
Canada; <b) Float, i.e. cheques on other banks as shown in chartered bank 



3 


TOTAL OF CERTAIN LIQUID ASSETS HELD BY THE GENERAL PUBLIC, 






AND RELATED FACTORS 








LIQUID ASSETS 


Total 
Liquid 

Assets 

Total 
Related 


Related Factors 

is 




Currency 

and 

Active 

Bank 

Deposits 


Inactive 
Char- 
tered 
Bank 


Govt, of Canada 
Securities 


Bank 
. Assets 
other than 
Govt, of 


Govt, of 
Can. Debt 
less Govt. 
Deposits & 




Market 


Non- 






Notice 
Deposits 


Issues 
13 


market 
10 


Total 


Factors 


Securities 

14 


holdings of 
Govt.Accts 




















aa at Dec. 31 


4,851 


3,861 


8,848 


1,218 


10,066 


18,778 


3,971 


14,807 


1950 


4,843 


3,894 


8,194 


1,194 


9,388 


18,125 


3,952 


14,173 


1951 


5,173 


4,129 


7,812 


1,250 


9,062 


18,364 


4,310 


14,054 


1952 


5,134 


4,211 


7,651 


1,632 


9,283 


18,628 


4,841 


13,787 


1953 


5,228 


4,276 


7,805 


1,190 


8,995 


18,499 


4,471 


14,028 


Apr.-1953 


5,136 


4,268 


7,682 


1,163 


8,845 


18,249 


4,487 


13,762 


May 


5,214 


4,291 


7,648 


1,143 


8,791 


18,296 


4,527 


13,769 


June 


5,155 


4,313 


7,676 


1,126 


8,802 


18,270 


4,545 


13,725 


July 


5,157 


4,355 


7,690 


1,109 


8,799 


18,311 


4,667 


13,644 


Aug. 


5,236 


4,371 


7,679 


1,091 


8,770 


18,377 


4,646 


13,732 


Sept. 


5,197 


4,304 


7,729 


1,167 


8,896 


18,397 


4,762 


13,635 


Oct. 


5,024 


4,239 


7,724 


1,632 


9,356 


18,619 


4,872 


13,747 


Nov. 


5,134 


4,211 


7,651 


1,632 


9,283 


18,628 


4,841 


13,787 


Dec. 


5,034 


4,261 


7,628 


1,605 


9,233 


18,528 


4,792 


13,736 


Jan.-1954 


4,953 


4,317 


7,754 


1,585 


9,339 


18,609 


4,882 


13,727 


Feb. 


5,098 


4,387 


7,604 


1,562 


9,166 


18,651 


4,833 


13,818 


Mar. 


5,064 


4,444 


7,529 


1,539 


9.068 


18,576 


4,735 


13,841 


Apr. 


5,066 


4,502 


7,517 


1,517 


9,034 


18,602 


4,813 


13,789 


May 


5,201 


4,537 


7,527 


1,494 


9,021 


18,759 


4,864 


13,895 


June 



month-end returns to the Minister of Finance; (c) Canadian dollar deposits 
of the Government of Canada at the chartered banks and the Bank of 
Canada (shown in "Related Bank Assets" section); (d) Canadian dollar 
deposits of the chartered banks at the Bank of Canada. 

2. See footnote 1 (a). 

3. Net assets of the chartered banks and Bank of Canada other than Govern- 
ment of Canada Securities. 

4. See footnote 1 (c). 

5. For estimated quarterly classification of Canadian loans see page 125. 

6. Provincial, Municipal and "Other" securities. 



7. Net of all related asset and liability items of the chartered banks and Bank 
of Canada which are not shown elsewhere in this table; includes foreign 
currency items and liabilities to shareholders. 

8. Net of sinking fund holdings (except as noted in footnote 16). 

9. Treasury Bills; Deposit Certificates and short-term notes issued directly 
to the Bank of Canada and chartered banks. . 

10. Refundable Tax. War Savings Certificates and Canada Savings Bonds. 

11. Adjustment necessary to change value of foreign pay securities from £1 - 
4.86| U.S. = 4.86§ Cdn. to current rates of exchange. Official mid-rates of 
exchange have been used to September 30. 1950 and market rates thereafter. 

12. For detailed breakdown of distribution of Government of Canada debt as 
at year-ends see November 1953 Statistical Summary, pages 187-188. 



Including any special banking issues held by the general public. 

14. As shown in "Other Related Bank Assets". Section 1 above. 

15. The whole of the increase or decrease In Canada's foreign exchange 
reserves is embodied in the related factors. To the extent that such 
changes do not appear in Section 1, "Related Bank Assets", under the 
heading "Bank of Canada Gold and Exchange holdings (net)" they 
affect changes in Government of Canada Securities outstanding. 

16. Including 75 of bonds purchased in the New York market during May 1953 
which are held in a sinking fund account. 

Note: — Statistics for earlier years and further information with respect to 
^^~ details of compilation are available from the Research Department. 
Bank of Canada, on request. 



125 



JULY 1954 



Millions of Dollars 



CHARTERED BANKS 
Estimated Quarterly Classification of Loans in Canada 1 

Department of Finance and Bank of Canada 



As AT END OF 



1. Government and Other Public Services 

(1) Provincial governments 

(2) Municipal governments and school districts 

(3) Religious, education, health and welfare institutions. . 

Total Government and Other Public Services.. 

2. Financial 

(1) Investment dealers and brokers to the extent 

payable on call or within thirty days 

(2) Trust, loan, mortgage, investment and insurance 

companies and other financial institutions 

Total Financial 2 

3. Personal 

(1) Individuals, for other than business purposes, on the 

security of marketable stocks and bonds 

(2) Individuals, for other than business purposes, 

not elsewhere classified 

Total Personal 

4. Agricultural, Industrial and Commercial 

(1) Farmers 

(2) Industry: 

(a) Chemical and rubber products 

(b) Electrical apparatus and supplies 

(c) Food, beverages and tobacco 

(d) Forest products 

(e) Furniture 

(f) Iron and steel products 

(g) Mining and mine products 

(h) Petroleum and products 

(i) Textiles, leather and clothing 

(j) Transportion equipment 

(k) Other products 

Total Industry 

(3) Public utilities, transportation & communications 

(4) Construction contractors 

(5) Grain dealers and exporters 

(6) Instalment finance companies 

(7) Merchandisers 

(8) Other business 

Total Agricultural, Industrial & Commercial 
TOTAL LOANS IN CANADA 



1952 



June 



44.1 

106.7 

42.8 



193.6 

137.5 
93.4 



230.9 

293.0 
218.0 



511.0 



283.7 

39.6 
27.0 

151.2 

146.6 
16.7 

127.5 
40.6 
26.7 

152.6 
58.7 
53.3 



840.5 

57.5 
160.9 
202.4 
112.3 
460.1 
134.7 



2,252.1 
3,187.6 



Mar. June Sept. Dec 



2.3 

128.0 
44.1 



174.4 

139.8 
112.1 



251.9 

362.7 
253.0 



615.7 



282.8 

33.9 
19.5 

163.7 

154.6 
15.6 

124.4 
58.4 
33.3 

166.3 
60.5 
49.5 



879.8 

52.4 
141.2 

270.7 
189.0 
522.4 
154.6 



2,492.9 
3,535.0 



1953 



5.4 
96.7 
43.5 



145.6 

123.0 
122.9 



245.9 

331.4 
283.4 



614.8 



318.4 

33.4 
28.2 

150.5 

155.3 
16.3 

137.3 
53.1 
44.3 

180.0 
56.4 
53.8 



908.6 

67.0 
169.9 
229.1 
243.7 
583.2 
173.9 



2,693.8 
3,700.1 



10.6 

109.4 

47.1 



167.1 

110.1 
122.6 



232.7 

300.2 
298.2 



598.4 



354.0 

43.4 
41.9 

162.8 

139.8 
17.6 

124.5 
62.0 
55.6 

199.5 
52.8 
58.9 



958.8 

61.7 
175.0 
310.7 
249.3 
595.8 
179.4 



2,884.7 
3,882.9 



10.5 
92.1 
51.9 



154.5 

153.7 
111.7 



265.4 

434.2 
308.4 



742.6 



333.5 

57.0 
38.4 

186.4 

129.1 
16.5 

116.1 
67.9 
60.5 

164.2 
55.8 
54.1 



946.0 

59.7 

162.7 
391.2 
226.3 
584.2 
186.2 



2,889.8 
4,052.3 



1954 



Mar. June 



3.4 

136.3 

56.2 



195.9 

167.1 
125.3 



292.4 

379.0 
311.1 



690.1 



304.6 

64.0 
40.1 

163.9 

148.5 
18.4 

141.0 
66.3 
63.9 

177.6 
59.1 
57.4 



1,000.2 

50.8 
160.0 
394.4 
176.5 
607.8 
194.8 



2,889.1 
4,067.5 



The figures for September of each year have been published by the Depart- 
ment of Finance; all other figures are estimated. 



2. Excluding borrowings by instalment finance companies, and by individuals 
on the security of marketable stocks and bonds. 



JULY 1954 



126 



GOVERNMENT BOND YIELDS AND TREASURY BILL RATES 

Bank of Canada 





Government of Canada 






Theoreticals i 








15th of Each Month 






15 Yr. 


9 Yr. 


5Yr. 


2 Yr. 




Bond 


Bond 


Bond 


Bond 


Annual Average 










1947 


2.57 


2.25 


1.75 


1.43 


1948 


2.93 


2.72 


2.27 


1.44 


1949 


2.83 


2.64 


2.24 


1.66 


1950 


2.78 


2.67 


2.22 


1.81 


1951 


3.24 


3.18 


2.69 


2.37 


1952 


3.59 


3.58 


3.22 


2.69 


1953 


3.68 


3.67 


3.56 


3.26 


Monthly 










1953— May 


3.69 


3.62 


3.48 


3.21 


June 


3.72 


3.72 


3.54 


3.28 


July 


3.72 


3.71 


3.57 


3.28 


Aug. 


3.73 


3.72 


3.64 


3.36 


Sept. 


3.75 


3.77 


3.65 


3.41 


Oct. 


3.72 


3.75 


3.66 


3.48 


Nov. 


3.67 


3.74 


3.71 


3.44 


Dec. 


3.61 


3.64 


3.61 


3.20 


1954— Jan. 


3.55 


3.57 


3.55 


3.03 


Feb. 


3.44 


3.32 


3.31 


2.70 


Mar. 


3.27 


3.22 


3.16 


2.47 


Apr. 


3.10 


2.99 


2.92 


2.22 


May 


3.06 


2.87 


2.72 


2.22 


June 


3.11 


2.94 


2.77 


2.28 


July 


3.02 


2.84 


2.60 


2.00 



Long Term 




Market Yields 


Average of Business Days 


Canada 


U.K. 


U.S.A. 


2 


3 


4 


2.59 


2.61 


2.20 


2.93 


2.82 


2.41 


2.85 


2.93 


2.24 


2.77 


3.19 


2.24 


3.21 


3.49 


2.58 


3.54 


4.23 


2.64 


3.66 


3.86 


2.88 


3.64 


3.83 


3.05 


3.70 


3.85 


3.11 


3.72 


3.89 


2.98 


3.73 


3.83 


2.96 


3.73 


3.74 


2.93 


3.70 


3.68 


2.75 


3.65 


3.68 


2.77 


3.61 


3.70 


2.71 


3.53 


3.63 


2.61 


3.43 


3.62 


2.53 


3.22 


3.59 


2.43 


3.04 


3.54 


2.37 


3.01 


3.49 


2.44 


2.99 


3.41 


2.45 


2.88 


3.36 


2.35 



Tender Rates on 3 Month 


Treasury Bills 


Tender nearest 15th of Month 


Canada 


U.K. 


U.S.A. 


.406 


.507 


.592 


.411 


.509 


1.037 


.485 


.521 


1.096 


.552 


.516 


1.215 


.796 


.583 


1.555 


1.076 


2.167 


1.795 


1.688 


2.284 


2.006 


1.530 


2.383 


2.271 


1.699 


2.368 


2.229 


1.759 


2.365 


2.106 


1.795 


2.368 


2.116 


1.911 


2.150 


1.957 


1.929 


2.098 


1.438 


1.904 


2.097 


1.482 


1.877 


2.103 


1.682 


1.883 


2.132 


1.336 


1.741 


2.067 


1.024 


1.612 


2.111 


1.056 


1.56 


2.081 


1.066 


1.59 


1.707 


.813 


1.60 


1.582 


.633 


1.39 


1.559 


.701 



1. Payable in Canada only. 2. Government of Canada 3% due 1 Sept., 1961-66. 3. United Kingdom 3% due 15 Apr., 1959-69. 
4. U.S. Treasury 2%% due 15 Dec, 1963-68. It was not eligible for commercial banks before Dec. 1, 1952. 



CHARTERED BANKS: AGRICULTURAL, INDUSTRIAL AND COMMERCIAL LOANS 1 



millions or dollars 
1250 



millions or dollars 
1250 



1000 




750 



500 



1951 

1. Excluding loans to grain dealers. 

2. Including loans to instalment finance companies. 



1952 



1953 



1954 



127 

BOND ISSUES AND RETIREMENTS ' 

Par Values in Millions of Canadian Dollars 2 Bank °f Canada 



JULY 1954 





I-Govt. of Canada Direct & 
Guaranteed and Other C.N.R. 3 




II-Provincial Direct and Guaranteed 




New Issues 


Retirements 


Net New 
Issues 


New Issues 


Retirements 


Net New 




New 


Refunding 


Refunded 


Other 


Issues 


Calendar Years 
1949 

1950 
1951 
1952 
1953 


820.7 
2,191.7 
. 591.6 

827.1 
2,032.6 


1,236.7 

2,282.6 

922.1 

956.8 

1,591.2 


-416.0 

-90.9 

-330.5 

-129.7 

441.4 


409.5 
276.9 
329.2 
376.7 
341.9f 


54.1 

132.2 
90.1 
69.8 
33.4 


73.5 
131.8 
74.9 
87.5 
33.4 


78.3 
146.5 
137.2 

99.8 
127.8 


311.8 
130.8 
207.1 
259.2 
214.lt 


1952— IV 


797.4 


710.4 


87.0 




102.5 


2.9 


9.7 


25.4 


70.3 


1953—1 
II 
III 
IV 


377.4 

10.7 

30.3 

1,614.2 


391.3 

74.8 

62.1 

1,063.0 


-13.9 

-64.1 
-31.8 
551.2 




151.7f 
62.4t 
45.9 
82.0t 


3.8f 

26. Of 

3.7 


3.8 
3.7 

26.0 


39.3 

27.4 
27.0 
34.0 


112.3 
57.3 
22.5 
22.0t 


1954—1 
II 


200.7 
850.0 


594.3 
916.0 


-393.6 
-66.0 




204.5 
93.7 


7.2 
29.1 


6.0f 
30.2 


28.3 
32.4 


177.4t 
60.3 





HI-CORPORATIONS 




New Issues 


Retirements 


Net New 

Issues 




New 


Refunding 


Refunded 


Other 


Calendar Years 
1949 
1950 
1951 
1952 
1953 


254.9 
438.7 
394.4 
521.1 
408.lt 


41.8 
55.6 
17.1 
30.3 
1.2 


41.8 
55.6 
17.1 
30.3 
1.2 


86.6 

91.1 

114.0 

155.7t 

112.9t 


168.3 

347.6 

280.4 

365.4t 

295.2t 


1952— IV 


145.4 


22.0 


22.0 


52.2t 


93.2t 


1953—1 
II 
III 
IV 


168.5t 
100.2 
54.lt 
85.2 


.2 
.4 
.6 


.2 

.4 
.6 


37.2t 
24.9t 
22.lt 
28.7t 


131.3 
75.3 1 
32.lt 
56.6t 


1954—1 
II 


177.7 
153.2 


.7 
12.4 


.3 
12.9 


14.4t 
47.6 


163.8t 
105.2 



I+II+III 



Net New 
Issues 



64.0 
387.5 
157.0 
495.0t 
950.7t 

250.4t 

229.6t 
68.5t 
22.7t 

629.8t 

-52.4t 
99.4 



IV-Govt.ofCanadaTreasuryBills, 
Deposit Certificates and Short- 
TermNotesSoldDirectlytoBank 
of Canada and Chartered Banks 


Net New 
Issues 


Total 

Outstanding 

at End of Period 


-100 

300 

-100 

-100 

150 
-150 


1,200 
1,500 
1,400 
1,400 
1,400 

1,400 

1,550 
1,400 
1,400 
1,400 

1,400 

1,400 



SUMMARY OF CHANGES IN CURRENCY OF PAYMENT *■ 4 

)VERNMENT OF CAr 

Par Values in Millions of Canadian Dollars 



GOVERNMENT OF CANADA AND PROVINCIAL DIRECT AND GUARANTEED, OTHER C.N.R. 
2 AND CORPORATION BONDS 



Calendar Years 
1949 
1950 
1951 
1952 
1953 

1952— IV 

1953—1 
II 
III 

IV 

1954—1 
II 



NEW ISSUES were payable In : 



Canada 
only 



1,480.8 
2,874.0 
1,144.5 
1,568.1 
2,575.9t 

1,031.3 

611.7t 
167.2 
101.9t 
1,695. It 

438.5 
1,089.5 



New York 


Canada & 




only 


New York 




100.0 




.2 


137.5 


83.5 


.1 


277.8 


- 


.1 


203.2 


53.8 


- 


228.9 


12.5 


- 


38.9 


- 


- 


77.3 


12.5 


_ 


32.5 


- 


- 


32.7 


- 


- 


86.4 


- 


- 


137.4 


15.0 


_ 


48.9 


— 


- 



Total 



1,581.0 
3,095.1 
1,422.4 
1,825.1 

2,817.2t 

1,070.1 

701. 5t 

199.7 

134.6t 

1,781.4} 

590.9 
1,138.4 



RETIREMENTS were payable in: 



Canada 
only 



1,396.6 

2,444.1 

1,140.5 

l,275.9t 

l,824.5t 

809. 8 1 

460 .2 1 

120.9J 

103.4t 

l,140.0f 

638. 7 1 
980.7 











New York 


Canada & 


New York 




only 


New York 


& London 


5 


8.8 


10.9 


91.4 


9.2 


126.6 


78.9 


45.7 


12.4 


10.0 


38.2 


61.9 


14.9 


13.3t 


29.3 


9.2 


2.5 


16.0t 


12.8 


5.7 


7.4 


5.1 


1.1 


3.3 


.4 


7.1t 


2.6 


1.6 


.4 


2.9t 


3.8 


2.4 


1.2 


3.2t 


2.3 


.1 


2.8 


2.8t 


4.1 


1.6 


3.1 


.1 


2.6 


1.6 


.4 


44.3 


7.9 


5.7 


.4 



Total 



1,516.9 
2,707.6 
1,265.4 
1,330.1 1 
l,866.5f 

819.7t 

471.9t 

131. 2J 

111.9t 

l,151.6f 

643.4t 
1,039.0 



Net Increase 
In Bonds Outstand- 
ing Payable: 



In Canada Abr oad 
only 



84.2 

430.0 

4.0 

292.2t 

751.3t 

221.4t 

lSl.Sf 

46.4t 

-1.6t 

555.0t 

-200.2t 
108.8 



-20.2 
-42.5 
153.0 
202.7t 
199.4 1 

29.0 

78.lt 
22.1J 

24.3J 
74.8t 

147.8 
-9.4 



1. Subject to revision. The figures exclude changes in refundable taxes, 
provincial treasury bills and the issues and retirements of municipalities 
and religious institutions. The net repayments of refundable tnxes were 

287, 56. 90 and 24 from 1949 to 1952 and the net increases in municipal 3. 
bonded debt are estimated to have been 105, 136, 176, 185 and 181 from 4. 
1949 to 1953. 5. 

2. Foreign currencies have been converted to Canadian dollars at official t 



rates of exchange to Sept. 30, 1950, and at market noon rates thereafter. 

In the case of optional-pay issues the option most favourable to the lender 

has been taken. 

Excludes issues shown in item IV below. 

Excludes issues shown in item IV above. 

Including issues payable optionally in Canada or London. 

Revised. 



JULY 1954 



Cents per Unit 



FOREIGN EXCHANGE RATES 1 

Bank of Canada 





U.S. Dollar in Canada 


£ Sterling in Canada 


Days 


High 


Low 


Average 
Noon Rate 


High 


Low 


Average 
Noon Rate 


1951 


107.31 


101.19 


105.28 


300.50 


281.38 


294.68 


1952 


101.13 


95.88 


97.89 


281.25 


266.75 


273.40 


1953 


99.78 


96.75 


98.34 


280.94 


272.38 


276.66 


1953-Jan. 


97.38 


96.75 


97.05 


273.56 


272.38 


273.05 


Feb. 


98.44 


97.00 


97.73 


277.50 


273.44 


275.55 


Mar. 


98.63 


97.75 


98.33 


277.63 


275.31 


276.92 


Apr. 


98.63 


98.00 


98.37 


277.94 


275.69 


277.13 


May 


99.78 


98.66 


99.41 


280.94 


278.06 


279.80 


June 


99.63 


99.16 


99.44 


280.38 


278.88 


279.82 


July 


99.44 


98.94 


99.18 


279.88 


278.56 


279.29 


Aug. 


99.00 


98.69 


98.83 


278.81 


277.50 


278.25 


Sept. 


98.88 


97.78 


98.43 


277.69 


274.00 


275.94 


Oct. 


98.66 


97.75 


98.25 


276.75 


273.88 


275.76 


Nov. 


98.03 


97.38 


97.77 


275.56 


273.88 


274.89 


Dec. 


97.63 


97.00 


97.31 


274.44 


272.63 


273.52 


1954-Jan. 


97.56 


97.03 


97.29 


274.38 


272.88 


273.56 


Feb. 


97.13 


96.34 


96.65 


273.13 


271.13 


271.93 


Mar. 


98.19 


96.47 


97.08 


276.44 


271.50 


273.29 


Apr. 


98.75 


97.66 


98.25 


278.31 


275.06 


276.93 


May 


98.59 


98.06 


98.43 


278.00 


276.44 


277.48 


June 


98.47 


97.78 


98.13 


277.56 


275.63 


276.61 


July 


97.91 


97.09 


97.44 


275.94 


273.69 


274.59 



128 

OFFICIAL HOLDINGS OF 
GOLD AND U.S. DOLLARS 1 

$ mm. U.S. Dept. of Finance 



End 




U.S. 




of 
period 


Gold 


Dollars 


Total 


1951 


841.7 


936.9 


1,778.6 


1952 


885.0 


975.2 


1,860.2 


1953 


986.1 


832.4 


1,818.5 


1953-Jan. 


888.5 


978.3 


1,866.8 


Feb. 


892.9 


944.2 


1,837.1 


Mar. 


905.8 


939.5 


1,845.3 


Apr. 


913.7 


930.0 


1,843.7 


May 


923.0 


838.2 


1,761.2 


June 


934.7 


815.4 


1,750.1 


July 


942.2 


813.5 


1,755.7 


Aug. 


951.0 


813.4 


1,764.4 


Sept. 


959.8 


827.5 


1,787.3 


Oct. 


968.3 


816.2 


1,784.5 


Nov. 


976.4 


830.3 


1,806.7 


Dec. 


986.1 


832.4 


1,818.5 


1954-Jan. 


997.5 


836.6 


1,834.1 


Feb. 


1,007.8 


845.7 


1,853.5 


Mar. 


1,015.7 


811.5 


1,827.2 


Apr. 


1,021.9 


788.6 


1,810.5 


May 


1,027.3 


794.9 


1,822.2 


June 


1,033.7 


829.6 


1,863.3 


July 


1,039.9 


852.9 


1,892.8 



1. Rates are as reported on transactions between banks in the exchange market. 



Gold and U.S. dollars held by the Exchange Fund 
Account and Bank of Canada and U.S. dollars held by 
other Govt, of Canada Accounts. 



UNITED STATES DOLLAR IN CANADIAN FUNDS 



CANADIAN DOLLARS 



CANADIAN DOLLARS 



1.10 



1.05 



1.00 



.95 



i i 

1950 



MONTHLY 



9800 



JULY 1954 



BUSINESS DAYS 



.9800 




I I 1 I I 1 I I 1 I ' 



'95! 



I I I I I I I I I I I 



1952 



I I 



I I 



J_L 



I I 1 l l 1 I I 



1.10 



1.05 



1.00 



.95 



1953 



1954 



129 



Millions of Canadian Dollars 



CURRENT ACCOUNT 



JULY 1954 JULY 1954 

CANADIAN BALANCE OF INTERNATI ONAL PAYMENTS : 1952* AND 1953** 

Compiled from "The Canadian Balance of Internatio nal Payments, 1953", Dominion Bureau of Statistics 



All Countries 

Merchandise trade (adjusted) 

Mutual Aid to NATO countries i . . . . 
Gold production available for export 

Travel expenditures 

Interest and dividends 

Freight and shipping 

Inheritances and migrants' funds. . . . 
Other current transactions 

Total Current Account. 

United States 

Merchandise trade (adjusted) 

Gold production available for export 

Travel expenditures 

Interest and dividends 

Freight and shipping 

Inheritances and migrants' funds. . . . 
Other current transactions 

Total Current Account . 

United Kingdom 

Merchandise trade (adjusted) 

Travel expenditures 

Interest and dividends 

Freight and shipping 

Inheritances and migrants' funds. . . . 
Other current transactions 

Total Current Account. 

Other Sterling Area 

Merchandise trade (adjusted) 

Travel expenditures 

Interest and dividends 

Freight and shipping 

Inheritances and migrants' funds. . . . 
Other current transactions 

Total Current Account. 

Total Sterling Area 

Merchandise trade (adjusted) 

All other current transactions 

Total Current Account. 

Other O.E.E.C. Countries 2 

Merchandise trade (adjusted) 

Travel expenditures 

Interest and dividends 

Freight and shipping 

Inheritances and migrants' funds. . . , 
Other current transactions 

Total Current Account. 

All Other Countries 

Merchandise trade (adjusted) 

Travel expenditures 

Interest and dividends 

Freight and shipping 

Inheritances and migrants' funds. . . . 
Other current transactions 

Total Current Account. 



1952* 



Receipts 



4,339 
200 
150 
275 
145 
383 
85 
281 



5,858 



2,346 
150 
257 

85 
174 

38 
224 



3,274 



727 
10 
29 

105 
20 
34 



293 
3 
7 
20 
3 
5 



331 



1,020 
236 



1,256 



473 

4 

13 

43 

20 

9 



562 



500 

1 

11 

41 

4 

9 



566 



Payments 



3,850 
200 

341 
413 
375 
94 
421 

5,694 



2,817 

294 
344 
302 
77 
289 



4,123 



350 
27 
56 
42 
12 
50 

537 



185 
5 

5 

1 

21 

217 



535 
219 



754 



149 
13 
11 
19 
3 
35 

230 



349 
2 
2 
7 
1 



Balance 



150 

66 

268 



9 
140 



471 
150 
37 
259 
128 
39 
65 



849 



377 
17 
27 
63 
8 
16 



108 
2 
7 

15 
2 

16 



485 
17 



324 

9 

2 

24 

17 

26 



332 



151 

1 

9 

34 

3 

17 



179 



1953* 



Receipts 



4,152 
246 
144 
302 
164 
337 
92 
321 



5,758 



2,458 
144 
282 

99 
164 

41 
255 



3,443 



12 
31 
87 
19 
37 



842 



251 
3 

12 

20 

4 



296 



907 
231 



1,138 



371 
4 
12 
36 
22 
10 



455 



416 

1 

10 

30 

6 

13 



476 



Payments 



4,209 
246 

365 
410 
382 
91 
494 



6,197 



3,046 

307 
341 
301 
74 
298 



4,367 



462 
31 
55 
45 
12 
95 



700 



172 
6 

6 
1 

24 



209 



634 
275 



909 



173 
18 
12 
23 
3 
47 



276 



356 
3 
2 
7 
1 
30 



399 



Balance 



57 

144 
63 

246 

45 

1 

173 



439 



588 
144 
25 
242 
137 
33 
43 



924 



194 
19 
24 
42 
7 
58 



142 



79 
3 

12 

14 
3 

18 



273 
44 



229 



198 
14 

13 
19 
37 



60 
2 
8 

23 
5 

17 



77 



Revised estimates. ** Preliminary. 

Mutual Aid to NATO countries is included in the statement for all countries 
but not in the bilateral statements. It consists of contributions to North 
Atlantic Treaty countries of equipment and supplies and the provision of 
air training by the Canadian Government. The entries under "Receipts', 



covering exports of goods and services are offset by entries of corresponding 
size under "Payments" representing the cost to the Government of Canada. 
"Other O.E.E.C. Countries" include all the countries participating in the 
Organization for European Economic Co-operation which are not also 
members of the sterling area, namely, Austria, Belgium, Luxembourg, 



CAPITAL ACCOUNT 



All Countries 

Net non-resident direct investment in Canada 3 

Net Canadian direct investment abroad 3 

Loan repayments to Government of Canada 

New issues and retirements of Canadian securities 

Sales and purchases of outstanding Canadian securities 

Sales and purchases of foreign securities 

Decrease in Canadian dollar holdings of foreigners 4. . . 
Inc. or dec. in official holdings of gold & foreign exchange 
Other capital transactions, net 5 



Net Capital Movement. 



United States « 

Non-resident direct investment in Canada 3 

Net Canadian direct investment abroad 3 

New issues and retirements of Canadian securities 

Sales and purchases of outstanding Canadian securities 

Sales and purchases of foreign securities 

Decrease in Canadian dollar holdings of foreigners*. . . 
Inc. or dec. in official holdings of gold & U.S. dollars. . 

Other capital transactions, net 5 

Balance settled by exchange transfers 



Total Financing of Current Account Balance. 



United Kingdom and Other Sterling Area 

Net non-resident direct investment in Canada 3 

Net Canadian direct investment abroad 3 

Loan repayments to Government of Canada 

New issues and retirements of Canadian securities. . ._. . 
Sales and purchases of outstanding Canadian securities 

Sales and purchases of foreign securities 

Decrease in Canadian dollar holdings of foreigners*. . . 

Increase or decrease in official holdings of sterling 

Other capital transactions, net 5 

Balance settled by exchange transfers 



Total Financing of Current Account Balance. 



Other O.E.E.C. Countries 

Net non-resident direct investment in Canada 3 

Net Canadian direct investment abroad 3 

Loan repayments to Government of Canada 

New issues and retirements of Canadian securities 

Net sales of outstanding Canadian securities 

Net purchases of foreign securities 

Inc. or decrease in Cdn. dollar holdings of foreigners*. 

Other capital transactions, net 5 

Balance settled by exchange transfers 



Total Financing of Current Account Balance. 



All Other Countries 

Net non-resident direct investment in Canada 3 

Net Canadian direct investment abroad 3 

Loan repayments to Government of Canada .... 

New issues and retirements of Canadian securities. . . 
Net sales & purchasesof outstanding Canadian securities 

Net purchases of foreign securities 

Decrease in Canadian dollar holdings of foreigners*. 

Other capital transactions, net 5 

Balance settled by exchange transfers 



Total Financing of Current Account Balance. 



1952» 



Receipts 



316 

423 

81 



363 

315 

366 

76 



Payments 



44 


319 




42 


75 


240 


70 


104 


72 


4 




37 




80 




458 




1,007 



Balance 



346 




77 




56 




227 


342 


94 


379 


8 


118 


66 




37 




511 





15 
19 
37 
8 
3 
3 
22 
43 
62 
486 



502 



10 
2 

16 
5 
9 

5 

23 

378 



332 



2 
14 
3 

4 
15 

2 

14 

143 



179 



130 



Millions of Canadian Dollars 



1953* 



Receipts 



329 

272 
112 



Payments 



142 
410 
119 



132 
352 
109 



Denmark France, West Germany. Greece, Italy. Netherlands. Norway, 
Portugal, Sweden, Switzerland and Turkey, and their overseas territories. 
Excluding undistributed profits. 

Excluding holdings of International Monetary Fund and International 
Bank for Reconstruction and Development. 



Including changes in open account commercial indebtedness, private and 
chartered bank holdings of exchange and other capital transactions, and also 
balancing item representing unrecorded capital movements, errors and 



6. Including some capital transactions on account of "All Other Countries" 



131 



JULY 1954 



Billions of Dollars 



CANADIAN BALANCE OF INTERNATIONAL INDEBTEDNESS 

'The Canadian Balance of International Payments, 1953", Dominion Bureau of Statistics 



End of Year 



1945 



1946 1947 1948 1949 1950 1951 1952 1953 



A. Canadian Liabilities (Foreign Capital Invested in Can.) 

United States investment in Canada 

United Kingdom investment in Canada 

Other countries investment in Canada , 

Total — Non-resident long-term investment in Canada. . 

Equity of non-residents in Canadian assets abroad 

Canadian dollar holdings of non-residents 

Canadian short-term assets of IMF and IBRD ' 

Gross Liabilities 2 

B. Canadian Assets (Canadian Capital Invested Abroad): 

Direct investments abroad 

Portfolio holdings of foreign securities 

Government of Canada credits 

Government of Canada subscriptions to IMF and IBRD ' . . 

Total — Canadian long-term investment abroad 

Government of Canada holdings of gold and foreign ex- 
change 

Other Canadian short-term assets abroad 

Gross Assets 2 

Canadian Net indebtedness 2 



5.0 
1.7 

0.4 

7.1 

0.2 
0.3 



7.6 



0.7 
0.6 
0.7 



2.0 



5.2 
1.6 
0.4 



7.2 

0.3 
0.4 



7.8 



0.8 
0.6 
1.4 



2.7 

1.3 

4.0 
3.8 



5.2 
1.6 
0.3 



7.2 

0.3 
0.3 
0.3 



8.1 



0.8 
0.6 
1.8 
0.4 

3.6 



0.5 

4.1 
4.0 



5.6 
1.6 
0.3 



5.9 
1.7 
0.3 



6.6 
1.7 

0.4 



7.3 
1.8 
0.4 



8.0 

1.9f 

0.5f 



7.5 

0.3 
0.3 
0.3 



8.0 

0.3 
0.4 
0.3 



8.7 

0.3 
0.6 
0.3 



9.5 

0.4f 

0.4 

0.3 



10.4f 

0.4f 

0.3 

0.3 



8.4 



0.8 
0.6 

1.9 
0.4 

3.6 



1.0 

4.7 
3.7 



8.9 



0.9 
0.6 
2.0 
0.4 

4.0 



1.2 
0.1 

5.2 

3.7 



9.9 



1.0 
0.6 

2.0 
0.4 

4.0 



1.9 
0.1 

5.9 

4.0 



10.6f 



1.2 
0.6 
1.9 
0.4 

4.1 



1.8 
0.1 

6.0f 

4.6 



11.4f 



1.8 
0.3 

6.5f 

4.9f 



8.6 
2.6* 



11.2 

0.5 
0.3 
0.3 



12.3 



1.4 
0.8 
1.8 
0.4 

4.4 



1.8 
0.4 

6.6 

5.7 



1. International Monetary Fund and International Bank for Reconstruction 
and Development. 

2. Exclusive of short-term commercial indebtedness and blocked currencies. 



3. New series. 

t Revised. 

* Not available separately. 



Thousands of Fine Ounces 



CANADIAN GOLD STATISTICS 

Bank of Canada 













Net Increase or 


Net Increase or 




New Gold 






Net Increase 


Decrease in 


Decrease in 




Production 


Physical 


Physical 


or Decrease 


Canadian 


Foreign Owned 
Gold Held in 




available 


Imports 


Exports 


in Official 


Owned Gold 




for Export 






Holdings 


Held in Safe- 


Safekeeping in 




1 


2 


3 


4 


keeping Abroad 


Canada 


Calendar Years 














1946 


2,600 


5 


9,834 


5,253 


- 


12,482 


1947 


2,851 


2 


15,524 


7,155 


- 


5,516 


1948 


3,423 


2,384 


2,505 


3,291 


- 


// 


1949 


3,866 


11 


1,967 


2,440 


- 


530 


1950 


4,283 


12,571 


980 


2,682 


2,857 


16,049 


1951 


4,080 


12,104 


347 


7,507 


143 


8,473 


1952 


4,310 


25 


19,246 


1,246 


2,565 


18,723 


1953 


4,167 


163 


1,181 


2,901 


143 


105 


Quarters 














1952—1 


1,150 


8 


11,723 


708 


3,000 


14,274 


II 


987 


2 


3,189 


519 


715 


2,004 


III 


1,083 


13 


1,343 


35 


121 


333 


IV 


1,091 


2 


2,992 


53 


159 


2,112 


1953—1 


1,372 


65 


552 


599 


143 


143 


II 


1,071 


- 


309 


828 


- 


66 


III 


880 


32 


193 


720 


- 


1 


IV 


846 


64 


127 


754 


- 


29 


1954—1 


1,022 


13f 


66 


849 


- 


119 


II* 


1,256 


32 


313 


519 


143 


314 



Newly mined gold sold by the Mint (excl. sales for industrial purposes) 
plus exports of raw gold or concentrates direct from the mines for refining 
abroad plus commercial sales of gold abroad by mines beginning November 
1, 1951. Beginning November 1, 1951, the series excludes increases in 
commercial gold stocks held in safekeeping by the Mint for the account 
of the mines. 



2. Excluding small amounts of unmanufactured gold, scrap and manufactured 
forms which are shown under various headings in the import returns. 

3. Excluding the gold content of exports of jewellers' sweepings and precious 
metals scrap which are shown in the export returns. 

4. Holdings of the Exchange Fund and Bank of Canada. 
* Preliminary. t Revised. 



JULY 1954 



132 



PRICE INDEXES 

"Prices and Price Indexes", Dominion Bureau of Statistics 
WHOLESALE PRICES CONSUMER PRICES 2 

Index 1935-39 = 100 Index 1949 = 100 





Total 
Index 

(Mid- 
Month) 


Raw and 
Partly 
Manu- 
factured 


Fully & 
Chiefly 
Manu- 
factured 


FARM PRODUCTS • 


Total 
Index 

(1st of 
Month) 


Food 


Shelter 


Clothing 


Household 
Operation 


Other 
Com- 
modities 
& Services 




Field 


Animal 


Total 




100 


32 


IS 


11 


17 


25 


Average of Months 
1950 


211.2 


212.8 


211.0 


191.9 


281.4 


236.7 


102.9 


102.6 


106.2 


99.7 


102.4 


103.1 


1951 


240.2 


237.9 


242.4 


200.4 


336.9 


268.6 


113.7 


117.0 


114.4 


109.8 


113.1 


111.5 


1952 


226.0 


218.7 


230.7 


223.0 


277.5 


250.2 


116.5 


116.8 


120.2 


111.8 


116.2 


116.0 


1953 


220.7 


207.0 


228.8 


175.1 


263.8 


219.5 


115.5 


112.6 


123.6 


110.1 


117.0 


115.8 


Monthly 
1953— Jan. 


221.5 


209.3 


228.7 


201.6 


266.4 


234.0 


115.7 


113.5 


122.3 


109.7 


116.5 


116.7 


Feb. 


221.1 


208.0 


228.8 


196.6 


263.1 


229.9 


115.5 


112.7 


122.5 


109.6 


116.6 


116.7 


Mar. 


221.9 


209.9 


229.2 


191.9 


264.3 


228.1 


114.8 


111.6 


122.5 


109.7 


116.7 


115.2 


Apr. 


219.5 


205.6 


227.8 


187.6 


255.8 


221.7 


114.6 


110.9 


122.7 


109.7 


116.9 


115.0 


May 


220.0 


206.4 


228.2 


185.2 


263.2 


224.2 


114.4 


110.1 


122.9 


110.1 


116.6 


115.1 


June 


221.5 


207.2 


230.2 


184.5 


268.7 


226.6 


114.9 


111.4 


123.6 


110.1 


116.6 


115.1 


July 


221.0 


207.2 


229.3 


187.7 


265.3 


226.5 


115.4 


112.7 


123.9 


110.3 


117.0 


115.2 


Aug. 


222.2 


210.1 


229.7 


157.2 


269.9 


213.6 


115.7 


112.8 


124.1 


110.4 


117.2 


115.8 


Sept. 


221.2 


207.1 


229.8 


154.0 


263.7 


208.9 


116.2 


114.0 


124.2 


110.4 


117.4 


115.9 


Oct. 


220.4 


205.0 


228.8 


151.7 


265.3 


208.5 


116.7 


115.5 


124.5 


110.3 


117.5 


116.0 


Nov. 


218.7 


203.3 


228.0 


151.7 


258.0 


204.9 


116.2 


113.4 


125.0 


110.3 


117.4 


116.3 


Dec. 


219.0 


204.4 


227.6 


151.9 


261.6 


206.8 


115.8 


112.1 


125.2 


110.2 


117.4 


116.3 


1954— Jan. 


219.8 


206.5 


227.8 


152.5 


266.3 


209.4 


115.7 


111.6 


125.4 


110.1 


117.5 


116.4 


Feb. 


219.0 


205.1 


227.3 


152.9 


264.7 


208.8 


115.7 


111.7 


125.4 


110.0 


117.5 


116.5 


Mar. 


218.6 


204.3 


226.9 


151.3 


262.0 


206.7 


115.5 


110.7 


125.6 


109.8 


117.6 


116.6 


Apr. 


217.9 


205.7 


225.1 


150.6 


260.4 


205.5 


115.6 


110.4 


125.6 


109.9 


118.1 


117.2 


May 


218.2 


207.5 


224.5 


151.2 


268.0 


209.6 


115.5 


110.2 


125.8 


109.9 


117.3 


117.5 


June 


217.8 


206.7 


224.5 


151.9 


267.3 


209.6 


116.1 


112.0 


126.4 


109.7 


117.1 


117.5 


July 














116.2 


112.1 


126.6 


109.6 


117.2 


117.6 



1. An independent series with different weighting and different prices from 
those included in the "Total Index". Prices include subsidies. Prices used for 
western wheat, oats and barley are initial payments to farmers plus retro 
active revisions to include participation payments as these are announced. 



2. Components were selected and weighted on the basis of 1948 urban family 
incomes ranging from $1,650 to $4,050 with incomes between $2,000 and 
$3,000 most common. 



Estimates in Thousands 



LABOUR FORCE STATUS OF THE POPULATION * 

"The Labour Force", Dominion Bureau of Statistics, Department of National Defence 







At work 


At work less than 


With jobs but 








Total 








35 hours or more 


35 hours 


NOT AT WORK 


Without 


Total 


Not in 
Labour 
Force 


Civilian 
non- 




In Wee 
Endinc 


K 


Agri- 
culture 


Non- 
Agri- 
culture 


Usually 

work 
less than 
35 hrs. 


Usually work 
35 hrs. or more 


Lay-off 


Other 
reasons 


jobs 

AND 

SEEKING 

WORK 


Civilian 
Labour 
Force 


TIONAL 

Popula- 
tion 14 

YEARS OF 

AGE AND 

OVER 


Armed 
Forces 




Lay off 
and 
short 


Other 
reasons 














time 


2 


3 


4 


5 










1952— Dec. 


13 

24 


701 
687 


3,834 
3,836 


v" 

458 


26 
48 


100 
121 


131 

187 


5,250 
5,200 


4,685 
4,764 


9,935 

9,964 


100 


1953— Jan. 


198 


45 


78 


103 


Feb. 


21 


680 


3,838 


196 


41 


84 


52 


124 


179 


5,194 


4,786 


9,980 


104 


Mar. 


21 


719 


3,815 


195 


41 


89 


39 


122 


172 


5,192 


4,794 


9,986 


104 


Apr. 


18 


766 


3,879 


192 


30 


74 


27 


108 


165 


5,241 


4,761 


10,002 


105 


May 


16 


821 


3,899 


211 


32 


145 2 


11 


88 


114 


5,321 


4,685 


10,006 


105 


June 


20 


838 


4,050 


195 


28 


61 


10 


115 


90 


5,387 


4,633 


10,020 


105 


July 


18 


927 


3,880 


184 


28 


63 


13 


330 


90 


5,515 


4,522 


10,037 


105 


Aug. 


22 


908 


3,912 


168 


33 


72 


17 


305 


92 


5,507 


4,550 


10,057 


106 


Sept. 


19 


847 


4,049 


169 


35 


75 


13 


126 


84 


5,398 


4,682 


10,080 


106 


Oct. 


24 


776 


4,054 


182 


46 


58 


14 


110 


111 


5,351 


4,744 


10,095 


107 


Nov. 


21 


733 


3,981 


194 


60 


68 


27 


102 


151 


5,316 


4,791 


10,107 


107 


Dec. 


12 


702 


3,848 


186 


65 


1712 


26 


87 


190 


5,275 


4,840 


10,115 


107 


1954— Jan. 


23 


681 


3,784 


186 


65 


107 


24 


115 


280 


5,242 


4,887 


10,129 


110 


Feb. 


20 


700 


3,742 


194 


65 


95 


23 


99 


312 


5,230 


4,909 


10,139 


111 


Mar. 


20 


723 


3,736 


193 


71 


82 


21 


92 


318 


5,236 


4,912 


10,148 


113 


Apr. 


17 


752 


2,138 6 


203 


66 


1,686 6 


20 


89 


303 


5,257 


4,901 


10,158 


113 


May 


22? 


838 


3,891 


223 


51 


77 


10 


85 


217 


5,392 


4,842 


10,234 7 


114 


June 


19 


846 


3,980 


209 


54 


82 


* 


99 


185 


5,462 


4,778 


10,240 


114 



1. Estimates based on a sample of about 30,000 households and therefore 
subject to sampling error which is relatively larger the smaller the estimate. 

2. Principal reasons are bad weather, illness, vacations and, at Christmas and 
Easter, observance of religious holidays. 

3. Includes only those who had definite instructions to return to their jobs 
within 30 days of date on which lay-off began. 

4. Principal reasons are illness and vacations. 

5. Includes persons who, though having jobs, did not work but sought work 
and those who would have sought work but were temporarily ill, on in- 



definite or prolonged lay-off, or believed no work was available. 

6. The unusually small number working 35 hours or more and the unusually 
large number working less than 35 hours was due to Good Friday being 
in the survey week. 

7. Commencing in May 1954, the coverage of the survey was increased 
to include representation for some of the remote areas not previously 
covered. The change was about 0.6 per cent for Canada as a whole in all 
characteristics. 

* Less than 10,000. 



133 



JULY 1954 



EMPLOYMENT AND LABOUR INCOME 

"Employment and Payrolls" , "Man-Hours and Hourly Earnings" and "Estimates of Labour Income", Dominion Bureau of Statistics 





EMPLOYMENT INDEXES l. 2 


AVERAGE HOURS WORKED I, 3 


AVERAGE HOURLY 
EARNINGS 13. 4 






Indus- 
trial 
Composite 


Manu- 
facturing 


Con- 
struction 


Mining 


Manu- 
facturing 


Con- 
struction 


Mining 






Manu- 
facturing 


Con- 
struction 


Mining 


Monthly 
Labour 
Income 

4. 5 




Index 1949 = 100 


Hours per week 


Cents 


Millions $ 


Monthly Average 
1950 


101.5 


100.9 


102.4 


105.5 


42.3 


39.9 


43.0 


103.6 


105.6 


121.4 


693 


1951 


108.8 


108.0 


110.2 


110.6 


41.8 


40.3 


43.1 


116.8 


117.6 


133.4 


810f 


1952 


111.6 


109.3 


122.5 


116.8 


41.5 


41.7 


42.7 


129.2 


130.8 


147.1 


901f 


1953 


113.4 


113.3 


118.6 


111.7 


41.3 


41.6 


42.7 


135.8 


143.7 


153.8 


972f 


First of Month 

1953— Ian. 


113.0 


111.4 


111.3 


114.9 


38.3 


34.7 


40.6 


134.0 


137.5 


153.4 


934f 


Feb. 


110.3 


111.9 


101.9 


114.4 


41.9 


41.6 


43.0 


134.2 


142.3 


153.3 


923f 


Mar. 


110.0 


112.7 


93.7 


113.4 


42.1 


42.3 


42.1 


134.4 


144.4 


152.9 


924 


Apr. 


110.0 


112.9 


95.9 


111.9 


42.1 


41.5 


41.8 


134.9 


145.6 


152.6 


946t 


May 


110.9 


113.1 


108.5 


111.9 


41.8 


41.0 


42.4 


135.5 


144.3 


153.7 


966f 


June 


112.4 


113.4 


119.0 


112.1 


41.7 


42.3 


43.1 


135.9 


142.9 


153.1 


981f 


July 


114.9 


114.7 


127.5 


113.7 


41.3 


42.4 


42.9 


136.2 


141.9 


153.0 


983f 


Aug. 


115.6 


114.4 


135.4 


114.7 


41.0 


43.0 


42.8 


136.0 


142.5 


152.7 


994t 


Sept. 


116.6 


115.6 


139.6 


112.3 


41.0 


43.3 


43.0 


135.7 


143.0 


153.4 


l,014f 


Oct. 


116.9 


115.2 


135.8 


108.8 


41.5 


43.4 


43.2 


136.6 


14R.6 


154.8 


l,012f 


Nov. 


115.9 


113.1 


131.5 


107.8 


41.4 


42.4 


43.0 


137.4 


146.5 


155.9 


996t 


Dec. 


114.1 


110.9 


122.7 


105.1 


41.2 


41.6 


43.9 


138.4 


147.3 


157.3 


988| 


1954— Jan. 


109.9 


108.0 


105.5 


103.6 


38.5 


35.1 


40.5 


140.4 


148.2 


158.3 


945f 


Feb. 


107.0 


108.3 


91.7 


105.9 


40.7 


39.7 


42.6 


140.4 


151.5 


158.3 


950t 


Mar. 


106.6 


108.3 


89.5 


108.5 


41.1 


41.6 


42.4 


140.6 


151.6 


157.5 


943 1 


Apr. 
May 


105.6 
106.2 


107.9 
107.3f 


89.2 
98.0 


108.2f 
106.5 


40.9 
40.6 


40.4 
39.5 


41.6f 
42.1 


141.0f 
141.8 


152.8f 
151.3 


157.3t 
158.0 


954 
975 


June* 


108.9 


107.7 






39.9 


38.7 


42.6 


142.3 


148.5 


156.8 





As reported by employers usually having 15 or more employees. Dated 
first of month and covering the last pay period in the previous month. 
Coverage, including salaried and part time workers, at May 1, 1954 was 
Industrial Composite 2,386,310; Manufacturing 1,116,852; Construction 
196,243; Mining 95,616. 
Include hourly rated wage earners only. 



4. Gross earnings before deductions for taxes, unemployment insurance, etc. 

5. Wages and salaries and includes bonuses and commissions, food, clothing, 
shelter and contributions to insurance, pensions, etc. provided by employer. 

* Preliminary, 
t Revised 



POPULATION STATISTICS 1 



Thousands 




Dominion Bureau of Statistics 






Department of Citizenship t 


md Immigration 




Canadian Population 




Immigration 




Total 
Popula- 
tion 

2 


Total 
Increase 


Births 


Deaths 


Net 
Natural 
Increase 


Net 
Migration 


Total 
Immi- 
gration 


From 
Britain 


From 
U.S.A. 


From 

Northern 

Europe 


From 
Other 
Areas 


1948— June 1 


12,823 


279 i 


350 


119 


231 


+48 


125 


38 


7 


18 


62 


1949 — June 1 
1950— June 1 


13,447 
13,712 


265 
297 


366 
377 


124 
126 


242 
251 


+23 
+46 




84 
104 


17 
19 


8 
8 


18 
30 


41 
47 


1951 — June 1 


14,009 


421 


377 


121 


256 


+ 165 




216 


39 


8 


83 


86 


1952 — June 1 


14,430 


351 


398 


127 


271 


+80 




142 


43 


10 


55 


34 


1953 — June 1 
1954— June 1 


14,781 
15,195 


414 


426 


127 


299 


+ 115 




177 


49 


9 


69 


50 


1951— June 1 


14,009 


113 


98 


28 


70 


+43 




56 


9 


2 


21 


24 


Sept. 1 
Dec. 1 


14,122 
14,228 


106 
88 


92 
88 


29 
32 


63 
56 


+43 
+32 




58 
44 


9 

7 


2 
2 


24 
15 


23 
20 


1952— Mar. 1 


14,316 


114 


99 


32 


67 


+47 




58 


14 


2 


23 


19 


June 1 


14,430 


104 


103 


30 


73 


+31 




44 


12 


3 


19 


10 


Sept. 1 
Dec. 1 


14,534 
14,624 


90 
68 


103 
93 


31 
33 


72 
60 


+ 18 
+8 




31 

18 


10 
5 


3 
2 


10 
5 


8 
6 


1953— Mar. 1 


14,692 


89 


99 


33 


66 


+23 




49 


16 


2 


21 


10 


June 1 


14,781 


112 


109 


31 


78 


+34 




53 


14 


2 


24 


13 


Sept. 1 
Dec. 1 


14,893 
15,005 


112 
78 


108 
100 


31 
32 


77 
68 


+35 
+ 10 




45 
26 


12 

7 


3 
2 


17 

7 


13 

10 


1954— Mar. 1 
June 1 


15,083 
15,195 


112 


109 


33 


76 


+36 




53 


16 


2 


21 


14 



1. Including Newfoundland commencing June 1, 1949. The population of New- 
foundland at the time of its accession to Confederation (345 thousand) is 
excluded from the total increase for the period June 1, 1948 to June 1, 1949. 



The figure for June 1, 1951 is the census figure, all others are inter-censal 
estimates. 



JULY 1954 



134 



1935-39 = 100 



VOLUME OF INDUSTRIAL PRODUCTION 
INDEXES NOT SEASONALLY ADJUSTED 

"Canadian Statistical Review" , Dominion Bureau of Statistics 





Total 


Mining 


Manufacturing 


Electricity 
and 

Manufactured 




Total 


Non- 


Durables 










Durables 




Gas 


Weighting 


100.0 


16.8 


75.6 


46.1 


29.5 


7.6 


Annual Average 














1945 


187.2 


100.9 


209.8 


176.3 


262.1 


152.1 


1947 


187.8 


106.2 


207.7 


191.2 


233.5 


169.3 


1949 


199.6 


131.7 


217.0 


198.2 


246.3 


176.1 


1950 


211.5 


145.4 


228.1 


208.3 


259.1 


190.9 


1951 


226.5 


161.8 


242.1 


214.0 


285.9 


214.2 


1952 


232.9 


174.7 


246.3 


215.2 


294.8 


228.8 


1953 


248.4 


185.8 


263 .Of 


224.1 


323 .9 1 


241.9 


Monthly 














1953— Jan. 


232.1 


164.6 


245.6 


203.4 


311.6 


246.7 


Feb. 


242.0 


162.6 


258.3 


214.3 


327.0 


254.4 


Mar. 


246.8 


160.2 


265.6 


221.8 


334.1 


251.0 


Apr. 


254.6f 


175.5 


270 .9t 


227.8 


338.4t 


266.3 


May 


254.8J 


180.4 


271. 8t 


230.3 


336. 8t 


250.0 


June 


257.5 


196.3 


273.3 


231.9 


338.1 


235.7 


July 


247.lt 


206.5 


258.5t 


219.5 


319.6t 


223.4 


Aug. 


248.6t 


201.1 


262.lt 


230.5 


311.7t 


218.4 


Sept. 


257.lt 


212.2 


270.lt 


235.1 


324.9t 


226.7 


Oct. 


254.5t 


200.0 


268.2t 


232.5 


324.2t 


237.7 


Nov. 


250.6t 


194.1 


263 .8t 


230.7 


315.5t 


244.4 


Dec. 


235.5t 


176.0 


247.4t 


210.8 


304. 6t 


248.0 


1954— Jan. 


229.1* 


171.6t 


240.1* 


202.0* 


299. 7t 


246.0 


Feb. 


239.3* 


181. 8t 


250.9* 


212.9* 


310.4t 


250.6 


Mar. 


236.5* 


171.lt 


249.6* 


214.1* 


305.0 


250.6 


Apr. 


242.4* 


183.3t 


253.5* 


218.7* 


307 .9t 


262.7 


May 


246.0* 


200.2* 


255.0* 


225.9* 


300.4* 


257.3 



t Revised. * Preliminary. 



CAPITAL EXPENDITURES ON NEW CONSTRUCTION, MACHINERY AND EQUIPMENT l 

Millions of Dollars Department of Trade and Commerce 





Current Dollars 




1949 Constant Dollars 




New Construction 


Machinery 




Total as 


New Construction 


Machinery 




Total as 






and 


Total 


a %of 






and 


Total 


a %of 














Housing 


Other 


Equipment 




G.N.P. 




Housing 


Other 


Equipment 




G.N.P. 


Calendar year 






















1951 


821 


1,914 


1,842 


4,577 


21.3 




684 


1,625 


1,563 


3,872 


21.1 


1952$ 


826 


2,437 


2,022 


5,285 


22.8 




666 


1,943 


1,711 


4,320 


22.1 


1953t 


1,086 


2,560 


2,033 


5,679 


23.3 




865 


1,966 


1,709 


4,540 


22.4 


1954* 


1,122 


2,743 


1,973 


5,838 






886 


2,075 


1,655 


4,616 




1954** 


1,124 


2,730 


1,972 


5,826 






888 


2,065 


1,654 


4,607 




Millions of Current Dollars 










Agriculture, 


Mining, 
Quarry- 
ing and 
Oil Wells 












Finance 




Govern- 






Fishing, 
Forestry 
and the 


Heavy 
Manu- 


Other 
Manu- 


Utilities 


Housing 


Trade 


and 
Com- 


Institu- 
tions 


ment 
Depart- 


Total 




Construc- 
tion 
Industry 


facturing 

2 


facturing 


3 






mercial 
Services 


ments 

4 




Calendar year 
























1951 


639 


181 


555 


238 


900 


821 


235 


177 


236 


595 


4,577 


1952$ 


667 


211 


762 


211 


1,159 


826 


197 


147 


278 


827 


5,285 


1953t 


635 


280 


725 


215 


1,168 


1,086 


285 


195 


301 


789 


5,679 


1954* 


563 


312 


622 


213 


1,239 


1,122 


338 


209 


409 


811 


5,838 


1954** 


547 


319 


624 


231 


1,230 


1,124 


354 


209 


379 


809 


5,826 



Total capital expenditure shown is greater than the National Accounts' 
estimate of Gross Domestic Investment (ex inventories) in that the latter 
excludes direct investment outlays of government departments and govern- 
ment investment outlays on government built non-rental housing, provincial 
hospitals and provincial and municipal schools. These expenditures are 
treated as government expenditures on goods and services in the National 
Accounts. 

Includes investment of the following industries: Pulp and Paper Products; 
Iron and Steel: Transportation Equipment; Non-ferrous Metal Products; 
Electrical Apparatus and Supplies; Non-metallic Mineral Products; Products 



of Petroleum and Coal; Chemical Products; plus an estimate of capital 
items charged to operating expenses by these industries. 

3. Includes oil and gas pipe lines. 

4. Includes Federal Government defence projects and capital assistance to 
industries filling defence contracts. 

J Revised, 
t Preliminary actual. 
* Preliminary forecast. 
** Mid-year forecast. 



135 



JULY 1954 



SELECTED HOUSING STATISTICSt 

Central Mortgage and Housing Corporation 





Dwellings in New Structures 


Composite 
Price Index 

of 

Residential 

Building 

Materials 


Index of 
Average 

HourlyWage 
Rates - All 

Construction 
Workers 


Composite 
Index of 

Residential 
Building- 
Materials 

and Wage 
Rates 


Expenditures 

on New 

Residential 

Construction 

and Major 

Improve- 


Expenditures 

on 

Residential 

Repair 

and 

Maintenance 






Started 


Completed 


Under 
Construction 


Total 

Expenditures 








2 


3 


3,4 


3 










Units 


1949 = 100 


Millions of Dollars 


Calendar Years 
1948 


90,194 


76,097 


56,456 


95.4 


94.2 


95.0 


667.7 


161.9 


829.6 


19491 


90,509 


88,233 


59,503 


100.0 


100.0 


100.0 


775.0 


176.0 


951.2 


1950 


92,531 


89,015 


59,443 


106.4 


105.5 


106.1 


843.3 


191.0 


1,034.3 


1951 


68,579 


81,310 


45,926 


125.5 


119.4 


123.2 


821.6 


221.0 


1,042.6 


1952 


83,246 


73,087 


55,689 


124.9 


129.6 


126.7 


825.6 


203.2 


1 ,028.8 


1953* 


102,409 


96,839 


59,923 


123.9 


133.2 


127.4 


1,083.7 


213.6 


1,297.3 


Quarterly 

1952—1 


7,268 


13,066 


37,259 


126.1 


124.6 


125.5 


134.9 


49.9 


184.8 


II 


28,023 


15,274 


50,285 


124.6 


127.5 


125.7 


207.2 


50.4 


257.6 


III 


26,749 


18,445 


59,113 


124.6 


131.8 


127.3 


236.0 


51.1 


287.1 


IV 


21,206 


26,302 


55,689 


124.4 


134.7 


128.3 


247.5 


51.8 


299.3 


1953*— I 


11,930 


18,392 


49,232 


124.6 


129.8 


126.5 


196.1 


52.8 


248.9 


II 


34,816 


21,099 


62,791 


124.7 


131.0 


127.1 


279.7 


53.1 


332.8 


III 


32,925 


22,916 


73,055 


124.1 


134.3 


127.9 


306.6 


53.6 


360.2 


IV 


22,738 


34,432 


59,923 


122.3 


137.6 


128.1 


301.3 


54.1 


355.4 


1954*— I 


11,722 


20,327 


51,070 


121.3 


138.0 


127.6 


212.3 


54.9 


267.2 



t Revised. 1. Newfoundland included commencing in 1949. 2. At end of period. Total starts less completions do not equal the number of units under con 
struction due to adjustments; e.g. construction either ceased, or when completed, some dwellings contained more or less units than were reported when construction 
commenced. 3. Yearly and quarterly averages. 4. Including holiday pay allowances. * Preliminary. 



U.S.A. ECONOMIC STATISTICS 

U.S. Department of Commerce 



U.S. Depl. of Labor 



Federal 
Reserve 









Govt. 


Personal 














Average 






Gross 
National 
Product 

t 


Change in 

Business 

Inventories 

t 


Expend- 
iture on 
National 
Security 
It 


Savings 

as a 

Percentage 

of 

Disposable 

Income 

t 


Total 
Personal 
Income 

t 


Con- 
struction 

3 


Unem- 
ployment 


Retail 
Sales 

4 


Consumer 
Price 
Index 


Wholesale 

Prices: 
All Com- 
modities 


Hourly 
Earnings 
in Manu- 
facturing 
5 


Total 
Industrial 
Production 

4 




Billions of Dollars 2 


Billions of $ 2 


Billions of S 


Millions 


Billions of $ 


1947-4 


9 = 100 


Dollars 


1947-49=100 


Annual Averages « 


























1929 


104.4 


1.7 


* 


5.0 


85.8 


10.8 


1.6 


48.5 


73.3 


61.9 


.57 


59 


1933 


56.0 


-1.6 


* 


-1.4 


47.2 


2.9 


12.8 


24.5 


55.3 


42.8 


.44 


37 


1937 


90.8 


2.2 


* 


5.3 


73.9 


7.0 


7.7 


42.2 


61.4 


56.1 


.62 


61 


1946 


209.2 


6.1 


21.2 


7.9 


178.0 


12.0 


2.3 


102.5 


83.4 


78.8 


1.09 


90 


1950 


285.1 


7.4 


18.5 


5.9 


227.1 


28.8 


3.1 


143.7 


102.8 


103.1 


1.47 


112 


1951 


328.2 


10.4 


37.3 


7.8 


255.3 


30.9 


1.9 


158.2 


111.0 


114.8 


1.59 


120 


1952 


346.1 


3.6 


48 5 


7.8 


271.2 


32.6 


1.7 


164.1 


113.5 


111.6 


1.67 


124 


1953 


364.9 


1.5 


52.0 


8.0 


286.1 


34.8 


1.5 


170.8 


114.4 


110.1 


1.76 


134 


Monthly 


























1953— Apr. 








c 


* 


2.7 


1.6 


14.3 


113.7 


109.4 


1.75 


136 


May 


!■ 369.9 


5.4 


54.3 


7.8 \ 


286.3 


2.9 


1.3 


14.4 


114.0 


109.8 


1.76 


137 


June 








1 


287.3 


3.2 


1.6 


14.4t 


114.5 


109.5 


1.77f 


136 


July 








| 


288.2 


3.3 


1.5 


14.5 


114.7 


110.9 


1.77 


137 


Aug. 


[•367.2 


2.0 


52.3 


8.0 \ 


286.4 


3.3 


1.2 


14.1 


115.0 


110.6 


1.77 


136 


Sept. 








1 


287.7 


3.3 


1.2 


14.0 


115.2 


111.0 


1.79t 


133 


Oct. 


' 






[ 


287.8 


3.2 


1.2 


14.0 


115.4 


110.2 


1.79t 


132 


Nov. 


[ 360.5 


-4.2 


50.6 


8.6 | 


287.2 


3.0 


1.4 


14.1 


115.0 


109.8 


1.79f 


129 


Dec. 






I 


287.0 


2.7 


1.9 

7 

3.1 


13.9 


114.9 


110.1 


1.80f 


126 1 


1954— Jan. 


1 






8.6 < 


284.9 


2.4 


13.7 


115.2 


110.9 


1.80 


125 


Feb. 


\ 355.8 


-4.2 


46.9 


285.0 


2.3 


3.7 


13.9 


115.0 


110.5 


1.80f 


125 f 


Mar. 


J 






285.0 


2.5 


3.7 


13.8 


114.8 


110.5 


1.79 


123 


Apr. 










284.4 


2.8 


3.5 


14.3 


114.6 


111.0 


1.80 


123 


May 










286.2 


3.1 


3.3 


14.3 


115.0 


110.9 


1.80f 


124f 


June** 










286.4 


3.3 


3.3 


14.5 


115.1 


110.0 


1.81 


124 



1. Includes stockpiling, atomic energy, and Mutual Defence Assistance in 
addition to strictly military programmes. 

2. Seasonally adjusted annual rates. 

3. Value of new work put in place. 

4. Seasonally adjusted. 

5. Production workers. 



6. Quarterly averages for first four columns. Calendar year totals in the case 
of "Construction" and "Retail Sales". 

7. New sample covering 230 areas as against 68 in the old series begins with 
1954. 

* Not available. 
** Preliminary, 
t Revised. 



JULY 1954 



Millions of Dollars 



136 



EXTERNAL TRADE AND TRADE INDEXES 1 

Compiled from "Trade of Canada", Dominion Bureau of Statistics 



TOTAL EXPORTS (EXCLUDING GOLD) TO 2 


New Gold 


EXPORT INDEXES s 












„ 






Production 














Other 


Western 


Central 




Total 


Available 










U.S.A. 


U.K. 


Sterling 


Europe & 


and 


All 


All 


for 


Total 












Area 
3 


Colonies 

4 


South 
America 


Other 


Countries 


Export 


Value 


Price 


Volume 


Calendar Years 
























1946 


901 


632 


261 


304 


97 


183 


2,379 


96 


75.2 


79.9 


94.1 


1947 


1,057 


754 


359 


327 


135 


180 


2,812 


99 


90.2 


91.6 


98.5 


1948 


1,522 


689 


290 


317 


127 


165 


3,110 


119 


100.0 


100.0 


100.0 


1949 


1,524 


709 


305 


254 


132 


99 


3,023 


139 


97.3 


103.3 


94.2 


1950 


2,051 


473 


200 


199 


154 


80 


3,157 


163 


101.4 


108.3 


93.6 


1951 


2,334 


636 


266 


364 


217 


146 


3,963 


150 


127.3 


123.0 


103.5 


1952 


2,349 


751 


291 


468 


281 


216 


4,356 


150 


139.9 


121.8 


114.9 


1953 


2,463 


669 


252 


367 


207 


216 


4,173 


144 


133.9 


118.3 


113.2 


12 Mths. end'g 
























June 1954 


2,399 


643 


220 


346 


202 


219 


4,029 


137 








Monthly 
























1953-Mar. 


206.4 


38.8 


18.4 


17.9 


17.7 


13.8 


313.0 


15.6 


120.1 


119.4 


100.6 


Apr. 


192.3 


45.3 


18.0 


21.8 


17.0 


10.4 


304.8 


11.7 


117.5 


119.5 


98.3 


May 


224.2 


68.5 


24.0 


38.5 


15.5 


14.3 


385.0 


12.0 


148.4 


118.9 


124.8 


June 


218.2 


77.3 


27.7 


52.0 


21.4 


19.4 


416.0 


13.7 


160.6 


119.2 


134.7 


July 


212.7 


81.3 


24.7 


43.8 


17.0 


18.8 


398.3 


9.3 


153.4 


118.7 


129.2 


Aug. 


199.9 


67.2 


19.4 


26.7 


12.1 


21.6 


346.9 


10.7 


133.7 


118.8 


112.5 


Sept. 


211.4 


45.0 


25.7 


24.1 


18.2 


19.4 


343.8 


10.4 


132.0 


118.4 


111.5 


Oct. 


201.9 


55.8 


16.3 


33.4 


19.1 


21.3 


347.8 


9.9 


134.0 


118.4 


113.2 


Nov. 


204.0 


56.1 


19.7 


35.1 


21.0 


19.3 


355.2 


9.1 


136.9 


117.1 


116.9 


Dec. 


223.5 


47.7 


17.0 


31.7 


15.5 


25.5 


360.9 


9.8 


138.8 


116.7 


118.9 


1954- Jan. 


160.1 


38.1 


12.5 


22.8 


11.8 


20.1 


265.4 


11.5 


101.7 


116.1 


87.6 


Feb. 


171.9 


44.9 


12.5 


21.1 


14.2 


15.2 


279.8 


10.2 


105.4 


116.5 


90.5 


Mar. 


205.2 


52.8 


14.1 


19.7 


15.2 


14.1 


321.1 


12.8 


123.2 


115.7 


106.5 


Apr. 


181.8 


39.5 


19.8 


22.8 


20.6 


13.7 


298.2 


13.8 


114.1 


116.4 


98.0 


Mav 


213.0 


62.4f 


20.8 


32.8 


20.2 


14.4 


363.6 


13.7 


139.8 


116.2 


120.3 


June* 


212.7 


52.8 


18.0 


31.5 


17.4 


15.3 


347.7 


15.6 











TOTAL IMPORTS (EXCLUDING GOLD) FROM 






Excess of 


IMPORT INDEXES s 


















Merchandise 
Exports 

OVER 




1948 = 100 










Other 


Western 


Central 




Total 














U.S.A. 


U.K. 


Sterling 


Europe & 


and 


All 


All 


Merchandise 


Total 




Physical 








Area 
3 


Colonies 
4 


South 
America 


Other 


Countries 


Imports 


Value 


Price 


Volume 


Calendar Years 
























1946 


1,405 


139 


131 


40 


126 


24 


1,864 


514 


73.0 


76.5 


95.4 


1947 


1,975 


189 


158 


64 


159 


29 


2,574 


238 


97.6 


88.0 


110.9 


1948 


1,806 


300 


194 


77 


223 


37 


2,637 


473 


100.0 


100.0 


100.0 


1949 


1,952 


307 


187 


83 


193 


39 


2,761 


261 


104.7 


102.6 


102.0 


1950 


2,131 


404 


242 


114 


215 


68 


3,174 


-17 


120.4 


110.3 


109.2 


1951 


2,813 


421 


309 


181 


275 


86 


4,085 


-122 


154.8 


126.2 


122.7 


1952 


2,977 


360 


186 


157 


285 


66 


4,031 


326 


152.3 


110. 4f 


138.0t 


1953 


3,221 


453 


173 


179 


291 


66 


4,383 


-210 


165.2 


109.4f 


151.0t 


12 Mths. end'g 
























May 1954 


3,055 


436 


174 


182 


292 


67 


4,207 


-110 








Monthly 
























1953-Feb. 


241.0 


27.2 


8.9 


8.9 


20.9 


3.1 


310.0 


-30.4 


140.5 


108.lt 


130.0t 


Mar. 


272.8 


37.6 


11.0 


11.9 


22.1 


4.7 


360.1 


-47.1 


163.4 


109.0f 


149.9t 


Apr. 


297.3 


37.9 


12.6 


17.3 


22.8 


3.9 


391.8 


-87.0 


177.9 


109.0J 


163 .2t 


May 


312.3 


43.5 


17.6 


15.4 


27.7 


4.1 


420.6 


-35.6 


190.5 


109.3J 


174.3t 


June 


299.8 


42.8 


17.1 


17.0 


23.3 


6.3 


406.3 


9.7 


184.2 


109.9J 


167. 6t 


July 


286.5 


47.1 


17.6 


16.0 


31.2 


6.7 


405.4 


-7.1 


182.6 


109.8t 


166.3t 


Aug. 


244.7 


38.4 


14.7 


15.1 


26.5 


5.8 


345.2 


1.7 


156.2 


110.2J 


141.7t 


Sept. 


268.0 


34.3 


16.9 


16.0 


25.3 


7.0 


367.5 


-23.7 


165.8f 


lll.Of 


149.4t 


Oct. 


258.3 


36.8 


18.5 


17.1 


22.2 


5.4 


358.3 


-10.5 


161.6 


110.7f 


146.0t 


Nov. 


244.5 


38.9 


17.1 


20.3 


24.9 


5.7 


351.4 


3.8 


159.5 


110.lt 


144.9J 


Dec. 


246.8 


38.3 


10.5 


14.2 


22.6 


6.0 


338.4 


22.5 


153.1 


110.2t 


138.9t 


1954-Jan. 


202.8 


28.3 


9.1 


11.2 


23.8 


5.0 


280.2 


-14.8 


127.2 


109.4 


116.3 


Feb. 


217.5 


29.0 


10.5 


9.9 


21.7 


4.0 


292.6 


-12.8 


132.8 


109.1 


121.7 


Mar. 


270.0 


30.9 


9.6 


12.6 


25.1 


4.8 


353.0 


-31.9 


160.3 


109.0t 


147.lt 


Apr. 


256.0 


35.3 


14.9 


15.6 


21.6 


5.1 


348.5 


-50.3 


157.7 


110.6 


142.6 


May 


260.0 


36.0 


17.4 


17.3 


24.2 


4.8 


359.7 


3.9 








June* 


299.5° 


44.3 6 










417.5 6 


-69.8 









Commencing April 1, 1949, external trade of Newfoundland is included 
and Canadian trade with Newfoundland, formerly in the "All Other" 
category, disappears. 

Includes exports of foreign produce. Excludes defence equipment tr^ nsferred 
by Canada to North Atlantic Treaty countries which in 1950, 1951, 1952 
and 1953 amounted to 56.8, 109.1, 100.9, and 182.0* respectively. 
Consists of U.K. Dependencies, Union of South Africa. Eire. India, 
Pakistan, Burma, Australia, New Zealand, Iceland, Jordan, Libya, Ceylon 
and Iraq. 



4. Excludes Spain, but includes Greece and Turkey. 

5. Excludes exports of foreign produce. Price indexes are based largely on 
unit values derived from the Customs' entries. Price indexes prior to 
1948 are converted from 1935-39 = 100. 

6. Commencing in June 1954, imports are recorded on a calendar month 
rather than a customs month basis. As a result of the transition the 
figures for June, 1954 include imports for calendar June and for a few 
days in May. 

* Preliminary. f Revised. 



137 



JULY 1954 



MERCHANDISE EXPORTS : COMMODITY CLASSIFICATION BY VOLUME 1 

Compiled from "Trade of Canada — Exports" , Dominion Bureau of Statistics 





Wheat 


Wheat 
Flour 


Oats, 

Barley, 

Rye 


Live 
Cattle 


Beef 


Bacon 

and 

Hams 


Cheese 


Milk 
(powdered 
condensed 
evapo- 
rated) 


Fish 
(fresh 

and 
frozen) 


Fish 

(canned 

and salted 

etc.) 


Planks 

and 
Boards 


Pulpwood 




mm. bus. 


mm. bbls. 


mm. bus. 


Thous. 


Thous. cwt. 


mm. lbs. 


mm. lbs. 


mm. lbs. 


mm. lbs. 


mm. lbs. 


mm. bd. ft. 


Thous. cords 


Calendar Years 


























194(3 


158 


15 


40 


105 


1,306 


289 


106 


It 


256 


259 


2,069 


1,759 


1947 


160 


18 


23 


83 


426 


236 


56 


80 


203 


271 


2,726 


1,883 


1948 


136 


12 


54 


371 


1,228 


205 


40 


90 


212 


221 


2,460 


2,188 


1949 


210 


10 


52 


421 


1,002 


67 


53 


72 


205 


251 


2,181 


1,503 


1950 


163 


10 


41 


459 


840 


79 


63 


56 


267 


284 


3,575 


1,612 


1951 


237 


12 


110 


239 


934 


6 


31 


41 


253 


286 


3,436 


2,676 


1952 


336 


13 


193 


15 


668 


4 


2 


69 


279 


263 


3,329 


2,329 


1953 


290 


11 


207 


70 


255 


7 


16 


57 


270 


252 


3,370 


1,623 


12-mths ending 


























May 1954 


268 


11 


204 


95 


294 


7 


11 


54 


264 


260 


3,400 


1,623 


Monthly 
1953-Jan. 


19.8 


.8 


6.0 


.1 


21.5 


.3 


.1 


3.5 


16.9 


21.3 


231.1 


138.3 


Feb. 


15.3 


.7 


4.1 


- 


12.8 


.3 


.8 


1.8 


19.4 


25.7 


220.0 


130.2 


Mar. 


11.2 


1.0 


3.7 


5.0 


42.3 


.6 


1.7 


3.7 


19.2 


24.4 


301.2 


137.1 


Apr. 


15.4 


1.0 


9.9 


6.1 


8.7 


.7 


3.5 


2.6 


12.0 


14.7 


308.0 


56.1 


May 


31.2 


1.1 


20.4 


8.8 


13.4 


.7 


.1 


4.4 


16.2 


26.7 


264.0 


77.4 


June 


45.9 


1.3 


18.6 


7.9 


7.0 


.8 


.2 


4.0 


20.4 


21.0 


313.7 


95.2 


July 


36.3 


1.1 


20.3 


9.5 


39.3 


.9 


.1 


4.7 


31.1 


18.3 


288.1 


163.7 


Aug. 


30.4 


.8 


19.5 


12.4 


30.8 


.5 


.1 


3.4 


33.1 


19.3 


315.5 


182.8 


Sept. 


19.4 


.7 


21.5 


6.9 


26.1 


.6 


.1 


5.6 


32.4 


20.5 


279.5 


197.5 


Oct. 


26.4 


.7 


21.8 


4.1 


16.9 


.4 


.1 


3.4 


30.2 


17.6 


314.1 


167.8 


Nov. 


19.6 


.9 


33.4 


5.0 


21.5 


.6 


6.3 


5.0 


20.6 


25.6 


263.2 


125.9 


Dec. 


19.3 


.9 


27.6 


3.6 


14.8 


.7 


3.3 


15.3 


18.6 


17.0 


271.2 


150.9 


1954-Jan. 


13.4 


.9 


6.2 


3.3 


13.2 


.5 


_ 


1.7 


15.2 


21.9 


184.6 


130.9 


Feb. 


14.0 


.7 


5.5 


6.4 


90.7 


.5 


.1 


2.8 


15.9 


24.5 


219.7 


161.1 


Mar. 


11.0 


1.0 


4.9 


7.5 


9.6 


.6 


.1 


3.0 


18,9 


26.1 


365.7 


134.0 


Apr. 


14.8 


.8 


8.1 


11.3 


10.0 


.6 


.1 


2.0 


13.7 


25.8 


300.2 


51.2 


May 


17.5 


.9 


16.5 


17.4 


14.3 


.6 


.1 


3.0 


14.2 


22.9 


284.4 


61.9 





Wood 
Pulp 


News- 


Autos 
and 


Aluminum 
(unmanu- 


Copper 
(unmanu- 


Lead 
(unmanu- 


Zinc 
(unmanu- 


Nickel 

(unmanu 


Silver 
(unmanu- 


Asbestos 
(unmanu- 


Fertilizer 


New Gold 
Production 

Available 
for Export 




print 


Trucks 


factured) 


factured) 


factured) 


factured) 


factured) 


factured) 


factured) 






Thous. tons 


Thous. tons 


Thous. 


Thous. tons 


Thous. tons 


Thous. tons 


Thous. tons 


Thous. tons 


Thous. 
fine oz. 


Thous. tons 


Thous. tons 


Thous. 
fine oz. 


Calendar Years 


























1946 


1,419 


3,858 


68 


196 


136 


110 


207 


112 


4,180 


520 


780 


2,600 


1947 


1,699 


4,221 


84 


228 


142 


132 


183 


117 


10,237 


637 


791 


2,851 


1948 


1,798 


4,328 


48 


333 


178 


109 


206 


132 


8,729 


690 


692 


3,423 


1949 


1,549 


4,705 


30 


397 


199 


135 


281 


127 


10,267 


535 


706 


3,866 


1950 


1,846 


4,938 


34 


353 


188 


136 


282 


122 


11,849 


830 


742 


4,283 


1951 


2,243 


5,112 


60 


375 


152 


127 


305 


131 


17,795 


942 


623 


4,080 


1952 


1,941 


5,327 


80 


441 


168 


159 


352 


142 


18,475 


902 


746 


4,310 


1953 


1,950 


5,375 


45 


491 


200 


165 


355 


145 


20,319 


879 


712 


4,167 


12-mths ending 


























May 1954 


2,065 


5,410 


31 


509 


63 


152 


316 


149 


21,614 


857 


768 


3,942 


Monthly 

1953-Jan. 


158.2 


458.9 


3.9 


35.5 


16.1 


18.9 


40.7 


13.3 


2,148.7 


63.5 


67.6 


460.3 


Feb. 


127.4 


372.9 


4.8 


38.1 


20.6 


10.4 


27.6 


11.2 


1,347.3 


63.3 


71.3 


459.9 


Mar. 


149.1 


435.2 


4.0 


51.1 


14.7 


18.8 


34.4 


12.3 


832.7 


74.1 


62.4 


451.3 


Apr. 


144.5 


384.8 


4.2 


30.3 


15.2 


17.6 


29.1 


12.4 


2,079.8 


70.0 


61.1 


334.0 


May 


164.4 


491.2 


3.8 


40.3 


20.9 


11.2 


35.6 


11.5 


2,031.3 


81.5 


69.6 


343.1 


June 


171.8 


434.1 


4.3 


48.0 


20.2 


16.5 


29.8 


12.4 


987.5 


83.7 


69.6 


393.5 


July 


170.4 


478.0 


3.7 


43.5 


20.2 


7.6 


31.1 


12.1 


2,169.1 


71.0 


49.9 


268.3 


Aug. 


165.5 


428.4 


2.4 


37.4 


11.8 


16.0 


23.0 


12.3 


1,229.8 


68. 1 


45.5 


308.7 


Sept. 


165.5 


491.2 


3.6 


45.2 


13.3 


10.6 


25.5 


11.3 


1,990.4 


73.3 


55.0 


302.5 


Oct. 


169.6 


443.4 


5.2 


32.3 


16.8 


14.0 


27.5 


11.7 


2,034.5 


77.4 


54.5 


288.7 


Nov. 


183.6 


413.6 


4.6 


45.1 


16.4 


10.6 


20.0 


13.3 


1,876.4 


71.8 


52.7 


267.5 


Dec. 


180.2 


543.4 


.8 


44.0 


13.5 


12.7 


31.0 


11.2 


1,592.0 


80.8 


52.4 


289.5 


1954-Jan. 


146.2 


375.4 


.7 


37.0 


15.4 


9.2 


23.4 


10.6 


1,662.7 


50.7 


54.0 


339.9 


Feb. 


156.7 


406.3 


.8 


34.3 


12.6 


10.9 


19.1 


12.3 


1,603.9 


56.6 


87.7 


302.8 


Mar. 


192.6 


481.8 


.7 


41. .5 


16.3 


14.1 


30.1 


14.7 


1,734.1 


71.9 


99.0 


378.9 


Apr. 


168.4 


420.3 


1.2 


33.3 


15.1 


13.1 


29.3 


13.1 


1,447.2 


64.5 


66.3 


402.2 


May 


195.0 


494.2 


3.0 


67.0 


23.6 


16.6 


26.7 


13.7 


2,553.7 


87.2 


81.3 


399.5 



1. Includes foreign trade of Newfoundland as from April 1, 1949. Where quantity is shown in tons, a short ton of 2000 lbs. has been used. 



JULY 1954 



138 



MERCHANDISE IMPORTS : COMMODITY CLASSIFICATION BY VOLUME 1 

Compiled from "Trade of Canada — Imports", Dominion Bureau of Statistics 





















Cotton 


Cotton 


Wool 


Wool 

(yarns, 

fabrics 

and 

worsteds) 




Bananas 


Oranges 


Fresh 
Vegetables 


Sugar 


Coffee 


Tea 


Cocoa 


Distilled 
Beverages 


(raw and 
unmanu- 


(thread, 
yarns and 


(raw and 
unmanu- 




















factured) 


fabrics) 


factured) 




Thous. cwt. 


Thous. cu. ft. 


mm. lbs. 


Thous. cwt. 


mm. lbs. 


mm. lbs. 


mm. lbs. 


Thous. gals. 


mm. lbs. 


mm. lbs. 


mm. lbs. 


mm. lbs. 


Calendar Years 


























1946 


5,322 


11,499 


698 


8,773 


85 


30 


61 


2,153 


193 


55 


65 


13 


1947 


3,649 


10,654 


388 


10,143 


51 


47 


34 


2,527 


205 


84 


52 


16 


1948 


3,332 


9,589 


187 


12,439 


88 


36 


41 


2,378 


184 


49 


61 


17 


1949 


2,997 


8,336 


366 


12,446 


98 


43 


46 


2,632 


221 


52 


45 


15 


1950 


2,843 


8,467 


562 


12,782 


83 


55 


46 


2,257 


246 


42 


51 


13 


1951 


2,666 


9,902 


517 


10,926 


88 


42 


28 


3,099 


215 


50 


45 


12 


1952 


2,819 


11,024 


777 


11,864 


98 


46 


34 


3,995 


181 


51 


32 


12 


1953 


3,001 


12,146 


714 


11,389 


107 


46 


39 


3,868 


175 


57 


40 


16 


12-mtbs ending 


























Apr. 1954 


3,042 


12,249 


718 


12,052 


111 


44 


38 


3,707 


150 


50 


32 


15 


Monthly 


























1953-Jan. 


158.7 


762.9 


52.9 


69.9 


8.5 


4.0 


1.7 


317.2 


20.4 


5.5 


4.2 


1.6 


Feb. 


180.9 


1,042.5 


55.5 


407.9 


8.3 


3.1 


6.4 


226.4 


21.8 


6.1 


3.5 


1.3 


Mar. 


221.9 


1,106.8 


76.5 


442.8 


10.6 


6.0 


2.8 


363.8 


17.2 


6.0 


3.7 


1.4 


Apr. 


249.5 


1,016.9 


102.2 


800.6 


9.6 


4.4 


3.3 


324.6 


16.4 


5.8 


5.5 


1.5 


May 


312.5 


1,126.5 


127.0 


1,129.9 


8.9 


5.2 


7.3 


384.4 


15.1 


5.3 


5.8 


1.5 


June 


298.3 


1,089.7 


117.6 


1,280.7 


6.2 


3.6 


4.2 


257.4 


11.6 


4.6 


4.1 


1.5 


July 


386.8 


1,048.8 


57.9 


1,121.0 


7.9 


2.6 


5.7 


222.7 


12.6 


3.9 


3.8 


1.8 


Aug. 


267.6 


777.2 


11.5 


1,311.5 


7.9 


3.0 


2.0 


217.3 


9.6 


3.6 


2.6 


1.4 


Sept. 


275.0 


862.6 


8.5 


1,451.6 


9.6 


2.6 


1.5 


329.9 


8.7 


4.2 


2.1 


1.0 


Oct. 


238.0 


698.1 


21.0 


1,629.8 


8.7 


4.2 


1.3 


356.5 


10.3 


3.9 


1.6 


1.2 


Nov. 


209.1 


808.8 


31.1 


1,218.2 


9.6 


4.6 


1.5 


481.0 


16.0 


3.9 


1.7 


1.1 


Dec. 


202.6 


1,804.8 


52.3 


524.7 


11.8 


2.7 


1.5 


386.6 


14.8 


3.9 


1.7 


1.1 


1954-Jan. 


158.8 


770.7 


51.4 


518.9 


10.7 


4.1 


2.9 


180.2 


8.7 


3.9 


1.6 


1.2 


Feb. 


183.5 


1,020.5 


57.4 


443.4 


9.4 


3.4 


1.9 


324.1 


12.4 


4.2 


2.2 


1.0 


Mar. 


242.5 


1,222.0 


86.2 


492.8 


9.7 


2.9 


3.9 


316.4 


16.9 


4.7 


2.4 


1.1 


Apr. 


267.4 


1,019.0 


96.0 


930.0 


10.6 


5.5 


4.6 


251.1 


13.7 


4.3 


2.3 


1.0 





Crude 
Rubber 


Iron 
Ore 


Pigs, 

Ingots, 

Blooms 

& Billets 


Bars, 

Rods 

and Rails 


Sheets 

and 

Plates 


Structural 
Iron 


Autos 

and 

Trucks 


Bauxite 
Ore 


Tin 


Coal 


Crude 
Petroleum 


Gasoline, 
Kerosene 

and 
Fuel Oils 




mm. lbs. 


Thous. tons 


Thous. tons 


Thous. tons 


Thous. tons 


Thous. tons 


Thous. 


Thous. tons 


Thous. cwt. 


mm. tons 


mm. gals. 


mm. gals. 


Calendar Years 


























1946 


30 


2,282 


20 


91 


487 


129 


22 


1,286 


84 


26 


2,219 


337 


1947 


77 


3,945 


21 


120 


483 


235 


43 


1,400 


89 


29 


2,418 


764 


1948 


96 


4,300 


62 


110 


460 


218 


21 


2,015 


81 


31 


2,717 


748 


1949 


90 


2,517 


84 


118 


601 


221 


39 


1,794 


82 


22 


2,649 


584 


1950 


104 


3,071 


60 


98 


551 


189 


89 


1,862 


108 


27 


2,805 


832 


1951 


108 


3,831 


148 


197 


757 


382 


48 


2,402 


137 


27 


2,949 


911 


1952 


81 


4,268 


156 


179 


673 


339 


39 


2,455 


88 


25 


2,897 


1,043 


1953 


93 


4,168 


57 


117 


585 


310 


58 


2,689 


83 


23 


2,857 


1,059 


12-mtbs ending 


























Apr. 1954 


95 


4,140 


30 


104 


537 


364 


56 


2,713 


75 


22 


2,743 


1,044 


Monthly 


























1953-Jan. 


8.3 


16.6 


8.3 


13.1 


47.1 


19.8 


2.8 


28.5 


5.0 


1.2 


263.9 


71.4 


Feb. 


7.6 


11.0 


4.8 


7.9 


45.2 


19.2 


2.9 


14.3 


2.7 


1.6 


233.5 


51.6 


Mar. 


6.2 


2.2 


8.7 


9.6 


47.5 


19.9 


6.2 


19.4 


8.2 


1.4 


251.9 


48.9 


Apr. 


7.1 


12.1 


10.4 


10.4 


55.8 


23.4 


8.9 


17.4 


16.0 


1.6 


228.4 


49.8 


May 


8.6 


460.1 


3.5 


9.3 


56.1 


25.4 


9.6 


364.1 


4.3 


2.3 


225.1 


91.2 


June 


7.5 


685.4 


5.1 


9.0 


49.9 


28.9 


8.9 


337.5 


10.7 


2.5 


267.2 


88.1 


July 


7.1 


775.6 


6.1 


12.4 


45.0 


30.2 


6.8 


393.5 


5.5 


2.5 


283.2 


106.8 


Aug. 


7.8 


864.4 


1.2 


8.6 


38.6 


29.2 


4.4 


360.3 


7.3 


2.2 


230.5 


91.9 


Sept. 


8.5 


667.7 


3.4 


10.0 


40.4 


25.7 


2.6 


368.3 


4.0 


2.3 


237.7 


106.3 


Oct. 


8.8 


440.3 


.9 


10.1 


50.2 


28.5 


1.9 


309.5 


8.9 


2.3 


223.9 


107.7 


Nov. 


7.4 


217.2 


.8 


8.8 


61.1 


32.0 


1.6 


334.5 


9.7 


2.2 


209.1 


125.5 


Dec. 


8.5 


14.9 


3.8 


7.9 


48.2 


27.5 


1.7 


141.5 


.6 


1.3 


202.7 


119.7 


954-Jan. 


5.2 


12.2 


1.1 


5.8 


43.9 


35.8 


2.3 


20.7 


2.6 


1.1 


249.8 


57.7 


Feb. 


9.2 


.7 


1.7 


5.0 


38.2 


32.6 


2.9 


24.0 


5.4 


1.2 


190.0 


53.6 


Mar. 


8.7 


.9 


1.3 


7.3 


35.4 


37.2 


5.6 


23.8 


7.0 


1.1 


237.5 


38.8 


Apr. 


8.0 


.8 


1.1 


10.3 


30.2 


30.7 


7.2 


35.4 


9.1 


1.1 


186.1 


57.0 



Includes imports from Newfoundland until March 31 
tons, a short ton of 2000 lbs. has been used. 



1949 and imports into Newfoundland from other countries thereafter. Where quantity is shown in 



CUMULATIVE TABLE OF CONTENTS 
1954 

See Statistical Summary Indexes, published annually, for details of previous years 

Page Number 

Monthly Tables of $£>%£* 

Bank of Canada: Liabilities and Assets 121-122 

Chartered Banks: Liabilities and Assets 121-122 

General Public Holdings of Certain Liquid Assets: Currency, 

Bank Deposits and Government of Canada Securities . 123-124 

Government Bond Yields and Treasury Bill Rates .... 126 

Foreign Exchange Rates 128 

Official Holdings of Gold and U.S. Dollars 128 

Price Indexes 132 

Labour Force Status of the Population 132 

Employment and Labour Income 133 

Volume of Industrial Production 134 

U.S.A. Economic Statistics 135 

External Trade and Trade Indexes 136 

Quarterly Tables 

Chartered Banks: Estimated Quarterly Classification 

of Loans in Canada . . 125 

General Public Holdings of Certain Liquid Assets: Approximate 
Division between Non-Resident, Resident Corporate and 

Resident Non-Corporate Holdings 85-86 

Bond Issues and Retirements 127 

Canadian Gold Statistics 131 

Government Bond Yields: Canada, U.S.A. and U.K. ... 104 

Consumer Credit Outstanding . ". . . . ■ 106 

National Accounts: Quarterly 107-110 

Selected Agricultural Statistics: Quarterly 111-112 

International Securities Transactions: Quarterly .... 116 

Canadian Balance of International Payments: Quarterly . 117 

Merchandise Exports: Commodity Classification by Volume 137 

Merchandise Exports: Commodity Classification by Value . 119-120 

Merchandise Imports: Commodity Classification by Volume 138 

Merchandise Imports: Commodity Classification by Value . 97-98 

Other Tables 

Bonds Outstanding 9 

Estimates of Labour Income 14 

National Accounts: Yearly 27 

Capital Expenditures on New Construction, Machinery and 

Equipment 134 

Mineral Production 31 

Domestic Exports: Commodity Classification by Destination 33 

Selected Housing Statistics 135 

Public Finance: Government of Canada 49-50 

New Passenger Automobile Statistics 115 

New Commercial Vehicle Statistics 115 

Railways: Operating Statistics 74 

Newsprint: North America 76 

Canadian Wheat: Statistical Position 77 

Population Statistics 133 

Profit Statistics of 480 Companies: 1947-1953 90 

Selected Petroleum Statistics ... 91 -92 

Canadian Balance of International Payments: 1952 and 1953 129-130 

Canadian Balance of International Indebtedness .... 131 



BANK OF CANADA 

STATISTICAL SUMMARY 



1V1SRSITT OF 

I OB A 




A Cumulative Table of Contents for 1954 appears on the back cover 



TABLES 

Bank of Canada: Assets and Liabilities: 

Month-End Figures 139-140 

Weekly Figures ...'.. 141-142 

Chartered Banks: 

Monthly Figures: Cash Reserves, Liabilities and Assets 143-144 

Weekly Estimates: Assets and Liabilities 145-146 

General Public Holdings of Certain Liquid Assets: 

A — Currency, Bank Deposits and Government of Canada 

Securities 147-148 

B — Approximate Division between Non-Resident, 
Resident Corporate and Resident Non-Corporate 

Holdings 149-150 

Government Bond Yields and Treasury Bill Rates ... 149 

Price Indexes 150 

Foreign Exchange Rates 151 

Official Holdings of Gold and U.S. Dollars 151 

Labour Force Status of the Population 152 

Employment and Labour Income 152 

Canadian Balance of International Payments: Quarterly 153 

International Securities Transactions: Quarterly .... 154 

Volume of Industrial Production 154 

Newsprint: North America 156 

U.S.A. Economic Statistics 156 

Domestic Exports: Commodity Classification by Destination 157 

External Trade and Trade Indexes 158 

Merchandise Imports: Commodity Classification by Value 159-160 

CHARTS 

United States Dollar in Canadian Funds 151 

Consumer Expenditure on Goods 155 

Value of Selected Exports 157 



Tables and Charts may be reproduced or referred to provided that the Bank of Canada 
Statistical Summary, with its date, is specifically quoted as the source. Subscription: 25c per 
copy, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa. 



AUGUST 1954 




139 


















AUGUST 1954 


AUGUST 1954 


















140 












BANK OF 


CANADA 


















Millions of Dollars 










MONTH-EN 


D FIGURES 
















Millions of Dollars 




ASSETS 




Total 

Assets 

or 

Liabilities 


LIABILITIES 








Government of Canada 
Direct and Guaranteed Securities 


Provincial 


Advances to 


Foreign 
Currency 


Invest- 
ment 


All 
Other 


Notes in Circulation 


Canadian Dollar Deposits 


Foreign 
Currency 


All 
Other 












Govt. 






Held by 














Treasurv 
Bills ' 


Other Maturities 


Total 


Securities 


Govt. 

of 
Canada 


Chartered 

& Savings 

Banks 


Assets 

2 


in 
IDB 

3 


Accounts 
4 








Total 


Govt, of 

Canada 

1 


Chartered 
Banks 


Other 


Liabilities 


Accounts 
1,5 






Chartered 
Banks 


Others 






2 yrs. and 
under 


Over 
2 yrs. 


Total 




As at Dec. 31 
1935 
1936 


2.6 


28.3 


83.4 


111.7 


114.3 




3.5 


_ 


186.4 




3.5 


307.7 


40.6 


59.1 


99.7 


17.9 


181.6 


0.8 




7.7 


As at Dec. 31 
1935 


43.7 


14.6 


99.0 


113.6 


157.3 


3.0 


- 


- 


190.8 




5.9 


357.0 


47.9 


87.9 


135.7 


18.8 


187.0 


2.1 


_ 


13.4 


1936 


1937 


67.2 


12.1 


91.3 


103.4 


170.6 


3.3 


— 


- 


209.9 


- 


6.5 


390.3 


53.9 


111.4 


165.3 


11.1 


196.0 


3.5 


_ 


14.4 


1937 


1938 


65.2 


76.1 


40.9 


117.0 


182.2 


3.3 


- 


- 


214.3 


- 


5.2 


404.9 


56.8 


118.4 


175.3 


16.7 


200.6 


3.1 


_ 


9.3 


1938 


1939 


89.3 


89.1 


49.9 


139.0 


228.2 


3.5 


- 


- 


290.0 


- 


5.5 


527.2 


70.6 


162.2 


232.8 


46.3 


217.0 


17.9 


_ 


13.3 


1939 


1940 


109.7 


335.1 


127.3 


462.4 


572.1 


3.7 


- 


- 


38.4 


- 


12.4 


626.6 


98.3 


261.6 


359.9 


10.9 


217.7 


9.5 


_ 


28.5 


1940 


1941 


61.0 


327.1 


216.6 


543.7 


604.7 


3.8 


- 


- 


200.9 


- 


33.5 


842.9 


116.3 


379.6 


496.0 


73.8 


232.0 


6.0 


_ 


35.1 


1941 


1942 


111.7 


691.6 


209.1 


900.7 


1,012.4 


4.0 


- 


1.3 


0.5 


- 


30.1 


1,048.2 


121.1 


572.5 


693.6 


51.6 


259.9 


19.1 


_ 


24.0 


1942 


1943 


84.3 


699.4 


472.7 


1,172.1 


1,256.4 


4.0 


- 


- 


0.6 


- 


47.3 


1,308.3 


122.9 


751.5 


874.4 


20.5 


340.2 


17.8 


- 


55.4 


1943 


1944 


95.7 


808.7 


573.0 


1,381.7 


1,477.4 


3.4 


- 


— 


172.3 


10.0 


24.3 


1,687.4 


139.4 


896.6 


1,036.0 


12.9 


401.7 


27.7 


172.3 


36.8 


1944 


1945 


181.1 


973.3 


687.7 


1,661.0 


1,842.1 


3.5 


- 


- 


156.8 


10.0 


19.5 


2,031.9 


162.9 


966.2 


1,129.1 


153.3 


521.2 


29.8 


156.8 


41.7 


1945 


1946 


233.4 


962.0 


708.2 


1,670.2 


1,903.6 


2.0 


- 


- 


1.0 


15.0 


27.1 


1,948.6 


176.9 


1,009.3 


1,186.2 


60.5 


565.5 


93.8 


1.0 


41.7 


1946 


1947 


253.8 


768.2 


858.5 


1,626.7 


1,880.6 


- 


- 


- 


2.0 


25.0 


18.7 


1,926.2 


183.9 


1,027.5 


1,211.4 


68.8 


536.2 


67.5 


2.0 


40.4 


1947 


1948 


249.5 


984.2 


779.1 


1,763.3 


2,012.7 


- 


- 


— 


0.5 


25.0 


20.4 


2,058.6 


190.8 


1,098.3 


1,289.1 


98.1 


547.3 


81.0 


0.4 


42.7 


1948 


1949 


243.6 


1,537.8 


227.8 


1,765.6 


2,009.2 


— 


, - 


- 


79.7 


25.0 


12.0 


2,125.9 


211.8 


1,095.6 


1,307.4 


30.7 


541.7 


126.9 


79.6 


39.5 


1949 


1950 


262.7 


966.6 


712.5 


1,679.1 


1,941.8 


- 


- 


- 


359.6 


25.0 


24.0 


2,350.3 


231.3 


1,136.1 


1,367.4 


24.7 


578.6 


207.1 


133.6 


39.0 


1950 


1951 


186.4 


955.3 


1,049.3 


2,004.7 


2,191.1 


- 


- 


- 


204.2 


27.8 


21.0 


2,444.1 


273.1 


1,191.1 


1,464.2 


94.9 


619.0 


66.1 


155.6 


44.4 


1951 


1952 


282.9 


1,176.9 


767.2 


1,944.1 


2,227.0 


- 


- 


- 


84.5 


30.8 


39.2 


2,381.4 


272.5 


1,288.7 


1,561.2 


16.2 


626.6 


44.5 


82.9 


50.0 


1952 


1953 


374.5 


1,002.1 


893.7 


1,895.7 


2,270.2 


- 


- 


- 


67.2 


36.3 


63.5 


2,437.2 


263.8 


1,335.3 


1,599.1 


51.5 


623.9 


29.5 


63.8 


69.3 


1953 

End of 

Jan.— 1951 


End of 
1951— Jan. 


239.1 


931.8 


731.5 


1,663.3 


1,902.4 


_ 


_ 


_ 


318.4 


25.0 


48.2 


2,294.1 


219.6 


1,074.8 


1,294.4 


68.3 


537.6 


204.4 


136.0 


53.3 


Feb. 


266.7 


898.6 


757.0 


1,655.6 


1,922.4 


- 


- 


- 


286.2 


25.0 


55.1 


2,288.7 


202.8 


1,092.6 


1,295.4 


69.5 


550.5 


204.6 


128.9 


39.8 


Feb. 


Mar. 


283.2 


1,058.7 


673.7 


1,732.4 


2,015.6 


— 


- 


- 


194.6 


25.0 


31.6 


2,266.8 


185.1 


1,134.4 


1,319.5 


70.5 


552.9 


206.7 


88.5 


28.7 


Mar. 


Apr. 


271.7 


1,055.9 


722.5 


1,778.4 


2,050.1 


- 


- 


- 


199.7 


25.0 


73.0 


2,347.7 


203.1 


1,119.9 


1,323.0 


56.9 


556.1 


215.1 


137.7 


58.9 


Apr. 


May 


253.7 


1,060.0 


777.3 


1,837.3 


2,091.0 


- 


- 


- 


170.6 


25.0 


47.4 


2,334.1 


214.8 


1,122.7 


1,337.5 


76.2 


530.1 


221.5 


129.9 


38.8 


May 


June 


253.2 


1,082.0 


846.3 


1,928.3 


2,181.5 


- 


- 


- 


175.8 


25.0 


20.1 


2,402.4 


177.1 


1,174.2 


1,351.3 


75.3 


590.7 


220.1 


132.8 


32.2 


June 


July 


240.3 


1,087.1 


872.5 


1,959.5 


2,199.9 


- 


- 


- 


168.2 


25.3 


41.9 


2,435.3 


226.0 


1,144.5 


1,370.5 


91.1 


558.2 


212.6 


146.7 


56.2 


July 


Aug. 


257.4 


1,092.3 


888.1 


1,980.4 


2,237.8 


- 


- 


_ 


143.5 


25.8 


50.6 


2,457.6 


189.7 


1,181.0 


1,370.7 


115.0 


580.4 


185.7 


143.0 


62.8 


Aug. 


Sept. 


227.6 


1,070.0 


896.1 


1,966.0 


2,193.7 


- 


- 


_ 


117.1 


26.3 


30.8 


2,367.8 


195.2 


1,192.8 


1,388.0 


105.6 


579.4 


140.0 


116.3 


38.5 


Sept. 


Oct. 


248.0 


1,069.5 


956.4 


2,025.9 


2,273.8 


- 


- 


_ 


103.4 


26.5 


49.7 


2,453.4 


232.2 


1,174.3 


1,406.5 


210.3 


588.3 


83.3 


102.1 


62.9 


Oct. 


Nov. 


178.2 


959.6 


1,043.1 


2,002.7 


2,180.9 


- 


- 


_ 


145.9 


26.8 


35.4 


2,388.9 


195.1 


1,212.1 


1,407.2 


66.0 


633.8 


92.5 


135.1 


54.4 


Nov. 


Dec. 


186.4 


955.3 


1,049.3 


2,004.7 


2,191.1 


- 


- 


- 


204.2 


27.8 


21.0 


2,444.1 


273.1 


1,191.1 


1,464.2 


94.91 


619.0 


66.1 


155.6 


44.41 


Dec. 


1952— Jan. 


158.9 


936.4 


1,042.6 


1,979.0 


2,137.9 


_ 


_ 


_ 


106.9 


27.8 


33.3 


2,306.0 


222.4 


1,153.2 


1,375.6 


92.8 


629.2 


54.9 


99.5 


53.9 


Jan.— 1952 


Feb. 


136.8 


921.3 


1,027.7 


1,949.0 


2,085.8 


- 


- 


_ 


94.9 


27.8 


35.9 


2,244.3 


175.6 


1,198.8 


1,374.4 


88.5 


616.7 


52.1 


84.7 


27.8 


Feb. 


Mar. 


114.6 


1,065.3 


882.2 


1,947.6 


2,062.1 


- 


- 


_ 


68.6 


28.3 


70.0 


2,229.0 


207.5 


1,185.7 


1,393.2 


14.6 


656.5 


66.1 


68.5 


30.1 


Mar. 


Apr. 


124.5 


1,067.0 


874.7 


1,941.7 


2,066.1 


- 


- 


_ 


90.3 


28.7 


37.4 


2,222.5 


234.8 


1,177.0 


1,411.8 


14.3 


645.7 


41.7 


77.5 


31.5 


Apr. 


May 


143.0 


1,060.7 


824.6 


1,885.3 


2,028.3 


- 


- 


_ 


85.7 


28.9 


37.5 


2,180.4 


190.6 


1,226.8 


1,417.4 


21.9 


579.4 


44.6 


82.8 


34.3 


May 


June 


184.9 


1,066.4 


817.8 


1,884.2 


2,069.1 


- 


— 


_ 


51.1 


28.9 


39.9 


2,189.0 


219.6 


1,222.2 


1,441.8 


26.8 


578.0 


48.5 


48.4 


45.6 


June 


July 


205.6 


1,074.5 


843.9 


1,918.4 


2,124.0 


- 


- 


_ 


70.3 


28.8 


35.1 


2,258.2 


235.3 


1,223.0 


1,458.3 


• 51.6 


595.5 


41.6 


70.0 


41.3 


July 


Aug. 


228.5 


1,074.7 


852.9 


1,927.6 


2,156.1 


- 


- 


_ 


82.2 


28.8 


33.5 


2,300.7 


197.4 


1,267.0 


1,464.4 


52.0 


614.7 


47.4 


82.1 


40.0 


Aug. 


Sept. 


217.7 


1,046.0 


870.9 


1,916.9 


2,134.6 


- 


- 


_ 


80.8 


28.8 


34.6 


2,278.9 


238.1 


1,238.4 


1,476.5 


30.7 


588.2 


49.4 


78.8 


55.1 


Sept. 


Oct. 


235.0 


1,051.8 


896.1 


1,947.9 


2,182.8 


- 


_ 


_ 


74.2 


29.4 


42.5 


2,329.0 


194.6 


1,291.0 


1,485.6 


18.8 


668.8 


56.0 


48.4 


51.4 


Oct. 


Nov. 


241.5 


972.8 


957.3 


1,930.1 


2,171.5 


- 


_ 


_ 


74.9 


30.1 


34.8 


2,311.4 


204.9 


1,293.9 


1,498.8 


15.0 


607.3 


65.1 


73.5 


51.8 


Nov. 


Dec. 


282.9 


1,176.9 


767.2 


1,944.1 


2,227.0 


- 


- 


- 


84.5 


30.8 


39.2 


2,381.4 


272.5 


1,288.7 


1,561.2 


16.21 


626.6 


44.5 


82.9 


50.01 


Dec. 


1953— Jan. 


184.3 


1,166.9 


803.0 


1,969.9 


2,154.2 


_ 


_ 




71.7 


31.2 


43.8 


2,300.9 


213.4 


1,266.2 


1,479.6 


40.5 


603.1 


47.6 


70.2 


60.0 


Jan.— 1953 


Feb. 


251.0 


1,160.9 


817.5 


1,978.4 


2,229.4 


- 


_ 


_ 


79.4 


31.9 


49.5 


2,390.1 


191.5 


1,281.3 


1,472.8 


88.6 


668.0 


51.4 


77.4 


31.8 


Feb. 


Mar. 


236.4 


1,134.6 


810.9 


1,945.4 


2,181.8 


- 


_ 


_ 


73.0 


32.1 


39.8 


2,326.7 


232.3 


1,261.1 


1,493.4 


60.6 


601.1 


66.5 


71.0 


34.1 


Mar. 


Apr. 


304.1 


1,132.5 


796.0 


1,928.6 


2,232.7 


- 


_ 


_ 


75.5 


32.6 


46.4 


2,387.2 


232.7 


1,272.1 


1,504.8 


48.3 


646.7 


76.8 


73.4 


37.2 


Apr. 


May 


288.5 


1,076.3 


821.4 


1,897.7 


2,186.2 


- 


_ 


_ 


66.8 


33.1 


59.3 


2,345.4 


210.4 


1,307.5 


1,517.9 


45.6 


594.9 


72.1 


64.8 


50.1 


May 


June 


339.7 


1,065.9 


852.0 


1,917.9 


2,257.6 


- 


_ 


_ 


73.9 


33.1 


59.5 


2,424.2 


239.0 


1,290.0 


1,529.0 


47.9 


647.6 


82.6 


72.0 


44.9 


June 


July 


354.2 


1,097,4 


838.5 


1,935.9 


2,290.1 


- 


_ 


_ 


82.4 


33.3 


46.7 


2,452.6 


. 214.2 


1,333.0 


1,547.2 


43.8 


646.6 


68.7 


80.9 


65.4 


July 


Aug. 


335.0 


1,079.0 


830.9 


1,910.0 


2,245.0 


- 


„ 


_ 


74.9 


33.4 


42.1 


2,395.4 
2,360.5 


247.7 


1,302.0 


1,549.7 


66.4 


617.8 


35.2 


73.3 


53.1 


Aug. 


Sept. 


332.2 


1,053.5 


824.9 


1,878.4 


2,210.5 


- 


_ 




76.4 


33.8 


39.8 


262.0 


1,290.5 


1,552.5 


15.4 


616.9 


37.8 


74.9 


63.0 


Sept. 


Oct. 


407.4 


1,062.5 


812.1 


1,874.6 


2,282.1 


- 


_ 




97.6 


34.5 


57.1 


2,471.3 


211.2 


1,344.7 


1,555.9 


3.8 


733.6 


37.2 


76.0 


64.8 


Oct. 


Nov. 


379.7 


998.9 


894.9 


1,893.7 


2,273.4 


- 


_ 


1.5 


68.7 


34.8 


45.9 


2,424.3 


256.2 


1,303.1 


1,559.3 


50.3 


625.6 


43.4 


67.2 


78.5 


Nov. 


Dec. 


374.5 


1,002.1 


893.7 


1,895.7 


2,270.2 


- 


- 




67.2 


36.3 


63.5 


2,437.2 


263.8 


1,335.3 


1,599.1 


51.51 


623.9 


29.5 


63.8 


69.31 


Dec. 


1954— Jan. 


335.3 


993.0 


880.6 


1,873.6 


2,208.9 


_ 


_ 


10.0 


73.8 


36.3 


44.6 


2,373.5 


225.8 


1,293.4 


1,519.2 


48.8 


634.4 


29.5 


71.3 


70.3 


Jan.— 1954 


Feb. 


324.9 


1,049.9 


900.8 


1,950.7 


2,275.7 


- 


_ 


10.0 


65.2 


36.4 


58.1 


2,445.3 


201.6 


1,304.6 


1,506.2 


126.1 


676.6 


34.4 


62.7 


39.3 


Feb. 


Mar. ■ 


300.6 


1,252.2 


636.3 


1,888.5 


2,189.1 


- 


_ 




62.3 


35.7 


98.2 


2,385.3 
2,431.3 
2,425.6 
2,437.5 
2,316.9 
2,306.5 


242.9 


1,269.7 


1,512.6 


81.8 


660.0 


28.9 


60.8 


41.2 


Mar. 


Apr. 


314.8 


1,389.0 


568.0 


1,957.0 


2,271.8 


- 


_ 


0.4 


70.9 


35.7 


52.5 


211.0 


1,324.7 


1,535.7 


86.0 


661.7 


27.3 


68.4 


52.2 


Apr. 


May 


310.4 


1,430.0 


520.5 


1,950.6 


2,260.9 


- 


_ 


15.0 


74.0 


35.7 


40.0 


258.1 


1,288.5 


1,546.6 


143.8 


589.3 


30.3 


71.3 


44.4 


May 


June 


256.1 


1,312.4 


702.0 


2,014.4 


2,270.5 


- 


_ 




91.1 


34.5 


41.4 


227.2 


1,326.3 


1,553.5 


99.0 


624.4 


41.4 


64.6 


54.6 


June 


Julv 


165.3 


1,485.9 


492.6 


1,978.5 


2,143.9 


- 


_ 




65.9 


34.6 


72.5 


217.9 


1,354.2 


1,572.1 


50.5 


543.9 


30.9 


63.9 


55.7 


July 


Aug. 


133.8 


1,536.1 


493.0 


2,029.1 


2,162.9 


~ 


- 


- 


69.1 


34.5 


40!l 




* 


1,573.0 


49.6 


531.0 


31.5 


67.1 


54.2 


Aug. 


1. Before the transfer o 
Bank capita] stock, bom 


Bank of Car 
s and debentu 


ada profits fo 
res. 4. Ba 


■ the year end 
ik premises an 


ng December 
d all other ass 


31st from "A 
:ts. S. Cap 


1 Other Accoi 
ital, rest fund 


nts" to Gove 
and all other 1 


rnment of Car 
abilities. * 


ada deposits. 
Not available 


2. Foreign 


exchange and 


foreign seeurit 


es. Includes gold for following year-ends: 1935, 180.5; 


1936, 179.4; 1937, 179.7; 1938, 185.9; 1939 


225.7. 3. 


ndustrial Development 



141 




















AUGUST 1954 


AUGUST 1954 




















142 


Millions of Dollars 








BANK OF 

Weekly 


CANADi 

Figures 


V 


















Millions of Dollars 






ASSETS 






Total 

Assets 

or 

Liabilities 


LIABILITIES 








Government of Canada 
Direct and Guaranteed Securities 


Provincial 

Govt. 
Securities 


Advances to 


Foreign 

Currency 

Assets 

1 


Invest- 
ment 

in 
IDB 

2 


All 

Other 

Accounts 

3 


Notes in Circulation 


Canadian Dollar Deposits 


Foreign 
Currency 
Liabilities 


All 

Other 

Accounts 

4 






Treasury 
Bills 


Other Maturities 


Total 


Govt. 

of 
Canada 


Chartered 

& Savings 

Banks 


Held by 


Total 


Govt, of 
Canada 


Chartered 
Banks 


Other 






Chartered 
Banks 


Others 






2 yrs. and 
under 


Over 
2 yrs. 


Total 




As at 
1953— Aug. 


5 
12 
19 
26 


348.6 
345.3 
335.2 
323.3 


1,089.1 
1,084.4 
1,082.1 
1,079.8 


834.1 
832.7 
834.5 
832.5 


1,923.2 
1,917.0 
1,916.5 
1,912.3 


2,271.7 
2,262.3 
2,251.7 
2,235.6 


- 


: 


_ 


79.3 

72.2 
74.7 
75.1 


33.3 
33.3 
33.3 
33.3 


54.0 
43.7 
39.4 
37.0 


2,438.4 
2,411.4 
2,399.2 
2,381.1 


261.2 
286.2 
280.7 
294.9 


1,293.5 
1,267.2 
1,270.4 
1,253.2 


1,554.7 
1,553.4 
1,551.1 
1,548.1 


41.1 
55.4 
76.2 
63.4 


643.5 
608.0 
614.4 
613.3 


68.1 
71.3 
35.8 
32.9 


77.7 
70.8 
72.9 
74.2 


53.2 
52.5 
48.8 
49.3 


As at 
5 Aug.- 
12 
19 
26 


-1953 


Sept. 


2 

9 
16 
23 
30 


334.8 
330.2 
323.7 
320.1 
332.2 


1,080.3 
1,076.4 
1,060.0 
1,061.6 
1,053.5 


831.4 
830.2 
826.2 
824.9 
824.9 


1,911.7 
1,906.6 
1,886.2 
1,886.5 
1,878.4 


2,246.5 
2,236.8 
2,209.9 
2,206.6 
2,210.5 


- 


- 


- 


70.4 
70.0 
77.6 
86.4 
76.4 


33.4 
33.4 
33.5 
33.5 
33.8 


44.9 
45.4 
29.7 
36.2 
39.8 


2,395.2 
2,385.6 
2,350.8 
2,362.6 
2,360.5 


255.3 
277.7 
275.2 
290.8 
262.0 


1,297.0 
1,281.7 
1,284.7 
1,261.4 
1,290.5 


1,552.3 
1,559.4 
1,559.9 
1,552.2 
1,552.5 


57.6 
41.1 
31.3 
27.5 
15.4 


629.4 
633.7 
598.4 
607.2 
616.9 


35.7 
33.2 
33.8 
39.7 
37.8 


69.2 
68.5 
76.4 
84.9 
74.9 


51.0 
49.6 
51.0 
51.2 
63.0 


2 Sept. 

9 
16 
23 
30 




Oct. 


7 
14 
21 
28 


331.7 
343.6 
355.1 
363.3 


1,031.6 
1,024.4 
1,021.1 
1,035.2 


819.0 
828.9 
822.9 
814.5 


1,850.5 
1,853.2 
1,844.0 
1,849.7 


2,182.2 
2,196.8 
2,199.0 
2,213.0 


- 


- 


- 


68.4 
74.0 
95.2 
98.3 


33.8 
33.8 
33.8 
33.8 


65.1 
39.4 
45.2 
42.2 


2,349.5 
2,344.0 
2,373.2 
2,387.2 


274.4 
283.2 
292.9 
295.4 


1,286.1 
1,284.2 
1,271.5 
1,261.5 


1,560.5 
1,567.4 
1,564.4 
1,556.9 


16.8 
7.2 

17.7 
9.9 


615.9 
609.3 
627.0 
636.2 


35.6 
33.9 
35.2 
36.3 


66.6 
72.4 
74.1 
77.2 


54.2 
53.8 
54.9 
70.8 


7 Oct. 

14 
21 
28 




Nov. 


4 
11 
18 
25 


403.6 
403.1 
395.7 
391.9 


977.5 
975.1 
971.7 
985.5 


879.5 
884.0 
891.9 
894.8 


1,857.0 
1,859.0 
1,863.6 
1,880.3 


2,260.6 
2,262.1 
2,259.3 
2,272.2 


- 


- 


1.5 
1.5 


76.4 
77.4 
68.2 
61.2 


34.5 
34.5 
34.5 
34.5 


79.9 
53.3 
58.0 
44.9 


2,451.3 
2,427.3 
2,421.5 
2,414.3 


267.0 
283.3 
294.9 
303.5 


1,294.5 
1,286.4 
1,273.5 
1,255.9 


1,561.5 
1,569.7 
1,568.4 
1,559.4 


70.3 
58.9 
62.5 
59.8 


624.1 
614.3 
613.1 
630.5 


37.7 
36.3 
32.6 
33.2 


74.9 
75.9 
66.6 
59.6 


82.8 

72.2 
78.2 
71.8 


4 Nov. 
11 
18 
25 




Dec. 


2 

9 

16 

23 

30 


389.4 
386.0 
367.9 
370.9 
359.2 


1,006.6 
1,009.6 
1,023.9 
1,051.1 
1,050.0 


893.9 
894.5 
899.8 
896.4 
896.6 


1,900.4 
1,904.1 
1,923.8 
1,947.5 
1,946.6 


2,289.9 
2,290.1 
2,291.7 
2,318.3 
2,305.7 


- 


- 


1.5 
1.5 
1.5 
1.0 
1.0 


67.1 
69.5 
61.6 
70.5 
64.7 


34.8 
34.8 
34.8 
34.8 
34.8 


37.1 
41.2 
37.7 
43.4 
51.8 


2,430.3 
2,437.1 
2,427.3 
2,468.0 
2,458.0 


259.9 
288.5 
273.8 
275.4 
293.5 


1,303.0 
1,284.4 
1,313.1 
1,332.4 
1,307.5 


1,562.9 
1,572.9 
1,586.9 
1,607.8 
1,601.0 


50.8 
55.5 
53.7 
50.2 
50.5 


646.4 
630.9 
613.8 
618.7 
612.8 


42.1 
40.4 
47.0 
51.2 
56.5 


64.2 
66.4 
57.9 
67.1 
61.2 


63.9 
71.0 
68.0 
73.0 
76.0 


2 Dec. 

9 
16 
23 
30 




1954— Jan. 


6 
13 
20 
27 


374.6 
353.8 
358.4 
343.9 


998.1 
990.8 
989.1 
991.1 


896.5 
894.9 
891.0 
885.3 


1,894.6 
1,885.7 
1,880.1 
1,876.4 


2,269.2 
2,239.5 
2,238.5 
2,220.2 


- 


- 


- 


66.4 
73.3 

59.4 
70.7 


36.3 
36.3 
36.3 
36.3 


61.9 
45.9 
33.0 
36.0 


2,433.8 
2,394.9 
2,367.1 
2,363.1 


317.6 
326.0 
310.4 
304.4 


1,270.5 
1,237.0 
1,232.9 
1,219.7 


1,588.1 
1,563.0 
1,543.3 
1,524.1 


51.9 
53.6 
50.8 
49.5 


643.1 
613.4 
619.7 
623.9 


22.9 
27.8 
28.3 
27.5 


63.9 
71.7 
57.2 
68.5 


64.0 
65.4 
67.8 
69.6 


6 Jan.— 
13 
20 
27 


-1954 


Feb. 


3 
10 
17 
24 


344.7 
339.1 
316.7 
313.2 


1,010.1 
1,014.1 
1,037.4 
1,049.0 


889.8 
896.6 
904.8 
899.5 


1,899.8 
1,910.7 
1,942.2 
1,948.6 


2,244.6 
2,249.8 
2,258.9 
2,261.7 


- 


- 


21.0 
4.0 
1.0 


66.4 
66.0 
68.3 
68.1 


36.3 
36.3 
36.3 
36.3 


44.1 
39.2 
42.1 
36.3 


2,412.3 
2,395.2 
2,406.6 
2,402.4 


264.4 
285.5 
270.5 
284.2 


1,254.0 
1,227.4 
1,239.9 
1,223.8 


1,518.4 
1,512.9 
1,510.4 
1,508.0 


83.2 
126.9 
128.0 
124.5 


630.9 
626.9 
631.9 
639.8 


40.1 
36.3 
40.0 
37.0 


64.4 
63.3 
65.7 
65.4 


75.2 

28.8 
30.8 
27.7 


3 Feb. 
10 

17 
24 




Mar. 


3 

10 
17 
24 
31 


331.1 
324.1 
318.4 
308.2 
300.6 


939.1 
942.3 
955.4 
963.3 
1,252.2 


933.1 
901.2 
919.6 
946.1 
636.3 


1,872.2 
1,843.5 
1,875.0 
1,909.5 
1,888.5 


2,203.3 
2,167.6 
2,193.4 
2,217.7 
2,189.1 


- 


- 


10.0 


67.9 
68.9 
65.3 
68.9 
62.3 


36.4 

36.4 
36.4 
35.7 
35.7 


81.6 

37.8 
33.8 
30.7 
98.2 


2,399.2 
2,310.6 
2,328.8 
2,352.9 
2,385.3 


248.9 
275.0 
263.2 
280.1 
242.9 


1,263.0 
1,239.1 
1,251.4 
1,230.7 
1,269.7 


1,511.9 
1,514.1 
1,514.6 
1,510.8 
1,512.6 


51.1 
50.3 
49.7 
43.7 
81.8 


681.8 
612.0 
636.2 
670.5 
660.0 


33.5 
35.4 
32.0 
31.3 
28.9 


65.7 
66.6 
63.8 
67.4 
60.8 


55.2 
32.2 
32.4 
29.3 
41.2 


3 Mar. 
10 
17 
24 
31 




Apr. 


7 
14 
21 
28 


310.5 
309.7 
308.2 
296.9 


1,298.4 
1,330.5 
1,351.3 
1,382.5 


549.3 
549.9 
557.5 
562.2 


1,847.7 
1,880.4 
1,908.8 
1,944.7 


2,158.2 
2,190.1 
2,217.0 
2,241.6 


- 


- 


30.0 . 
10.0 

5.0 

0.4 


63.5 
68.9 
61.4 
65.2 


35.7 
35.7 
35.7 
35.7 


52.5 
42.5 
38.6 
41.1 


2,339.9 
2,347.2 
2,357.6 
2,383.9 


260.2 
262.6 
283.2 
290.5 


1,263.8 
1,274.3 
1,259.6 
1,247.1 


1,524.0 
1,536.9 
1,542.8 
1,537.6 


63.2 

68.4 
67.2 
81.3 


627.0 
617.5 
620.6 
642.8 


27.4 
24.5 
24.7 
23.3 


62.1 
66.9 
59.9 
62.7 


36.1 
33.0 
42.4 
36.3 


7 Apr. 
14 
21 
28 




May 


5 
12 
19 
26 


313.5 
304.6 
298.1 
294.6 


1,406.1 
1,410.3 
l',403.6 
1,412.9 


575.9 
586.4 
532.1 
511.1 


1,982.1 
1,996.7 
1,935.7 
1,924.0 


2,295.6 
2,301.3 
2,233.8 
2,218.7 


: 


: 


0.4 
. 20.0 


68.5 
71.4 
73.1 
71.4 


35.6 
35.6 
35.6 
35.6 


41.3 
61.8 
71.1 
36.6 


2,441.4 
2,470.0 
2,413.6 
2,382.3 


263.6 
288.9 
284.7 
293.2 


1,276.5 
1,252.7 
1,255.8 
1,250.2 


1,540.1 
1,541.6 
1,540.5 
1,543.4 


95.7 

118.5 
143.2 
137.0 


665.3 
663.3 
591.5 
566.3 


28.8 
28.0 
29.2 
27.7 


66.0 

68.4 
70.5 
68.8 


45.5 
50.2 
38.8 
39.1 


5 May 
12 
19 
26 




June 


2 

9 

16 

23 

30 


314.3 
301.1 
265.4 
264.0 
256.1 


1,272.9 
1,307.4 
1,289.7 
1,299.8 
1,312.4 


672.9 
692.6 
699.5 
707.1 
702.0 


1,945.8 
2,000.0 
1,989.2 
2,006.9 
2,014.4 


2,260.1 
2,301.1 
2,254.6 
2,270.9 
2,270.5 


: 


- 


15.0 


70.7 
73.4 
71.4 
75.9 
91.1 


35.7 , 

35.7 

34.5 

34.5 

34.5 


65.9 
48.3 
36.8 
34.0 
41.4 


2,447.4 
2,458.4 
2,397.3 
2,415.3 
2,437.5 


261.3 
288.1 
273.0 
290.5 
227.2 


1,287.7 
1,260.7 
1,276.4 
1,256.1 
1,326.3 


1,549.0 
1,548.8 
1,549.4 
1,546.6 
1,553.5 


123.8 
127.2 
65.1 
82.9 
99.0 


570.3 
626.3 
634.3 
639.0 
624.4 


31.3 
32.2 
31.6 
30.5 
41.4 


68.0 
70.8 
68.8 
69.6 
64.6 


105.0 
53.1 
48.1 
46.7 
54.6 


2 June 

9 
16 
23 
30 




July 


7 
14 
21 
28 


229.4 
205.2 
188.5 
160.5 


1,416.5 
1,423.9 
1,423.3 
1,472.6 


529.1 
514.9 
501.7 
495.2 


1,945.7 
1,938.8 
1,925.1 
1,967.8 


2,175.0 
2,143.9 
2,113.6 
2,128.3 


: 


: 


5.0 


89.8 
92.4 
89.4 
62.1 


34.5 
34.5 
34.5 
34.5 


79.2 
40.3 
48.9 
28.3 


2,383.6 
2,311.2 
2,286.5 
2,253.2 


272.2 
286.3 
282.5 
290.5 


1,292.6 
1,283.7 
1,289.1 
1,280.9 


1,564.8 
1,570.0 
1,571.6 
1,571.4 


55.9 
40.0 
43.0 
45.1 


613.8 
556.1 
531.6 
494.8 


34.0 
32.0 
30.9 
29.4 


63.4 
66.1 
63.2 
60.3 


51.7 
47.0 
46.1 
52.2 


7 July 
14 
21 
28 




Aug. 


4 
11 
18 
25 


164.1 . 
155.4 
142.6 
137.9 


1,488.5 
1,514.4 
1,523.0 
1,528.3 


492.0 
485.6 
479.1 
485.6 


1,980.4 
2,000.0 
2,002.1 
2,013.9 


2,144.5 
2,155.4 
2,144.7 
2,151.8 


: 


: 


1 


64.6 
63.0 
71.9 
61.9 


34.6 
34.6 
34.6 
34.9 


44.3 
34.4 
32.1 
30.4 


2,288.0 
2,287.4 
2,283.4 
2,278.9 


265.4 
291.3 
284.8 
299.7 


1,310.8 
1,288.2 
1,291.7 
1 ,272.9 


1,576.2 
1,579.5 
1,576.5 
1,572.6 


47.8 
46.7 
50.8 
51.3 


517.2 
520.6 
505.3 
517.7 


33.1 
30.7 
27.9 
27.0 


62.0 

60.2 
70.6 
60.0 


51.6 

49.6 
52.2 
49.8 


4 Aug. 
11 
18 
25 




Sept. 


1 
8 


133.8 
120.1 


1,537.4 
1,542.0 


493.9 
508.8 


2,031.2 
2,050.9 


2,165.0 
2,171.0 


_ 


- 


- 


69.4 
65.3 


34.5 

34.5 


40.2 
51.2 


2,309.1 
2,321.8 


257.1 

* 


1,317.2 


1,574.3 
1,620.7 


45.0 
52.1 


538.1 
502.7 


26.3 

26.7 


67.7 
63.5 


57.7 
56.3 


1 Sept. 
8 




1. Foreign exchange ant 


foreign secur 


ties. 2. In 


dustrial Deveit 


pment Bank t 


apita] stock, I 


onds and debt 


ntures. 3. 


Bank premise 


and all other 


assets. 4. 


Capital, rest !u 


nd and all othe 


r liabilities. 


* Not available. 

















143 



AUGUST 1954 



Millions of Di 


liars 












I. CANADIAN CASH RESERVES* 






"ash Reserves 


Canadian 


Average 










Dollar- 
Deposit 


Cash 
Reserve 




Bank of 


Bank of 






Canada 


Canada 


Total 


Liabilities 


Ratio 




Deposits 


Notes 




l 


2 


Averages* 
1947 


501 


169 


670 


6,209 


10.8 


1948 


531 


181 


711 


6,547 


10.9 


1949 


550 


196 


746 


7,178 


10.4 


1950 


548 


207 


755 


7,487 


10.1 


1951 


567 


225 


792 


7,759 


10.2 


1952 


606 


239 


844 


8,110 


10.4 


1953 


627 


256 


883 


8,624 


10.2 


1953-Jan. 


627 


279 


906 


8,426 


10.8 


Feb. 


645 


244 


889 


8,296 


10.7 


Mar. 


644 


239 


883 


8,407 


10.5 


Apr. 


622 


246 


869 


8,618 


, 10.1 


May 


634 


246 


880 


8,699 


10.1 


June 


610 


255 


865 


8,529 


10.1 


July 


621 


254 


875 


8,685 


10.1 


Aug. 


619 


•> 256 


874 


8,669 


10.1 


Sept. 


617 


260 


878 


8,651 


10.1 


Oct. 


632 


256 


889 


8,787 


10.1 


Nov. 


628 


264 


892 


8,935 


10.0 


Dec. 


629 


267 


896 


8,787 


10.2 


1954-Jan. 


627 


290 


917 


8,871 


10.3 


Feb. 


640 


254 


894 


8,945 


10.0 


Mar. 


652 


249 


902 


8,686 


10.4 


Apr. 


623 


248 


871 


8,745 


10.0 


May 


628 


257 


885 


8,818 


10.0 


June 


635 


261 


896 


8,857 


10.1 


July* 


555 


278 


832 


8,9101 


9.3 2 


Aug.* 


524 


267 


791 


8,932 


8.9 



CHARTER 

Monthly 

Bank of 

















from Bank 


Govt. 


Provincial 




of Canada 


of 


Govern- 






Canada 


ments 


As at Dec. 31 








1947 


— 


216 


113 


1948 


- 


236 


149 


1949 


- 


164 


167 


1950 


- 


257 


158 


1951 


- 


88 


185 


1952 


- 


49 


214 


1953 


- 


473 


166 


End of 








1953— Jan. 


- 


62 


173 


Feb. 


- 


141 


157 


Mar. 


- 


190 


250 


Apr. 


_ 


178 


204 


May 


- 


99 


187 


June 


- 


98 


259 


July 


- 


74 


168 


Aug. 


- 


116 


137 


Sept. 


- 


80 


212 


Oct. 


- 


233 . 


151 


Nov. 


- 


525 


113 


Dec. 


- 


473 


166 


1954— Jan. 


10 


486 


191 


Feb. 


10 


593 


143 


Mar. 


- 


276 


273 


Apr. 


- 


164 


206 


May 


15 


138 


170 


June 


- 


164 


250 


July 


— 


192 


129 



Bank of 

Canada 

Deposits 

and 

Notes 



720 
738 
753 
810 
892 



817 
860 
833 
879 
805 
887 
861 
865 
879 
945 
882 



878 
903 
873 
847 
852 
762 



Canadian 

Day-to- 

Day 

Loans 



56 
68 



Government of Canada 
Direct and Guaranteed Securities s 



Treasury 
Bills 



139 
129 
126 
129 
236 
138 
244 

219 

265 
288 
283 
321 
267 
253 
282 
282 
195 
221 
244 

282 
278 
292 
287 
266 
303 
361 



Other Maturities 



2 yrs. and Over 
under 2 yrs. 



482 
656 
763 
694 
499 
869 
482 



784 
768 
584 
594 
656 
654 
676 
613 
474 
482 

519 

507 

1,270 

1,207 

1,157 

784 

976 



2,028 
2,173 
2,224 
2,256 
2,019 
1,777 
2,034 

1,783 
1,791 
1,951 
1,987 
2,009 
1,992 
1,877 
1,877 
1,884 
1,917 
2,035 
2,034 

2,051 
2,066 
1,213 
1,278 
1,367 
1,706 
1,722 



For periods prior to July 1954 all figures in this section are daily averages. 
From July 1954, in accordance with section 71 of the Bank Act of 1954. 
Bank of Canada deposits are averages of the juridical days in the month 
shown while Bank of Canada notes and Canadian dollar deposit liabilities 
are averages of the 4 consecutive Wednesdays ending with the second last 
Wednesday in the previous month. 

The classification of chartered bank assets and liabilities was revised by 
the Bank Act of 1954. Figures for the end of July 1954 are on the new 



Total 



2,648 
2,959 
3,112 
3,079 
2,754 
2,784 
2,760 

2,863 
2,940 
3,024 
3,038 
2,915 
2,854 
2,787 
2,813 
2,843 
2,726 
2,730 
2,760 

2,853 
2,851 
2,776 
2,772 
2,790 
2,793 
3,060 



Other Canadian Securities, Insured Residenti 



Other Canadian Securities! 5 



Provincial 
6,7 



448 



385 
321 
304 
280 

295 
288 
291 
292 
303 
300 
291 
291 



281 
280 



261 
259 
264 
268 
268 



Municipal 



Corpor- 
ate 



133 
140 
161 
194 
167 
159 
152 

158 
161 
162 
165 
163 
161 
161 
160 
158 
158 
154 
152 

152 
153 
151 
152 
151 
146 
160 



352 
450 
382 
402 
393 
370 
341 

358 
361 
345 
368 
368 
369 
362 
363 
356 
350 
344 
341 

343 
345 
342 
335 
334 
330 
328 



Total 
t 



933 
998 
951 
981 
881 
834 
773 

811 
810 
798 
825 
834 
830 
814 
814 
803 
798 
780 
773 

764 
766 
754 
746 
748 
745 
755 



Insured 
Residential 
Mortgages 



Call& 
Short 



105 
101 
133 
134 
107 
155 
154 

135 
141 
140 
152 
138 
123 
125 
135 
110 
144 
152 
154 

143 

197 
167 
144 
215 
183 
143 



basis and. except for "Other Loans in Canada" (see footnote 8) adjustments 
have been made to put figures for earlier dates on a comparable basis 

1. hrom July 1954 the figures are not adjusted for items in transit and are 
not strictly comparable with the figures in this section for earlier periods. 

2. trior to July 1st. 1954. the statutory minimum requirement was 5 per 
cent for each day; since that date it has been a monthly average of 8 

Ser cent, calculated as described in footnote 1. 
lainly deposits of foreign banks. 



AUGUST 1954 

ED BANKS 

Figures 

Canada 



144 



Millions of Dollars 



II. LIABILITIES! 



Canadian Dollar Deposits! 



Personal 
Savings 



3,453 
3,752 
4,086 
4,176 
4,296 
4,600 
4,756 

4,656 
4,718 
4,765 
4,802 
4,808 
4,829 
4,851 
4,917 
4,943 
4,876 
4,790 
4,756 

4,808 
4,883 
4,959 
5,015 
5,059 
5,109 
5,136 



Other 
Notice 



287 
305 
347 
383 
316 
325 
278 

289 
290 
301 
305 
292 
297 
301 
289 
283 
271 
278 
278 

285 
279 
286 
297 
318 
310 
337 



Other 
Banks 



81 
80 
70 
132 
95 
75 
69 

71 
85 
87 



78 
74 
82 
83 
72 



69 
71 
70 
72 
76 
78 
83 



Public 
Demand 



2,295 
2,550 
2,483 
2,874 
2,993 
3,373 
3,368 

3,056 
3,055 
3,069 
3,224 
3,168 
3,279 
3,162 
3,255 
3,292 
3,299 
3,246 
3,368 

3,110 
3,018 
3,126 
3,106 
3,214 
3,235 
3,153 



Total 

t 



6,446 
7,072 
7,317 
7,979 
7,973 
8,636 
9,111 

8,307 
8,445 
8,662 
8,798 
8,640 
8,851 
8,634 
8,788 
8,892 
8,913 
9,024 
9,111 

8,950 
8,987 
8,990 
8,860 
8,976 
9,146 
9,030 



Foreign 

Currency 

Deposits 

t 



835 
878 
905 
963 

878 
926 
927 
938 
937 
924 
906 
897 
903 
917 
932 



964 

983 

1,019 

995 



Acceptances, 
Guarantees, 
& Letters 
of Credit 



All 

Other 

Liabilities 



201 

206 

164 

258, 

225 

199 

155 

206 
208 
209 
209 
195 
187 
178 
173 
172 
178 
166 
155 

159 
158 
160 
160 
161 
155 
148 



Shareholders 
Equity 



27 
26 
24 
10 



7 
11 
10 
18 
28 



340 
346 
353 
361 
375 
381 
419 

382 
382 
382 
382 
382 
382 
382 
383 
385 
396 
413 
419 

421 
421 
421 
421 
421 
421 
433 



Total 
Liabilities 



7,911 
8,517 
8,653 
9,443 
9,458 
10,128 
10,656 

9,782 
9,968 
10,186 
10,336 
10,163 
10,351 
10,110 
10,248 
10,358 
10,418 
10,546 
10,656 

10,531 
10,548 
10,561 
10,472 
10,579 
10,731 
10,629 



SETSf 




al Mortgages and Loans8 in Canada 


Canadian 

Dollar 

Items in 

Transit 

(Net) 


Foreign Cash Items, 
Securities & Loans 


Customers' 

Liability 

Under 

Acceptances. 

Guarantees, 


All 
Other 
Assets 


Total 
Assets 




LoansS In Canadaf 


Total 












Cash 


Foreign 


Loans 




Provincial 
7 


Municipal 
7 


Other 

9 


Total 
t 


8 


Items 
10 


Securities 
t 


Outside 
Canada 


& Letters 
of Credit 


11 


t 




























As at Dec. 31 


57 


41 


1,922 


2,125 


3,058 


336 


281 


273 


290 


201 


104 


7,911 


1947 


83 


56 


2,078 


2,317 


3,315 


374 


25Q 


244 


318 


206 


113 


8,517 


1948 


62 


72 


2,175 


2,442 


3,392 


306 


276 


244 


280 


164 


124 


8,653 


1949 


72 


84 


2,652 


2,941 


3,922 


431 


265 


196 


347 


258 


135 


9,443 


1950 


68 


94 


2,901 


3,171 


4,052 


512 


254 


206 


409 


225 


154 


9,458 


1951 


79 


97 


3,189 


3,519 


4,353 


752 


283 


262 


435 


199 


160 


10,128 


1952 


65 


96 


3,791 


4,105 


4,878 


751 


280 


244 


540 


155 


160 


10,656 


1953 

End of 

Jan.-1953 


43 


107 


3,178 


3,463 


4,273 


490 


273 


273 


425 


206 


163 


9,782 


38 


116 


3,182 


3,477 


4,287 


522 


281 


257 


451 


208 


163 


9,968 


Feb. 


20 


129 


3,263 


3,551 


4,349 


630 


314 


243 


421 


209 


164 


10,186 


Mar. 


22 


130 


3,373 


3,677 


4,502 


543 


299 


255 


447 


209 


164 


10,336 


Apr. 


20 


120 


3,402 


3,681 


4,515 


568 


303 


259 


441 


195 


161 


10,163 


May 


18 


100 


3,469 


3,709 


4,540 


720 


291 


261 


448 


187 


163 


10,351 


June 


11 


101 


3,543 


3,780 


4,594 


550 


280 


265 


432 


178 


164 


10,110 


July 


13 


105 


3,621 


3,875 


4,689 


558 


288 


251 


446 


173 


165 


10,248 


Aug. 


23 


113 


3,648 


3,894 


4,699 


630 


288 


259 


424 


172 


167 


10,358 


Sept. 


39 


110 


3,719 


4,012 


4,810 


624 


270 


236 


467 


178 


163 


10,418 


Oct. 


f 60 


108 


3,857 


4,177 


4,957 


638 


266 


231 


513 


166 


163 


10,546 


Nov. 


65 


96 


3,791 


4,105 


4,878 


751 


280 


244 


540 


155 


160 


10,656 


Dec. 


54 


105 


3,814 


4,116 


4,879 


560 


254 


284 


521 


159 


161 


10,531 


Jan.-1954 


32 


116 


3,825 


4,170 


4,936 


536 


262 


247 


518 


158 


162 


10,548 


Feb. 


6 


140 


3,756 


4,069 


4,823 


662 


295 


242 


538 


160 


163 


10,561 


Mar. 


9 


142 


3,777 


4,072 


4,818 


614 


272 


260 


541 


160 


163 


10,472 


Apr. 


6 


141 


3,778 


4,141 


4,889 


667 


284 


241 


536 


161 


164 


10,579 


May 


4 


153 


3,7529 


4,092 


4,837 


784 


279 


265 


542 


155 


169 


10,731 


June 


9 


134 


3,781 


4,067 


4,826 


505 


278 


281 


532 


148 


170 


10,629 


July 


4. 
5. 
6. 


Capital, rest fund, and undivided profits as at the latest fiscal year-end. 
ncluding issues payable in foreign currency, 
ncludes securities guaranteed by provincial governments. 


for June 30. 1954, 

10. Includes deposits 

notes, gold and co 


after adjustment lor items in transit, was 3,789. 

with other banks in foreign currencies, foreign bank 

n outside Canada and foreign currency items in transit 


7. Securities purchased direct from issuer 
at time of issue are classified as loans. 


with a term of less than 


one year 


11. Includes bank premises, shares of and loans to controlled corporations, 
gold and coin in Canada, Canadian dollar deposits with other banks. 


9. 


figures for June 30. 1954 and later are not adjusted for items in transit 


non-current loans and other assets 










ind are not s 


trictly comparable with those for earlier dates. The figure 


* Preliminary. 











145 




















AUGUST 1954 


AUGUST 1954 






















146 














CHARTER 


ED BANKS 


























Weekly E 


STIMATES 1 


























Bank of 


Canada 














Bank of 
Canada 
Deposits 
& Notes 

• 


Canadian 

Day-to- 

Day 

Loans 


Govt, of Canada Direct 
& Guaranteed Securities 


Other Canadian Securities, Insured R 


esidential Mortgages and Loansf in Canac 


a 








Canadia 


n Dollar Deposits 


All 
Other 
Items 
(net) 

7 






Other Canadian Securities 


Insured 
Residential 
Mortgages 




Loans! in Canada 


Total 

t 






Treasury 
Bills 


All 
Other 


Total 


Provincial 
2,3 


Municipal 
3 


Cor- 
porate 


Total 


Call& 

Short 

t 


Provincial 
3 


Municipal 
3 


Grain 

4 


Can. Svgs. 

Bonds 

5 


All 

Other 

6 


Total 


Personal 
Savings 


All 
Other 


Total 




As at 

1953— Aug. 5 
12 
19 
26 


905 

894 
895 
908 


- 


254 
256 
271 
290 


2,519 
2,519 
2,521 
2,517 


2,773 
2,775 
2,792 
2,807 


292 
290 
290 
289 


160 
160 
159 
159 


363 
361 
359 
359 


815 
812 
808 
807 


~ 


134 
128 
137 
142 


13 
15 
16 
14 


97 
98 
99 
101 


276 
293 
299 
301 


41 
38 
35 
32 


3,240 
3,247 
3,258 
3,252 


3,800 
3,819 
3,844 
3,841 


4,614 
4,630 
4,652 
4,649 


4,871 
4,869 
4,887 
4,885 


3,758 
3,695 
3,730 
3,718 


8,629 
8,564 
8,617 
8,613 


337 
265 
278 
249 


As at 
5 Aug. —1953 
12 
19 
26 


Sept. 2 

9 

16 

23 

30« 


885 
911 

874 
898 
879 


/ 


282 
288 
290 
295 
282 


2,521 
2,525 
2,539 
2,539 
2,561 


2,803 
2,813 
2,829 
2,834 
2,843 


290 
290 
288 
288 
289 


158 
158 
157 
158 
158 


358 
361 
359 
359 
356 


807 
808 
805 
804 
803 


- 


132 
122 
119 
110 
110 


14 
17 
18 
22 
23 


103 

105 
108 
111 
113 


302 
303 
300 
297 
311 


29 
27 
25 
22 
20 


3,282 
3,305 
3,297 
3,305 
3,298 


3,864 
3,879 
3,867 
3,867 
3,875 


4,670 
4,687 
4,672 
4,671 
4,678 




4,917 
4,928 
4,927 
4,918 
4,943 


3,729 
3,749 
3,743 
3,750 
3,949 


8,646 
8,677 
8,670 
8,668 
8,892 


288 
266 
29S 
265 
492 


2 Sept. 

9 
16 
23 
306 


Oct. 7 
14 
21 
28 


890 
893 
920 
932 


- 


281 

268 
251 
240 


2,545 
2,545 
2,546 
2,518 


2,826 
2,813 
2,797 
2,758 


289 
289 
290 
290 


156 
156 
156 
156 


349 
348 
348 
348 


795 
794 
794 
794 


- 


110 
113 
121 
134 


22 

24 
24 
27 


109 

109 
112 

111 


329 
333 
340 
345 


17 
13 
10 
7 


3,355 
3,335 
3,349 
3,344 


3,941 
3,927 
3,956 
3,969 


4,735 
4,720 
4,750 
4,763 




4,951 
4,951 
4,904 
4,866 


3,760 
3,774 
3,867 
4,011 


8,711 
8,725 
8,771 
8,877 


260 
299 
304 
424 


7 Oct. 

14 
21 
28 


Nov. 4 
11 
18 
25 


891 
898 
908 
934 


- 


195 
194 
202 
206 


2,492 
2,504 
2,501 
2,491 


2,687 
2,698 
2,703 
2,697 


282 

282 
282 
281 


150 
151 
152 
153 


347 
346 
345 
348 


778 
778 
,778 
781 


- 


195 
168 
162 
152 


35 
45 
43 
48 


106 
106 
105 
106 


354 
350 
352 
352 


3 
203 


3,378 
3,380 
3,513 
3,309 


4,071 
4,048 
4,176 
4,170 


4,849 
4,827 
4,954 
4,951 




4,848 
4,805 
4,761 
4,739 


3,911 
3,929 
4,113 
4,127 


8,759 
8,734 
8,874 
8,866 


332 
311 
309 
284 


4 Nov. 
11 
18 
25 


Dec. 2 
9 

16 
23 
30 


906 
919 
888 
894 
906 


- 


'213 
218 
241 
242 
256 


2,483 
2,511 
2,501 
2,490 
2,500 


2,696 
2,729 
2,742 
2,732 
2,756 


279 
279 
279 
280 
278 


151 
152 
152 
152 
152 


343 
338 
336 
339 
340 


774 
768 
766 
771 
770 


- 


153 
144 
152 
161 
153 


54 
62 
66 
70 
71 


105 
104 
101 
102 
101 


355 
353 
355 
369 
391 


183 
' 179 
174 
169 
165 


3,303 
3,300 
3,267 
3,234 
3,214 


4,152 
4,142 
4,115 
4,106 
4,094 


4,926 
4,910 
4,881 
4,878 
4,864 




4,774 
4,742 
4,730 
4,726 
4,748 


4,074 
4,048 
4,089 
4,133 
4,146 


8,848 
8,790 
8,819 
8,859 
8,894 


320 
232 
308 
355 
368 


2 Dec. 

9 
16 
23 
30 


1954— Jan. 6 
13 
20 
27 


961 
939 
930 
928 


- 


244 
263 
260 
273 


2,495 
2,504 
2,533 
2,556 


2,739 
2,767 
2,793 
2,829 


272 
267 
270 
270 


150 
150 
151 
151 


339 
340 
341 
340 


761 
757 
762 
761 


- 


147 
160 
139 
142 


65 
65 
52 
53 


98 
96 
98 
100 


397 

416 
428 
425 


160 
156 
151 
146 


3,208 
3,224 
3,218 
3,241 


4,076 
4,116 
4,086 
4,106 


4,837 
4,873 
4,848 
4,867 




4,775 
4-767 
4,781 
4,786 


4,044 
4,043 
4,014 
4,079 


8,819 
8,810 
8,795 
8,865 


282 
231 
224 
241 


6 Jan. — 1954 
13 
20 
27 


Feb. 3 
10 

17 
24 


895 
912 
902 
924 


: 


273 

264 
287 
289 


2,578 
2,566 
2,561 
2,567 


2,851 
2,830 
2,848 
2,856 


268 
268 
268 
268 


151 
151 
152 
152 


340 
340 
342 
343 


759 
759 
762 
763 


- 


226 
207 
202 
198 


44 
42 
39 

40 


103 
105 
109 
112 


421 
420 
419 
417 


142 
137 
132 
128 


3,249 
3,240 
3,249 
3,249 


4,184 
4,151 
4,150 
4,143 


4,942 
4,910 
4,912 
4,906 




4,839 
4,840 
4,850 
4,854 


4,077 
4,020 
4,033 
4,022 


8,916 
8,860 
8,883 
8,876 


228 
208 
221 
190 


3 Feb. 
10 
17 
24 


Mar. 3 
10 
17 
24 

316 


931 
887 
899 
951 
903 


- 


269 

278 
283 
288 
292 


2,439 
2,462 
2,460 
2,458 
2,484 


2,708 
2,740 
2,743 
2,746 
2,776 


268 
262 
262 
261 
261 


151 
151 
151 
151 
151 


342 
341 
341 
342 
342 


760 
755 
754 
754 
754 


- 


186 
191 
173 
144 
167 


32 
27 
20 
18 
6 


121 
121 
123 
129 
140 


418 

418 
412 
405 
394 


124 
121 
117 
113 
109 


3,263 
3,264 
3,231 
3,230 
3,232 


4,144 
4,141 
4,076 
4,039 
.4,048 


4,904 
4,896 
4,830 
4,793 
4,802 




4,918 
4,915 
4,931 
4,930 
4,959 


3,885 
3,790 
3,777 
3,745 
4,031 


8,803 
8,705 
8,708 
8,675 
8,990 


260 
182 
236 
185 
509 


3 Mar. 
10 
17 
24 
316 


Apr. 7 
14 
21 
28 


887 
880 
904 
933 




282 
283 
284 
295 


2,493 
2,472 
2,477 
2,471 


2,775 
2,755 
2,761 
2,766 


256 
254 
255 
254 


149 
149 
149 
151 


337 
336 
335 
335 


742 
739 
738 
740 


- 


181 
167 
165 
149 


9 
12 
11 
12 


139 
141 
144 
140 


404 
409 
401 
406 


105 
101 
97 
93 


3,266 
3,231 
3,215 
3,248 


4,104 
4,061 
4,032 
4,048 


4,846 
4,800 
4,770 
4,787 




4,971 
4,966 
4,979 
4,985 


3,742 
3,685 
3,786 
3,777 


8,713 
8,651 
8,765 
8,762 


205 
216 
330 
276 


7 Apr. 
14 
21 
28 


May 5 
12 
19 
26 


929 
952 
876 
860 


: 


283 

303 
304 
304 


2,469 
2,473 
2,503 
2,530 


2,752 
2,776 
2,807 
2,834 


260 
260 
261 
261 


149 
149 
147 
147 


332 
332 
332 
332 


740 
740 
739 
740 


- 


149 
133 
182 
181 


10 
12 
7 
5 


142 

137 
139 
139 


409 
404 
400 
392 


89 
85 
81 

76 


3,284 
3,274 
3,268 
3,294 


4,084 
4,045 
4,076 
4,087 


4,823 
4,785 
4,816 
4,826 




5,030 
5,000 
5,005 
5,007 


3,769 
3,764 
3,751 
3,781 


8,799 
8,764 
8,756 
8,788 


295 
251 
257 
268 


5 May 
12 
19 
26 


June 2 

9 

16 

23 

30 


832 
914 
907 
930 
852 


86 
68 
56 


263 
268 
275 
295 
303 


2,412 
2,442 
2,463 
2,471 
2,490 


2,675 
2,710 
2,738 
2,766 
2,793 


261 
262 
264 
266 
268 


147 
147 
146 
148 
146 


330 
330 
330 
330 
330 


738 
739 

740 
744 
745 


1 


343 
261 
196 
176 
183 


6 
9 
10 

7 

4 


143 
141 
146 
138 
153 


388 
383 
379 
377 
382 


73 
70 
67 
63 
60 


3,346 
3,354 
3,313 
3,315 
3,310 


4,298 
4,217 
4,110 
4,077 
4,092 


5,037 
4,956 
4,850 
4,821 
4,837 




5,097 
5,079 
5,085 
5,086 
5,109 


3,874 
3,744 
3,813 
3,841 
4,038 


8,974 
8,829 
8,905 
8,931 
9,146 


430 
249 
324 
346 
608 


2 June 

9 
16 
23 
30 


July 7 
14 
21 
28 


886 
842 
814 
785 


44 
49 
47 
90 


321 
337 
345 
347 


2,508 
2,537 
2,560 
2,700 


2,830 
2,874 
2,905 
3,047 


262 
262 
261 
263 


144 
146 
159 
157 


329 
329 
331 
331 


735 
737 
751 
751 


1 
1 
2 
3 


170 
151 

134 
141 


7 
9 
11 
9 


153 
153 
139 
132 


392 
395 
396 
399 


57 
54 
50 

47 


3,379 
3,353 
3,361 
3,344 


4,157 
4,115 
4,091 
4,072 


4,892 
4,853 
4,844 
4,825 




5,115 
5,107 
5,121 
5,119 


3,754 
3,756 
3,730 
3,901 


8,869 
8,863 
8,851 
9,019 


217 
245 
241 
272 


7 July 
14 
21 
28 


Aug. 4 
11 
18 
25 


783 

812 
790 
817 ' 


74 
73 
78 
53 


360 
362 
375 
401 


2,705 
2,703 
2,719 
2,738 


3,065 
3,065 
3,094 
3,138 


262 

262 
256 
255 


159 
159 
159 
160 


332 

327 
326 
325 


753 
749 
741 
739 


4 
6 
7 
9 


141 
139 
131 
126 


8 
11 
14 
16 


129 
125 
126 
123 


409 
418 
414 
417 


44 
41 
37 
34 


3,355 
3,354 
3,334 
3,336 


4,085 
4,087 
4,057 
4,053 


4,842 
4,841 
4,805 
4,801 




5,164 
5,158 
5,167 
5,167 


3,870 
3,816 
3,814 
3,841 


9,034 
8,975 
8,981 
9,008 


270 
184 
214 
199 


4 Aug. 
11 
18 
25 


Sept. 1 


795 


46 


404 


2,768 


3,172 


256 


159 


324 


739 


11 


121 


15 


127 


415 


32 


3,338 


4,048 


4,798 




5,211 


3,870 


9,081 


270 


1 Sept. 


•k For data on cash r 

1. The classification o 

Bank Act of 1954. 

and adjustments h 

dates on a compar 


'serves, see s 
' chartered b 
Figures for 
ave been ma 
ible basis. 


ection 1 of tab 
ank assets anc 
July 7. 1954 a 
ie where neces 


e on page H 
liabilities wa 
nd later are c 
sary to put fi 


3. 

s revised by 
n the new b 
gures for ear 


2. In 

th . e 3. Se 
isis 

lier '» 
4. Lc 


eludes securities 
curities purchas 
ne of issue are c 
ans to grain de 


guaranteed by 
ed direct from 

assified as loan 
tiers and export 


provincial 
ssuer with 

srs. 


govern me 
a term o 


nts. 
less tlian 1 ye 


ir at 


5. Lt 

6. T 
th 
8h 


ans to financ 
ie figures for 
erefore, prior 
own in sectio 


e the pure 
"All Other 
to June 3 
a III of th 


lase of Canada Savings Bonds at time of issue. 
" loans are not adjusted for items in transit and, 
3, 1954, are not on quite the same basis as those 
e table on pages 143 and 144. 


. The net of all Canadian and foreign asset and liability items not shown 
elsewhere in the table. Changes in this total are normally mainly due to 
changes in cheques and other items in transit. 

: Excluding Canadian day-to-day loans. 



147 



Millions of Dollars 



AUGUST 1954 

GENERAL PUBLIC HOLDINGS 

A— Currency, Bank Deposits and 

Bank of 



1. CANADIAN DOLLAR CURRENCY AND BANK DEPOSITS HE 











Currency and Active Bank Deposits 










Currency 
Outside Banks 


Active Bank Deposits > 


Total 




Chartered Banks 


Bank of 
Canada 




Currency 














Other 








Active 










Public 


Active 


excl. 


Total 


Less: 


Net 


"Other" 




Bank 




Notes 


Coin 


Total 


Demand 


Notice 


Govt, of 


Float 


Total 


Deposits 




Deposits 










t 




Canadaf 


t 


t 










as at Dec. 31 

1961 


1,191 


84 


1,275 


2,993 


717 


281 


3,992 


490 


3,502 


66 


3,568 


4,843 


1952 


1,289 


88 


1,377 


3,373 


796 


289 


4,458 


706 


3,751 


45 


3,796 


5,173 


1953 


1,335 


94 


1,429 


3,368 


823 


236 


4,427 


752 


3,675 


30 


3,705 


5,134 


End of 
1953 — Apr. 


1,272 


89 


1,361 


3,224 


831 


290 


4,345 


555 


3,790 


77 


3,867 


5,228 




1,307 


91 


1,398 


3,168 


832 


273 


4,273 


607 


3,666 


72 


3,738 


5,136 


June 

July 
Aug. 


1,290 


88 


1,378 


3,279 


835 


347 


4,462 


708 


3,753 


83 


3,836 


5,214 


1,333 


92 


1,425 


. 3,162 


839 


246 


4,247 


587 


3,661 


69 


3,730 


5,155 


1,302 


92 


1,394 


3,255 


851 


212 


4,317 


589 


3,728 


35 


3,763 


5,157 


Sept. 


1,291 


92 


1,383 


3,292 


855 


294 


4,441 


627 


3,815 


38 


3,853 


5,236 


Oct. 


1,345 


94 


1,439 


3,299 


844 


234 


4,376 


656 


3,721 


37 


3,758 


5,197 




1,303 


94 


1,397 


3,246 


829 


185 


4,260 


677 


3,584 


43 


3,627 


5,024 


Dec. 


1,335 


94 


1,429 


3,368 


823 


236 


4,427 


752 


3,675 


30 


3,705 


5,134 


1954— Ian. 


1,293 


93 


1,386 


3,110 


832 


260 


4,202 


583 


3,619 


29 


3,648. 


5,034 


Feb. 


1,305 


93 


1-.398 


3,018 


845 


214 


4,077 


556 


3,521 


34 


3,555 


4,953 


Mar. 


1,270 


89 


1,359 


3,126 


858 


343 


4,327 


619 


3,710 


29 


3,739 


5,098 


Apr. 


1,325 


94 


1,419 


3,106 


868 


279 


4,253 


636 


3,618 


27 


3,645 


5,064 


May 


1,288 


94 


1,382 


3,214 


875 


246 


4,336 


681 


3,654 


30 


3,684 


5,066 


Junef 


l,326t 


94 


l,420f 


3,235 


884f 


328 


4,447 


784 


3,663f 


41 


3,704f 


5,124f 


July 


1,354 


95 


1,449 


3,153 


889 


212 


4,254 


505 


3,748 


31 


3,779 


5,228 



2. GOVERNMENT OF CANADA SECURITIES 











Outstanding 


8 








DlSTRIB 




Direct Funded Debt 


Guar- 












Unmatured 


Matured 

and 

out- 
standing 


Total 


anteed 

Un- 
matured 


Exchange 
rate ad- 
justment 


(including 
exchange 
rate adjust- 
ment) 


Bank 
of 






Special 


Other 


Non- 




Banks 




Banking 
Issues' 


Market 
Issues 


market 
Debt I" 


Total 




Funded 
Debt 


11 






as at Dec. 31 
























1951 


1,400 


12,225 


1,194 


14,819 


21 


14,840 


529 


-27 


15,342 


2,191 


2,754 


1952 


1,400 


12,020 


1,250 


14,670 


19 


14,689 


528 


-43 


15,174 


2,227 


2,784 


1953 
End of 
1953— Apr. 


1,400 


12,090 


1,632 


15,122 


19 


15,141 


523 


-37 


15,627 


2,270 


2,760 


1,600 


12,055 


1,190 


14,845 


19 


14,864 


528 


-36 


15,356 


2,233 


3,038 


May 


1,400 


12,055 


1,163 


14,618 


17 


14,635 


528 


-34 


15,129 


2,186 


2,915 


June 


1,400 


12,055 


1,143 


14,598 


17 


14,615 


528 


-33 


15,110 


2,258 


2,854 


July 


1,400 


12,065 


1,126 


14,591 


17 


14,608 


527 


-35 


15,099 


2,290 


2,787 


Aug. 


1,400 


12,075 


1,109 


14,584 


18 


14,602 


527 


-35 


15,093 


2,245 


2,813 


Sept. 


1,400 


12,077 


1,091 


14,568 


18 


14,586 


527 


-38 


15,075 


2,211 


2,843 


Oct. 


1,400 


12,092 


1,167 


14,658 


19 


14,677 


527 


-37 


15,166 


2,282 


2,726 


Nov. 


1,400 


12,090 


1,632 


15,122 


19 


15,141 


527 


-38 


15,630 


2,273 


2,730 


Dec. 


1,400 


12,090 


1,632 


15,122 


19 


15,141 


523 


-37 


15,627 


2,270 


2,760 


1954— Jan. 


1,400 


12,090 


1,605 


15,095 


19 


15,114 


523 


-38 


15,599 


2,209 


2,853 


Feb. 


1,400 


12,090 


1,585 


15,074 


20 


15,094 


673 


-40 


15,727 


2,276 


2,851 


Mar. 


1,400 


11,619 


1,562 


14,582 


62 


14,644 


673 


-35 


15,282 


2,189 


2,776 


Apr. 


1,400 


11,619 


1,539 


14,558 


51 


14,609 


673 


-31 


15,251 


2,272 


2,772 


May 


1,400 


11,619 


1,517 


14,536 


47 


14,583 


673 


-34 


15,222 


2,261 


2,790 


June 


1,400 


11,622 


1,494 


14,516 


71 


14,587 


673 


-34 


15,226 


2,270 


2,793 


July 


1,425 


11,722 


1,475 


14,622 


59 


14,681 


673 


-37 


15,317 


2,144 


3,060 



■^C The term General Public refers to holdings of non-residents as well as 
residents; for an approximate division between resident and non-resident 
holdings on a quarterly basis and of resident holdings between corporate 
and non-corporate holdings as at year-ends see pages 149-150. 

1. Total Canadian dollar deposits of the chartered banks and the Bank of 
Canada less: (a) Inactive chartered bank notice deposits which consist of 
the estimated aggregate minimum quarterly balances in chartered banks' 
personal savings deposits in Canada plus other notice deposits; (b) Float, 
i.e. cheques and other items in transit (net); (c) Canadian dollar deposits 



of the Government of Canada at the chartered banks and the Bank of 
Canada (shown in "Related Bank Assets" section); (d) Canadian dollar 
deposits of the chartered banks at the Bank of Canada. 

2. See footnote 1 (a). 

3. Net assets of the chartered banks and Bank of Canada other than Govern- 
ment of Canada Securities. 

4. See footnote 1 (c). 

5. For estimated quarterly classification of Canadian loans see page 125. 

6. Provincial, Municipal and Corporate securities. 



AUGUST 1954 


































148 


OF CERTAIN LIQUID ASSETS* 






J Government of Canada Securities 






Canada 




Millions of Dollars 


LD BY THE GENERAL PUBLIC, AND RELATED BANK ASSETS 




Total 
Currency 


Related Bank assets 




Inactive 
Chartered 


Bank 
Deposits 

Total J 
Related 


Government of Canada debt 


Other Related Bank Assets 3 




Bank 

Notice 

Deposits 


held by Bank of Canada 
and Chartered Banks 


Chartered Bank Can. Loans 
and non-Govt. Securities 


Bk. of Can. 

Gold and 
Exchange 


Less: 

All 

Other 


Total 






Less: Govt. 


Net 


Canadian 








2 


Bank 

Assets 


Total 


Deposits 


Total 

t 


Loans 


Securities 
«t 


Total 

t 


holdings 
(net) 


(net) 
»t 


t 




3,894 


8,737 


4,945 


182 


4,763 


3,171 




881 


4,052 


49 


125 


3,974 


as at Dec. 31 
1951 


4,129 


9,302 1 


5,011 


65 


4,946 


3,519 




834 


4,353 


2 


-1 


4,356 


1952 


4,211 


9,345 


5,030 


525 


4,505 


4,105 




773 


4,878 


3 


41 


4,840 


1953 


4,276 


9,504 


5,271 


226 


5,045 


3,677 




825 


4,502 


2 


45 


4,459 


End of 

Apr.-1953 


4,268 


9,404 


5,101 


144 


4,957 


3,681 




834 


4,515 


2 


68 


4,447 


May 


4,291 


9,505 


5,112 


146 


4,966 


3,709 




830 


4,540 


2 


3 


4,539 




4,313 


9,468 


5,077 


117 


4,960 


3,780 




814 


4,594 


2 


88 


4,508 


July 


4,355 


9,512 


5,058 


183 


4,875 


3,875 




814 


4,689 


2 


54 


4,637 


Aug. 


4,371 


9,607 


5,053 


95 


4,958 


3,894 




803 


4,699 


2 


50 


4,649 


Sept. 


4,304 


9.5C1 


5,008 


237 


4,771 


4,012 




798 


4,810 


22 


100 


4,730 


Oct. 


4,239 


9,263 ! 


5,004 


575 


4,429 


4,177 




780 


4,957 


2 


125 


4,834 


Nov. 


4,211 


9,345 


5,030 


525 


4,505 


4,105 




773 


4,878 


3 


41 


4,840 


Dec. 


4,261 


9,295 


5,061 


535 


4,526 


4,116 




764 


4,879 


2 


112 


4,769 


Jan.-1954 


4,317 


9,270 


5,127 


719 


4,408 


4,170 




766 


4,936 


2 


76 


4,862 


Feb. 


4,387 


9,485 


4,965 


358 


4,607 


4,069 




754 


4,823 


1 


-54 


4,878 


Mar. 


4,444 


9,508 


5,044 


250 


4,794 


4,072 




746 


4,818 


3 


106 


4,714 


Apr. 


4,502 


9,568 


5,051 


282 


4,769 


4,141 




748 


4,889 


3 


93 


4,799 


May 


4,535f 


9,659f 


5,064 


264 


4,800 


4,148 




745 


4,892 


26 


59 


4,859 


Junef 


4,584 




9,813 


5,204 


242 


4,961 


4,134 




755 


4,890 


2 


40 


4,852 


July 






3. TOTAL OF CERTAIN LIQUID ASSETS HELD BY THE GENERAL PUBLIC, 








AND RELATED FACTORS 


UTION J 2 


Liquid Assets 


Total 
Liquid 


Related Factors 

15 t 




















Bank 

Assets 

other than 

Govt, of 

Canada 

Securities 






Govern- 
ment 
Accounts 


General 
Public 




Currency 

and 

Active 

Bank 

Deposits 


Inactive 
Char- 
tered 
Bank 
Notice 

Deposits 




Govt, of Canada 
Securities 


Assets 

Total 
Related 
Factors 


Govt, of 
Can. Debt 
less Govt, 
deposits & 
loldings of 
Govt. Accts 




Market 

Issues 

13 


Non- 
market 

10 


Total 


























as at Dec. 31 


1,009 


9,388 




4,843 


3,894 


8,194 


1,194 


9,388 


18,125 


3,974 


14,151 


1951 


1,101 


9,062 




5,173 


4,129 


7,812 


1,250 


9,062 


18,364 


4,356 


14,008 


1952 


1,314 


9,283 




5,134 


4,211 


7,651 


1,632 


9,283 


18,628 


4,840 


13,788 


1953 


1,090 


8,995 




5,228 


4,276 


7,805 


1,190 


8,995 


18,499 


4,459 


14,040 


Apr.-1953 


1,183" 


8,845 




5,136 


4,268 


7,682 


1,163 


8,845 


18,249 


4,447 


13,802 


May 


1,207 


8,791 




5,214 


4,291 


7,648 


1,143 


8,791 


18,296 


4,539 


13,757 


June 


1,220 


8,802 




5,155 


4,313 


7,676 


1,126 


8,802 


18,270 


4,508 


13,762 


July 


1,236 


8,799 




5,157 


4,355 


7,690 


1,109 


8,799 


18,311 


4,637 


13,674 


Aug. 


1,251 


8,770 




5,236 


4,371 


7,679 


1,091 


8,770 


18,377 


4,649 


13,729 


Sept. 


, 1,262 


8,896 




5,197 


4,304 


7,729 


1,167 


8,896 


18,397 


4,730 


13,067 


Oct. 


1,271 


9,356 




5,024 


4,239 


7,724 


1,632 


9,356 


18,619 


4,834 


13,785 


Nov. 


1,314 


9,283 




5,134 


4,211 


7,651 


1,632 


9,283 


18,628 


4,840 


13,789 


Dec. 


1,304 


9,233 




5,034 


4,261 


7,628 


1,605 


9,233 


18,528 


4,769 


13,759 


Jan.-1954 


) 1,261 


9,339 




4,953 


4,317 


7,754 


1,585 


9,339 


18,609 


4,862 


13,747 


Feb. 


1,151 


9,166 




5,098 


4,387 


7,604 


1,562 


9,166 


18,651 


4,878 


13,773 


Mar. 


1,139 


9,068 




5,064 


4,444 


7,529 


1,539 


9,068 


18,576 


4,714 


13,862 


Apr. 


1,137 


9,034 




5,066 


4,502 


7,517 


1,517 


9,034 


18,602 


4,799 


13,803 


May 


1,142 


9,021 




5,124f 


4,535f 


7,527 


1,494 


9,021 


18,680f 


4,859 


13,820 


Junef 


1,147 


8,966 




5,228 


4,584 


7,491 


1,475 


8,906 


18,779 


4,852 


13,928 


July 


7. Net of all related asset and liability items of the chartered banks and Bank 12 
of Canada which are not shown elsewhere in this table; includes foreign 
currency items and shareholders equity. 13. 


For detailed breakdown of distribution of Government of Canada debt as 
at year-ends see November 1953 Statistical Summary, pages 187-188. 
Including any special banking issues held by the general public. 
As shown in "Other Related Bank Assets". Section 1 above. 


8. Net of sinking fund holdings (except as noted in footnote 16) 


is. 


The whole of the increase or decrease in Canada's foreign exchange 


9. Treasury Bills; Deposit Certificates and short-term notes issued directly 
to the Bank of Canada and chartered banks. 


reserves is embodied in the related factors. To the extent that such 
changes do not appear in Section 1, "Related Bank Assets", under the 


10. Refundable Tax, War Savings Certificates and Canada Savings Bonds. 


affect changes in Government of Canada Securities outstanding. 


11. Adjustment necessary to change value of foreign pay securities from £1 = 16. 


Including 75 of bonds purchased in the New York market during May 1953 
which are held in a sinking fund account. 


exchange have been used to September 30, 1950 and market rates thereafter. 


1 


Revised 


. See tootnote T on page 143. 







149 



AUGUST 1954 



AUGUST 1954 



GENERAL PUBLIC HOLDINGS OF CERTAIN LIQUID ASSETS 1 
B — Approximate Division Between Non-Resident, Reside nt Corporate 2 and Resident Non-Corporate 3 Holdings 



ISO 



Millions of Dollars 


















































Total 


Currency and Active Bank Deposits 


Inactive Chartered Bank Notice Deposits 


Government of Canada Securities 


Total 






Non- 
resident 


Resident 


Total 


Non- 
resident 


Resident 


Total 


Non- 
resident 


Resident 


Total 


Non- 
resident 


Resident 


Total 






Corporate 


Non- 
corporate 


Total 


Corporate 


Non- 
corporate 


Total 


Corporate 


Non-corporate 


Total 


Corporate 


Non- 
corporate 


Total 






Market 
Issues 


Non- 
market 


Total 


Market 
Issues 


Non- 
market 


Total 




as at Dec. 31 
1945 
1946 
1947 


149 
249 
221 


1,257 
1,415 
1,346 


2,108 
2,332 
2,377 


3,365 
3,747 
3,723 


3,514 
3,996 
3,944 


136 
147 

141 


211 
269 
267 


2,044 
2,440 
2,735 


2,255 
2,709 
3,002 


2,391 
2,856 
3,143 


1,144 
1,091 
1,053 


3,863 
3,865 
3,576 


184 

252 

: 258 


4,047 
4,117 
3,834 


5,611 
5,017 
4,694 


508 

985 

1,182 


6,119 
6,002 
5,876 


10,166 
10,119 
9,710 


11,310 
11,210 
10,763 


1,429 
1,487 
1,415 


5,515 
5,801 
5,447 


10,271 
10,774 
10,988 


15,786 
16,575 
16,435 


17,215 
18,062 
17,850 


as at Dec. 31 
1945 
1946 
1947 


1948 
1949 
1950 


221 
255 
421 


1,582 
1,608 
1,797 


2,532 
2,559 
2,633 


4,114 
4,167 
4,430 


4,335 
4,422 
4,851 


124 
123 
147 


288 
331 
361 


2,996 
3,297 
3,353 


3,284 
3,628 
3,714 


3,408 
3,751 
3,861 


1,158 
1,240 
1,366 


3,307 
3,233 
3,300 


'' 234 

170 

» 114 


3,541 
3,403 
3,414 


4,374 
4,201 
4,182 


1,176 
1,058 
1,104 


5,550 
5,259 
5.286 


9,091 
8,662 
8,700 


10,249 
9,902 
10,066 


1,503 
1,618 
1,934 


5,411 
5,342 
5,572 


11,078 
11,115 
11,272 


16,489 
16,457 
16,844 


17,992 
18,075 
18,778 


1948 
1949 
1950 


1951 

1952" 

1953** 


235 
196 
197 


1,877 
2,004 
1,920 


2,731 
2,973 
3,017 


4,608 
4,977 
4,937 


4,843 
5,173 
5,134 


141 
112 
111 


296 
309 
262 


3,457 
3,708 
3,838 


3,753 
4,017 
4,100 


3,894 
4,129 
4,211 


1,168 
955f 
835+ 


3,133 
2,881 

* 


24 


3,157 
2,881 

* 


3,894 

3,976f 

• 


1,169 
1,250 
1,632 


5,063 
5,226f 


8,220 

8,107t 

8,448+ 


9,388 
9,062 
9,283 


1,544 

l,263t 

1,143+ 


5,330 
5,194 

* 


11,251 

ll,907t 

* 


16,581 
17,101f 
17, 485 1 


18,125 
18,364 
18,628 


1951 

1952" 

1953" 


Month-end 

1952— Mar. 

June 

Sept. 

Dec." 


233 
235 
254 
196 


* 

* 

* 

2,004 


* 
* 
• 

2,973 


4,568 
4,635 
4,761 
4,977 


4,801 
4,870 
5,015 
5,173 


143 
134 
119 
112 


* 

* 

* 

309 


* 

* 

* 

3,708 


3,835 
3,885 
3,995 
4,017 


3,978 
4,019 
4,114 
4,129 


l,123f 
l,077t 
1,019+ 

955t 


* 
2,881 


19 


* 

* 

* 

2,881 


* 

• 

* 

3,976t 


1,121 
1,061 
1,011 
1,250 


• 
• 
* 

5,226j 


8,097f 
8,013f 
7,929t 
8,107t 


9,220 
9,090 
8,948 
9,062 


l,499f 
l,446f 
l,392f 
l,263f 


* 
• 

5,194 


* 
ll,907f 


16,500f 
16, 533 1 
16 .685 1 
17,101+ 


17,999 
17,979 
18,077 
18,364 


Month-end 
Mar— 1952 
June 
Sept. 
Dec." 


1953— Mar. 
June 
Sept. 
Dec." 


241 
263 
218 
197 


* 

* 

* 

1,920 


* 

* 

• 

3,017 


4,800 
4,951 
5,018 
4,937 


. 5,041 
5,214 
5,236 
5,134 


113 
113 
104 
111 


* 

* 

* 

262 


* 

* 

* 

3,838 


4,129 
4,178 
4,267 
4,100 


4,242 
4,291 
4,371 
4,211 


956f 
841f 
829 1 
835f 


* 
* 
* 
* 


- 


* 

• 
* 


* 
• 
• 
* 


1,206 
1,143 
1,091 
1,632 


* 
* 


8,066t 
7,950+ 
7,941t 
8,448f 


9,022 
8,791 
8,770 
9,283 


l,310f 
1,217+ 
1,151+ 
1,143+ 


* 
* 


* 

* 
* 


16,995f 
17, 079 1 
17, 226 f 
17,485f 


18,305 
18,296 
18,377 
18,628 


Mar.— 1953 
June 
Sept. 
Dec.'* 


1954— Mar. 
June 


196 
211 


* 
* 


* 
* 


4,902 
4,913 


5,098 
5,124 


98 
115 


* 
* 


* 


4,289 
4,420 


4,387 
4,535 


819t 
814 


* 
* 


- 


* 


* 
* 


1,562 
1,494 


• 


8,347f 
8,207 


9,166 
9,021 


1.11B* 

1,140 


* 
* 


* 
* 


17,538f 
17,540 


18,651 
18,680 


Mar— 1954 
June 



1. Sec footnotes to table on pages 147-148. 

2. Resident corporate includes provincial and municipal governments and all 
resident financial and non-financial corporations other than chartered 
banks. Bank of Canada and Government accounts. See item 4 (b) in 



table on pages 187-188 in November 1953 Statistical Summary for a 
detailed list of these components. 

Resident non-corporate corresponds in concept to the personal sector of 
the National Accounts, i.e. it includes individuals, farmers, unincorporated 



business, private pension funds and el ee, nosy nary institutions. In the 
case of Government of Canada market issues held by this sector, holdings 
are estimated on a residual basis (see table en pages 187-188 in November 
19S3 Statistical Summary) and include all residual errors. 



t Revised. 



** Preliminary. 



" Not available. 



GOVERNMENT BOND YIELDS AND TREASURY BILL RATES 

Bank of Canada 



PRICE INDEXES 

"Prices and Price Indexes", Dominion Bureau of Statistics 





Government of Canada 






Theoreticals • 






15th of Each Month 




15 Yr. 


9Yr. 


5Yr. 


2Yr. 




Bond 


Bond 


Bond 


Bond 


Annual Avenge 










1952 


3.59 


3.58 


3.22 


2.69 


1953 


3.68 


3.67 


3.56 


3.26 


Monthly 










1953— Jan. 


3.63 


3.66 


3.50 


3.07 


Feb. 


3.65 


3.62 


3.44 


3.08 


Mar. 


3.65 


3.56 


3.43 


3.11 


Apr. 


3.66 


3.56 


3.43 


3.14 


May 


3.69 


3.62 


3.48 


3.21 


June 


3.72 


3.72 


3.54 


3.28 


July 


3.72 


3.71 


3.57 


3.28 


Aug. 


3.73 


3.72 


3.64 


3.36 


Sept. 


3.75 


3.77 


3.65 


3.41 


Oct. 


3.72 


3.75 


3.66 


3.48 


Nov. 


3.67 


3.74 


3.71 


3.44 


Dec. 


3.61 


3.64 


3.61 


3.20 


1954— Jan. 


3.55 


3.57 


3.55 


3.03 


Feb. 


3.44 


3.32 


3.31 


2.70 


Mar. 


3.27 


3.22 


3.16 


2.47 


Apr. 


3.10 


2.99 


2.92 


2.22 


May 


3.06 


2.87 


2.72 


2.22 


June 


3.11 


2.94 


2.77 


2.28 


July 


3.02 


2.84 


2.60 


2.00 


Aug. 


3.00 


2.83 


2.58 


2.00 



Long Term 


Market Yields 


Average of Business Days 


Canada 


U.K. 


U.S.A. 


2 


3 


4 


3.54 


4.23 


2.64 


3.66 


3.86 


2.88 


3.59 


4.16 


2.74 


3.60 


4.09 


2.77 


3.60 


3.97 


2.85 


3.62 


3.87 


2.90 


3.64 


3.83 


3.05 


3.70 


3.85 


3.11 


3.72 


3.89 


2.98 


3.73 


3.83 


2.96 


3.73 


3.74 


2.93 


3.70 


3.68 


2.75 


3.66 


3.68 


2.77 


3.61 


3.70 


2.71 


3.53 


3.63 


2.61 


3.43 


3.62 


2.53 


3.22 


3.59 


2.43 


3.04 


3.54 


2.37 


3.01 


3.49 


2.44 


2.99 


3.41 


2.45 


2.88 


3.36 


2.35 


2.85 


3.27 


2.37 



1' F, a c a S e ta Cat ^. a „° nly - 2 " G ° vernm ent of Canada 3% due 1 Sept.. 1961-66. 3. United Kingdom 3% due IS Apr., 1959-69. 
4. U.S. Treasury 2fc% due IS Dec. 1963-68. It.was not eligible for commercial banks before Dec. 1. 1952. 



Tender Rates on 3 Month 


Treasury Bills 


Tender nearest 15th of Month 


Canada 


U.K. 


U.S.A. 


1.076 


2.167 


1.795 


1.688 


2.284 


2.006 


1.349 


2.398 


2.124 


1.473 


2.432 


1.993 


1.503 


2.232 


2.098 


1.528 


2.415 


2.219 


1.530 


2.383 


2.271 


1.699 


2.368 


2.229 


1.759 


2.365 


2.106 


1.795 


2.368 


2.116 


1.911 


2.150 


1.957 


1.929 


2.098 


1.438 


1.904 


2.097 


1.482 


1.877 


2.103 


1.682 


1.883 


2.132 


1.336 


1.741 


2.067 


1.024 


1.612 


2.111 


1.056 


1.56 


2.081 


1.066 


1.59 


1.707 


.813 


1.60 


1.582 


.633 


1.39 


1.559 


.701 


1.33 


1.594 


.898 



WHOLESALE PRICES 

Index 1935-39=100 



CONSUMER PRICES 2 

Index 1949-100 





Total 
Index 

(Mid- 
Month) 


Raw and 
Partly 

Manu- 


Fully & 
Chiefly 
Manu- 
factured 


FARM PRODUCTS ' 


Total 
Index 

(1st of 
Month) 


Food 


Shelter 


Clothing 


Household 
Operation 


Other 
Com- 
modities 
& Services 




Field 


Animal 


Total 






























100 


32 


15 


11 


17 


25 


Average of Months 
1950 


211.2 


212.8 


211.0 


191.9 


281.4 


236.7 


102.9 


102.6 


106.2 


99.7 


102.4 


103.1 


1951 


240.2 


237.9 


242.4 


200.4 


336.9 


268.6 


113.7 


117.0 


114.4 


109.8 


113.1 


111.5 


1952 


226.0 


218.7 


230.7 


223.0 


277.5 


250.2 


116.5 


116.8 


120.2 


111.8 


116.2 


116.0 


1953 


220.7 


207.0 


228.8 


175.1 


263.8 


219.5 


115.5 


112.6 


123.6 


110.1 


117.0 


115.8 


Monthly 

1953— Jan. 

Feb. 


221.5 


209.3 


228.7 


201.6 


266.4 


234.0 


115.7 


113.5 


122.3 


109.7 


116.5 


116.7 


221.1 


208.0 


228.8 


196.6 


263.1 


229.9 


115.5 


112.7 


122.5 


109.6 


116.6 


116.7 




221.9 


209.9 


229.2 


191.9 


264.3 


228.1 


114.8 


111.6 


122.5 


109.7 


116.7 


115.2 


Apr. 
May 
June 
July 
Aug. 
Sept. 
Oct 


219.5 


205.6 


227.8 


187.6 


255.8 


221.7 


114.6 


110.9 


122.7 


109.7 


116.9 


115.0 


220.0 


206.4 


228.2 


185.2 


263.2 


224.2 


114.4 


110.1 


122.9 


110.1 


116.6 


115.1 


221.5 


207.2 


230.2 


184.5 


268.7 


226.6 


114.9 


111.4 


123.6 


110.1 


116.6 


115.1 


221.0 


207.2 


229.3 


187.7 


265.3 


226.5 


115.4 


112.7 


123.9 


110.3 


117.0 


115.2 


222.2 


210.1 


229.7 


157.2 


269.9 


213.6 


115.7 


112.8 


124.1 


110.4 


117.2 


115.8 


221.2 


207.1 


229.8 


154.0 


263.7 


208.9 


116.2 


114.0 


124.2 


110.4 


117.4 


115.9 


220.4 


205.0 


228.8 


151.7 


265.3 


208.5 


116.7 


115.5 


124.5 


110.3 


117.5 


116.0 




218.7 


203.3 


228.0 


151.7 


258.0 


204.9 


116.2 


113.4 


125.0 


110.3 


117.4 


116.3 


Dec. 


219.0 


204.4 


227.6 


151.9 


261.6 


206.8 


115.8 


112.1 


125.2 


110.2 


117.4 


116.3 


1954— Jan. 
Feb 


219.8 


206.5 


227.8 


152.5 


266.3 


209.4 


115.7 


111.6 


125.4 


110.1 


117.5 


116.4 


219.0 


205.1 


227.3 


152.9 


264.7 


208.8 


115.7 


111.7 


125.4 


110.0 


117.5 


116.5 




218.6 


204.3 


226.9 


151.3 


262.0 


206.7 


115.5 


110.7 


125.6 


109.8 


117.6 


116.6 


Apr. 
May 
June 
July 
Aug. 


217.9 


205.7 


225.1 


150.6 


260.4 


205.5 


115.6 


110.4 


125.6 


109.9 


118.1 


117.2 


218.2 


207.5 


224.5 


151.2 


268.0 


209.6 


115.5 


110.2 


125.8 


109.9 


117.3 


117.5 


217.8 


206.7 


224.5 


151.9 


267.3 


209.6 


116.1 


112.0 


126.4 


109.7 


117.1 


117.5 


217.4 


207.4 


223.6 


166.6 


262.1 


214.4 


116.2 


112.1 


126.6 


109.6 


117.2 


117.6 














117.0 


114.4 


127.0 


109.6 


117.2 


117.7 



1. An independent series with different weighting and different prices from 
those included in the "Total Index". Prices include subsidies. Prices used lor 
Western wheat, oats and barley are initial payments to farmers plus retro 
active revisions to include participation payments as these are announced. 



2 Components were selected and weighted on the basis of 1948 urban family 
incomes ranging from $1,650 to $4,050 with incomes between $2,000 and 
$3,000 most common. 



151 



AUGUST 1954 



Cents per Unit 



FOREIGN EXCHANGE RATES 1 

Bank of Canada 





U.S. Dollar in Canada 


£ Sterling in Canada 


Business 














Days 


High 


Low 


Average 
Noon Rate 


High 


Low 


Average 
Noon Rate 


1951 


107.31 


101.19 


105.28 


300.50 


281.38 


294.68 


1952 


101.13 


95.88 


97.89 


281.25 


266.75 


273.40 


1953 


99.78 


96.75 


98.34 


280.94 


272.38 


276.66 


1953-Feb. 


98.44 


97.00 


97.73 


277.50 


273.44 


275.55 


Mar. 


98.63 


97.75 


98.33 


277.63 


275.31 


276.92 


Apr. 


98.63 


98.00 


98.37 


277.94 


275.69 


277.13 


May 


99.78 


98.66 


99.41 


280.94 


278.06 


279.80 


June 


99.63 


99.16 


99.44 


280.38 


278.88 


279.82 


July 


99.44 


98.94 


99.18 


279.88 


278.56 


279.29 


Aug. 


99.00 


98.69 


98.83 


278.81 


277.50 


278.25 


Sept. 


98.88 


97.78 


98.43 


277.69 


274.00 


275.94 


Oct. 


98.66 


97.75 


98.25 


276.75 


273.88 


275.76 


Nov. 


98.03 


97.38 


97.77 


275.56 


273.88 


274.89 


Dec. 


97.63 


97.00 


97.31 


274.44 


272.63 


273.52 


1954-Jan. 


97.56 


97.03 


97.29 


274.38 


272.88 


273.56 


Feb. 


97.13 


96.34 


96.65 


273.13 


271.13 


271.93 


Mar. 


98.19 


96.47 


97.08 


276.44 


271.50 


273.29 


Apr. 


98.75 


97.66 


98.25 


278.31 


275.06 


276.93 


May 


98.59 


98.06 


98.43 


278.00 


276.44 


277.48 


June 


98.47 


97.78 


98.13 


277.56 


275.63 


276.61 


July 


97.91 


97.09 


97.44 


275.94 


273.69 


274.59 


Aug. 


97.28 


96.78 


97.02 


274.06 


271.88 


272.95 



OFFICIAL HOLDINGS OF 
GOLD AND U.S. DOLLARS 1 

mm. U.S. Dept. of Finance 



End 




U.S. 




of 
period 


Gold 


Dollars 


Total 


1951 


841.7 


936.9 


1,778.6 


1952 


885.0 


975.2 


1,860.2 


1953 


986.1 


832.4 


1,818.5 


1953-Feb. 


892.9 


944.2 


1,837.1 


Mar. 


905.8 


939.5 


1,845.3 


Apr. 


913.7 


930.0 


1,843.7 


May 


923.0 


838.2 


1,761.2 


June 


934.7 


815.4 


1,750.1 


July 


942.2 


813.5 


1,755.7 


Aug. 


951.0 


813.4 


1,764.4 


Sept. 


959.8 


827.5 


1,787.3 


Oct. 


968.3 


816.2 


1,784.5 


Nov. 


976.4 


830.3 


1,806.7 


Dec. 


986.1 


832.4 


1,818.5 


1954-Jan. 


997.5 


836.6 


1,834.1 


Feb. 


1,007.8 


845.7 


1,853.5 


Mar. 


1,015.7 


811.5 


1,827.2 


Apr. 


1,021.9 


788.6 


1,810.5 


May 


1,027.3 


794.9 


1,822.2 


June 


1,033.7 


829.6 


1,863.3 


July 


1,039.9 


852.9 


1,892.8 


Aug. 


1,046.4 


859.2 


1,905.6 



1. Rates are as reported on transactions between banks in the exchange market. 



Gold and U.S. dollars held by the Exchange Fund 
Account and Bank of Canada and U.S. dollars held by 
other Govt, of Canada Accounts. 



UNITED STATES DOLLAR IN CANADIAN FUNDS 



CANADIAN DOLLARS 



CANADIAN DOLLARS 




1950 



1951 



1952 



1954 



AUGUST 1954 



152 



Estimates in Thousands 



LABOUR FORCE STATUS OF THE POPULATION ' 

"The Labour Force" , Dominion Bureau of Statistics, Department of National Defence 







At work 


AT WORK LESS THAN 


With jobs but 








Total 








35 HOURS OR MORE 


35 HOURS 


NOT AT WORK 


Without 


Total 
Civilian 




Civilian 

NON- 






K 














jobs 


Not in 


INSTITU- 
TIONAL 




In Wee 








Usuallv work 






Armed 


Ending 


Agri- 
culture 


Non- 
Agri- 
culture 


Usually 

work 
less than 
35 hrs. 


35 hrs. 

Lay off 

and 
short 


or more 

Other 

reasons 


Lay-off 


Other 
reasons 


SEEKING 
WORK 


Labour 
Force 


Force 


Popula- 
tion 14 

YEARS OF 

AGE AND 

OVER 


Forces 












time 


2 


3 


4 


s 










1953— Jan. 


24 


687 


3,836 


198 


45 


78 


48 


121 


187 


5,200 


4,764 


9,964 


103 


Feb. 


21 


680 


3,838 


196 


41 


84 


52 


124 


179 


5,194 


4,786 


9,980 


104 


Mar. 


21 


719 


3,815 


195 


41 


89 


39 


122 


172 


5,192 


4,794 


9,986 


104 


Apr. 


18 


766 


3,879 


192 


30 


74 


27 


108 


165 


5,241 


4,761 


10,002 


105 


May 


16 


821 


3,899 


211 


32 


145 2 


11 


88 


114 


5,321 


4,685 


10,006 


105 


June 


20 


838 


4,050 


195 


28 


61 


10 


115 


90 


5,387 


4,633 


10,020 


105 


July 


18 


927 


3,880 


184 


28 


63 


13 


330 


90 


5,515 


4,522 


10,037 


105 


Aug. 


22 


908 


3,912 


168 


33 


72 


17 


305 


92 


5,507 


4,550 


10,057 


106 


Sept. 


19 


847 


4,049 


169 


35 


75 


13 


126 


84 


5,398 


4,682 


10,080 


106 


Oct. 


24 


776 


4,054 


182 


46 


58 


14 


110 


111 


5,351 


4,744 


10,095 


107 


Nov. 


21 


733 


3,981 


194 


60 


68 


27 


102 


151 


5,316 


4,791 


10,107 


107 


Dec. 


12 


702 


3,848 


186 


65 


1712 


26 


87 


190 


5,275 


4,840 


10,115 


107 


1954— Jan. 


23 


681 


3,784 


186 


65 


107 


24 


115 


280 


5,242 


4,887 


10,129 


110 


Feb. 


20 


700 


3,742 


194 


65 


95 


23 


99 


312 


5,230 


4,909 


10,139 


111 


Mar. 


20 


723 


3,736 


193 


71 


82 


21 


92 


318 


5,236 


4,912 


10,148 


113 


Apr. 


17 


752 


2,138 6 


203 


66 


1,686 6 


20 


89 


303 


5,257 


4,901 


10,158 


113 


Mav 


22 7 


838 


3,891 


223 


51 


77 


10 


85 


217 


5,392 


4,842 


10,234 7 


114 


June 


19 


846 


3,980 


209 


54 


82 


* 


99 


185 


5,462 


4,778 


10,240 


114 


July 


24 


947 


3,637 


189 


39 


79 


* 


484 


172 


5,556 


4,698 


10,254 


114 



Estimates based on a sample of about 30,000 households and therefore 
subject to sampling error which is relatively larger the smaller the estimate. 
Principal reasons are bad weather, illness, vacations and, at Christmas and 
Easter, observance of religious holidays. 

Includes only those who had definite instructions to return to their jobs 
within 30 days of date on which lay-off began. 

4. Principal reasons are illness and vacations. 

5. Includes persons who, though having jobs, did not work but sought work 
and those who would have sought work but were temporarily ill, on in- 



3. 



definite or prolonged lay-off, or believed no work was available. 

The unusually small number working 35 hours or more and the unusually 

large number working less than 35 hours was due to Good Friday being 

in the survey week. 

Commencing in May 1954, the coverage of the survey was increased 

to include representation for some of the remote areas not previously 

covered. The change was about 0.6 per cent for Canada as a whole in all 

characteristics. 

Less than 10,000. 



EMPLOYMENT AND LABOUR INCOME 



"Employment and Payrolls 


", "Man-Hours and Hourly Earnings" and "Estimates of Labour Income" 


, Dominion Bureau of Statistics 




EMPLOYMENT INDEXES 1, 2 


AVERAGE HOURS WORKED I. 3 


AVERAGE HOURLY 




















EARNINGS 1. 


1, 4 


























Monthly 




TRIAL 


Manu- 


Con- 


Mining 


Manu- 


Con- 


Mining 


Manu- 


Con- 




Labour 




Composite 


facturing 


struction 




facturing 


struction 




facturing 


struction 


Mining 


Income 

4.5 






Index li 


40 = 100 




Hours per week 


Cents 


Millions $ 


Monthly Average 
























1950 


101.5 


100.9 


102.4 


105.5 


42.3 


39.9 


43.0 


103.6 


105.6 


121.4 


693 


1951 


108.8 


108.0 


110.2 


110.6 


41.8 


40.3 


43.1 


116.8 


117.6 


133.4 


810 


1952 


111.6 


109.3 


122.5 


116.8 


41.5 


41.7 


42.7 


129.2 


130.8 


147.1 


901 


1953 


113.4 


113.3 


118.6 


111.7 


41.3 


41.6 


42.7 


135.8 


143.7 


153.8 


972 


First of Month 
























1953— Jan. 


113.0 


111.4 


111.3 


114.9 


38.3 


34.7 


40.6 


134.0 


137.5 


153.4 


934 


Feb. 


110.3 


111.9 


101.9 


114.4 


41.9 


41.6 


43.0 


134.2 


142.3 


153.3 


923 


Mar. 


110.0 


112.7 


93.7 


113.4 


42.1 


42.3 


42.1 


134.4 


144.4 


152.9 


924 


Apr. 


110.0 


112.9 


95.9 


111.9 


42.1 


41.5 


41.8 


134.9 


145.6 


152.6 


946 


May 


110.9 


113.1 


108.5 


111.9 


41.8 


41.0 


42.4 


135.5 


144.3 


153.7 


966 


June 


112.4 


113.4 


119.0 


112.1 


41.7 


42.3 


43.1 


135.9 


142.9 


153.1 


981 


July 


114.9 


114.7 


127.5 


113.7 


41.3 


42.4 


42.9 


136.2 


141.9 


153.0 


983 


Aug. 


115.6 


114.4 


135.4 


114.7 


41.0 


43.0 


42.8 


136.0 


142.5 


152.7 


994 


Sept. 


116.fi 


115.6 


139.6 


112.3 


41.0 


43.3 


43.0 


135.7 


143.0 


153.4 


1,014 


Oct. 


116.9 


115.2 


135.8 


108.8 


41.5 


43.4 


43.2 


136.6 


146.6 


154.8 


1,012 


Nov. 


115.9 


113.1 


131.5 


107.8 


41.4 


42.4 


43.0 


137.4 


146.5 


155.9 


996 


Dec. 


114.1 


110.9 


122.7 


105.1 


41.2 


41.6 


43.9 


138.4 


147.3 


157.3 


988 


1954— Jan. 


109.9 


108.0 


105.5 


103.6 


38.5 


35.1 


40.5 


140.4 


148.2 


158.3 


945 


Feb. 


107.0 


108.3 


91.7 


105.9 


40.7 


39.7 


42.6 


140.4 


151.5 


158.3 


950 


Mar. 


106.6 


108.3 


89.5 


108.5 


41.1 


41.6 


42.4 


140.6 


151.6 


157.5 


943 


Apr. 


105.6 


107.9 


89.2 


108.2 


40.9 


40.4 


41.6 


141.0 


152.8 


157.3 


954 


Mav 


106.2 


107.3 


98.2f 


106.7f 


40.6 


39.5 


42.1 


141.8 


151.3 


158.0 


975 


June 


109.0f 


107.7 


109.8 


108.5 


39.8f 


38.7 


42.7f 


142.2f 


148.6f 


157. Of 


1,000 


July* 


111.5 


108.7 






40.5 


40.9 


42.8 


141.7 


147.6 


156.0 





As reported by employers usually having 15 or more employees. Dated 
first of month and covering the last pay period in the previous month. 
Coverage, including salaried and part time workers, at June 1, 1954 was 
Industrial Composite 2,451,159; Manufacturing 1.121,524; Construction 
220,075; Mining 97,397. 
Include hourly rated wage earners only. 



4. Gross earnings before deductions for taxes, unemployment insurance, etc. 

5. Wages and salaries and includes bonuses and commissions, food, clothing, 
shelter and contributions to insurance, pensions, etc. provided by employer. 

* Preliminary, 
t Revised , 



153 



AUGUST 1954 



CANADIAN BALANCE OF INTERNATIONAL PAYMENTS: QUARTERLY 

"Quarterly Estimates of the Canadian Balance of International Payments" , Dominion Bureau of Statistics 
Millions of Dollars 



1952 



II 



III 



IV 



1953* 



II 



III 



IV 



1954* 



Current Receipts ! 

Merchandise exports (adjusted) 2 

Gold production available for export 

Travel expenditures 

Interest and dividends 

Freight and shipping 

Inheritances and immigrants' funds 

All other current receipts 

Total Current Receipts 

Current Payments i 

Merchandise imports (adjusted) 2 

Travel expenditures 

Interest and dividends 

Freight and shipping 

Inheritances and emigrants' funds 

Official contributions 

All other current payments 

Total Current Payments. . . . 

Balance on merchandise trade 

Balance on other transactions (excluding 

"Official contributions") 

Official contributions 

Current Account Balance 

Capital Account 3 
Direct Investment 

Direct investment in Canada * 

Direct investment abroad * 

Canadian Securities 

Trade in outstanding issues 

New issues 

Retirements 

Foreign Securities 

Trade in outstanding issues 

New issues 

Retirements 

Loans by Government of Canada 

Repayment of post-war loans 

Repayment of war loans 

Change in Canadian dollar holdings of 

foreigners 5 

Change in official holdings of gold and foreign 

exchange (minus sign denotes increase) . 
Other capital movements 6 

Net Capital Movement 



1,010 
41 
24 
17 
84 
17 
58 

1,251 

890 
63 
82 
65 
21 
11 
91 

1,223 



,124 
35 
53 
32 
98 
27 
67 



+ 120 

-81 
-11 

+28 



+71 
-9 



+88 
-12 

+6 
-19 



+2 

-4 

+24 
-175 

-28 



1,436 

985 
97 
88 
98 
24 

100 

1,392 



1,049 
37 
156 
23 
98 
22 
67 

1,452 

937 
110 

95 
105 

24 

106 
1,377 



1,156 
37 
42 
73 
103 
19 
89 

1,519 

1,038 

71 

148 

107 

25 

5 

108 

1,502 



918 
48 
26 
26 
71 
16 
69 

1,174 

1,002 
68 
86 
70 
21 
10 
101 

1,358 



1,113 
37 
57 
32 
92 
27 
73 

1,431 

1,161 

95 

102 

108 

22 

9 

125 

1,622 



1,077 
30 
172 
24 
86 
26 
95 

1,510 

1,052 

124 

81 

110 

25 

3 

128 

1,523 



1,044 
29 
47 
82 
88 
23 
84 

1,397 

994 
78 

141 

94 

23 

2 

116 

1,448 



867 
35 
24 
24 
68 
17 
63 

1,098 

922 
67 
90 
66 
22 
4 

106 

1,277 



+ 139 
-95 

+44 



+112 
-37 

+75 



+ 118 

-96 
-5 

+17 



-84 

-90 
-10 

-184 



-48 

-134 
-9 

-191 



+25 

-35 
-3 

-13 



+50 

-99 
-2 

-51 



-55 

-120 

-4 

-179 



+78 
-21 

-19 

+ 159 

-41 

+3 
-1 



+9 
+6 

+4 

-32 

-189 

-44 



+ 106 
-19 

-51 

+23 

-7 

+3 



+8 

+2 

-25 
-115 

-75 



+91 
-28 

-24 
+46 
-29 



+24 
+7 

-68 

-4 
-32 

-17 



+ 103 
-8 

+10 

+ 132 

-28 

+2 
-1 
+ 1 

+2 
+4 

+45 

+ 16 
-94 

+184 



+90 
-10 

-36 

+60 
-88 

+3 
-2 



+ 11 

+7 

+20 

+91 

+45 

+ 191 



+97 
-10 

-4 

+15 

-9 

+ 1 
-1 



+39 
-71 

-35 

-9 

+13 



+ 108 
-28 

-1 

+ 135 

-17 

+15 
-19 



+24 



-11 

-34 
-121 

+51 



+70 

(7) 

+16 

+ 169 

-18 

+4 
-2 



+2 
+7 

-15 

-4 
-50 

+179 



ir The current account balances in 2nd Qtr. of 1953 and 1954 with the United 
States were; —342 and —277; with the United Kingdom; +32 and +35: 
with all other countries; +119 and +64. 

1. Mutual Aid to NATO countries is not included in either current receipts 
or current payments. 

2. As used in the balance of payments, merchandise trade is adjusted to 
exclude such non-commercial items as settlers' effects, and tourist purchases 
which are covered elsewhere in the accounts. Since 1951, furthermore, 
payments for defence purchases by governments have been substituted for 
the actual physical movements of the commodities as reported in Customs 
trade statistics. 

3. A minus sign indicates an outflow of capital from Canada. 

4. Exclusive of undistributed profits. 

5. Excludes changes in holdings of International Monetary Fund and 
International Bank for Reconstruction and Development. 



6. This item includes mainly short-term capital movements in the form of 
changes in international open account commercial indebtedness, private 
and chartered bank holdings of exchange, and loans between private 
unrelated parties. It also includes the balancing item representing un- 
recorded capital movements and errors and omissions. Includes changes 
in holdings of International Monetary Fund and International Bank 
for Reconstruction and Development. 

7. Included with "Other capital movements ". 

8. Commencing in June 1954, the tabulation of import entries was altered 
from a customs month to a calender month basis. This had the effect of 
adding approximately two extra days to June and thereby increasing the 
months' imports by a substantial but indeterminate amount, thought to 
at least 40. 

* Subject to further revision. **Preliminary. 



AUGUST 1954 



154 



INTERNATIONAL SECURITIES TRANSACTIONS 1 : QUARTERLY 

DETAIL OF TRADE IN OUTSTANDING ISSUES 



Millions of Dollars Compiled from "Sales & Purchases of Securities between Canada Sf Other Countries," Dominion Bureau of Statistics 



Type of Security 


Sales To 


1952 


1953* 


1954** 


I 


II 


III 


IV 


I 


II 


III 


IV 


I 


II 


Canadian Securities: 

Bonds — Govt, of Canada direct & guaranteed ; 

Other bonds 


United States. . . . 
Other countries. . 
United States. . . . 
Other countries. . 
United States. . . . 
Other countries. . 


7 

4 

11 

2 

87 

12 

123 

1 
25 

1 
27 


12 
3 

14 
2 

87 

7 

125 

2 
15 

2 
19 


5 
1 
8 
2 

65 
9 

90 

3 
12 

1 
16 


3 
3 
15 
2 
52 
10 
85 

1 
17 

1 
19 


10 
4 

10 
2 

77 

13 
116 

4 
26 

2 
32 


5 
10 
6 
6 
58 
12 
97 

4 
25 

29 


4 

4 

4 

6 

38 

10 

66 

2 
15 

2 
19 


14 

17 

5 

6 

42 

16 

100 

14 

21 

2 

37 


14 
12 
10 
7 
61 
20 
124 

4 
25 

3 
32 


19 
17 
12 


Shares 


7 
71 


Total Canadian Securities 


22 
148 


Foreign Securities: 

Bonds 


United States .... 
United States. . . . 
Other countries. . 


4 


Shares 


38 


Bonds & shares 


2 


Total Foreign Securities 


45 











Purchases From 


I 


II 


III 


IV 


I 


II 


III 


IV 


I 


II 


Canadian Securities: 

Bonds — Govt, of Canada direct & guaranteed ; 

Other bonds 


United States. . . . 
Other countries. . 
United States. . . . 
Other countries. . 
United States .... 
Other countries. . 


39 

6 

4 

1 

63 

10 

123 

1 
19 

1 
21 


51 

3 

19 

61 

10 

144 

1 
14 

1 
16 


51 

30 

1 

53 

6 

141 

1 
12 

13 


41 

3 

11 

47 

7 

109 

2 
17 

19 


15 
2 

14 
1 

65 

9 

106 

4 
25 

1 
30 


53 
6 

14 
1 

51 

8 

133 

6 
19 

1 
26 


9 
4 
8 
1 

41 
7 

70 

2 
15 

1 
18 


20 

7 

9 

1 

52 

12 

101 

4 
16 

2 
22 


23 

13 

9 

2 

50 

11 

108 

3 
20 

5 
28 


31 

12 

8 


Shares 


4 
57 


Total Canadian Securities 


14 
126 


Foreign Securities: 

Bonds 

Shares 


United States. . . . 
United States. . . . 
Other countries. . 


2 
31 


Bonds & shares 

Total Foreign Securities 


2 
35 









1. Includes all portfolio security transactions between Canada and other countries based on delivery dates and transaction values. 
* Subject to further revision. 
** Preliminary. 



VOLUME OF INDUSTRIAL PRODUCTION 
INDEXES NOT SEASONALLY ADJUSTED 

"Canadian Statistical Review", Dominion Bureau of Statistics 



1935-39 = 100 





Total 


Mining 


Manufacturing 


Electricity 

and 

Manufactured 




Total 


Non- 


Durables 










Durables 




Gas 


Weighting 


100.0 


16.8 


75.6 


46.1 


29.5 


7.6 


Annual Average 














1949 


199.6 


131.7 


217.0 


198.2 


246.3 


176.1 


1950 


211.5 


145.4 


228.1 


208.3 


259.1 


190.9 


1951 


226.5 


161.8 


242.1 


214.0 


285.9 


214.2 


1952 


232.9 


174.7 


246.3 


215.2 


294.8 


228.8 


1953 


248.4 


185.8 


263.0 


224.1 


323.9 


241.9 


Monthly 














1953— Jan. 


232.1 


164.6 


245.6 


203.4 


311.6 


246.7 


Feb. 


242.0 


162.6 


258.3 


214.3 


327.0 


254.4 


Mar. 


246.8 


160.2 


265.6 


221.8 


334.1 


251.0 


Apr. 


254.6 


175.5 


270.9 


227.8 


338.4 


266.3 


May 


254.8 


180.4 


271.8 


230.3 


336.8 


250.0 


June 


257.5 


196.3 


273.3 


231.9 


338.1 


235.7 


July 


247.1 


206.5 


258.5 


219.5 


319.6 


223.4 


Aug. 


248.6 


201.1 


262.1 


230.5 


311.7 


218.4 


Sept. 


257.1 


212.2 


270.1 


235.1 


324.9 


226.7 


Oct. 


254.5 


200.0 


268.2 


232.5 


324.2 


237.7 


Nov. 


250.6 


194.1 


263.8 


230.7 


315.5 


244.4 


Dec. 


235.5 


176.0 


247.4 


210.8 


304.6 


248.0 


1954— Jan. 


229.1* 


171.6 


240.1* 


202.0* 


299.7 


246.0 


Feb. 


239.3* 


181.8 


250.9* 


212.9* 


310.4 


250.6 


Mar. 


236.5* 


171.1 


249.6* 


214.1* 


305.lt 


250.6 


Apr. 


242.2* 


182. 9f 


253.3* 


218.6* 


307.5* 


262 .6f 


May 


245.5* 


202.5| 


253.8* 


224.8* 


299.1* 


257.3 


June 


251.3* 


219.1* 


258.1* 


232.3* 


298.6* 


254.2 



t Revised. * Preliminary. 



'#/l 



155 



AUGUST 1954 



CONSUMER EXPENDITURE ON GOODS 

Dominion Bureau of Statistics 

QUARTERLY ESTIMATES 

NON- DURABLE DURABLE 

MILLIONS OF DOLLARS MILLION S OF DOL LARS MILLIONS Or DOLLARS MILLIONS Or DOLLARS 

2750| 1 12750 6001 — 



2500 



2250 



2000 



1750 




2500 



2250 



2000 



. I . . I 1750 

DEC. 




JAN. 



DEC. 



TOTAL MONTHLY SALES OF SELECTED RETAIL OUTLETS* 



FOOD STORES* AND RESTAURANTS 

MILLIONS OF DOLLARS MILLIONS OF DOLLARS 

275 1 1 1 275 




NEW AUTOMOBILES 

MILLIONS OF DOLLARS MILLIONS OF DOLLARS 

1251 1 1 125 



100 



75 



50 



25 



y *^953 

/ N 

1* A \ 




/#I954 ^V % 

ll / ^ 

It // \ 


\ 

\ 
. \ 


* 1 // 
* 1 // 

It// 
1 1 // 
* I // 
f M / 




i i 1 i i 


, , 1 . ■ 



100 



75 



50 



25 



JAN 



DEC. 



CLOTHING STORES* 

MILLIONS OF DOLLARS MILLIONS OF DOLLARS 
1601 1 I~l 160 



135 



no 



85 



60 









If 

I952«===J 
W 


1 ite^s 53 

1 ff 1 


Is 


Mi\9bA 

I 


, , 1 , , 



FURNITURE AND APPLIANCE STORES* 

MILLIONS OF DOLLARS MILLIONS O F DOLL ARS 

iooi 1 1 100 



135 



110 



85 



60 



75 



50 



25 







L 1 954^^ 


^^195; 


> 


*<p^ 


, - --- 




^f^^bZ 




i i 1 i i 


, , 1 , , 



75 



50 



25 



it While these sales are good indicators of trends they differ somewhat in amount from the actual consumer expenditure on the items selected. 
* Includes department store sales in these categories. 



AUGUST 1954 



156 



Thousands of Tons 



NEWSPRINT : NORTH AMERICA 

"Monthly Newsprint Report" , Newsprint Association of Canada 





SU PPLY 


ESTIMATED CONSUMPTION 


STOCKS 




Production 


Imports 

from 
Europe 


Less: 
Exports 
Overseas 


Total 
Supply 


U.S. 
Publishers 


Canadian 
Publishers 


Total 






Canada 


U.S.A. 


Total 


Net 
Change 


Calendar Years 






















1949 


5,176 


900 


6,076 


255 


463 


5,868 


5,529 


335 


5,865 


+3 


1950 


5,279 


1,015 


6,293 


171 


223 


6,241 


5,937 


355 


6,292 


-50 


1951 


5,516 


1,125 


6,641 


206 


378 


6,469 


5,975 


360 


6,335 


+ 135 


1952 


5,687 


1,147 


6,834 


183 


530 


6,487 


5,988 


369 


6,357 


+ 130 


1953 


5,721 


1,084 


6,805 


164 


503 


6,466 


6,143 


398 


6,541 


-75 


12-mths. ending 






















July 1954 


5,851 


1,118 


6,969 


136* 


610 


6,494* 


6,130 


407 


6,538 


-44* 


Monthly 






















1953— Jan. 


473.6 


93.8 


567.4 


13.3 


26.6 


554.1 


462.9 


31.9 


494.7 


+59.4 


Feb. 


439.2 


82.9 


522.1 


18.5 


22.4 


518.2 


455.3 


30.7 


486.0 


+32.1 


Mar. 


484.3 


91.9 


576.2 


11.7 


24.9 


563.1 


553.9 


35.0 


588.9 


-25.8 


Apr. 


480.3 


88.2 


568.5 


18.6 


36.5 


550.6 


538.0 


32.0 


570.0 


-19.4 


May 


480.2 


92.4 


572.6 


14.4 


41.3 


545.7 


565.2 


33.8 


599.0 


-53.4 


June 


463.2 


90.7 


553.9 


13.3 


48.5 


518.7 


501.6 


33.6 


535.2 


-16.4 


July 


491.3 


88.1 


579.4 


12.8 


54.0 


538.1 


447.4 


32.4 


479.8 


+58.3 


Aug. 


484.5 


90.8 


575.3 


11.4 


52.8 


533.9 


472.5 


31.1 


503.7 


+30.3 


Sept. 


467.4 


86.0 


553.4 


10.1 


51.3 


512.2 


507.1 


32.4 


539.5 


-27.3 


Oct. 


510.8 


97.1 


607.9 


16.1 


55.9 


568.0 


565.1 


36.5 


601.6 


-33.6 


Nov. 


473.2 


92.4 


565.6 


11.8 


48.4 


528.9 


563.0 


33.8 


596.8 


-67.9 


Dec. 


473.3 


89.7 


563.0 


12.2 


40.7 


534.5 


510.8 


35.1 


545.9 


-11.4 


1954— Jan. 


476.2 


96.3 


572.4 


7.8f 


34.1 


546.lt 


477.7 


32.8 


510.6 


+35.5f 


Feb. 


457.9 


88.2 


546.1 


9.8 


33.1 


522.8 


454.8 


30.3 


485.1 


+37.7 


Mar. 


515.5 


98.1 


613.6 


15.9 


36.8 


592.7 


526.7 


35.0 


561.7 


+31.0 


Apr. 


500.2 


89.8 


590.0 


13.5 


51.2 


552.4 


545.9 


33.8 


579.7 


-27.3 


May 


497.2 


96.7 


593.9 


9.4 


62.1 


541.3 


555.5 


36.2 


591.7 


-50.4 


June 


490.7 


96.6 


587.3 


9.9* 


74.8 


522.4* 


505.8 


36.8 


542.7 


-20.3* 


July 


504.0 


96.3 


600.3 


7.8* 


69.0 


539.1* 


445.4 


33.6 


479.0 


+60.1* 



t Revised. 



* Preliminary. 



U.S.A. ECONOMIC STATISTICS 

U.S. Department of Commerce 



U.S. Dept. of Labor 



Federal 
Reserve 









Govt. 
















Average 






Gross 
National 
Product 


Change in 

Business 

Inventories 


Expend- 
iture on 
National 
Security 
1 


Savings 

as a 

Percentage 

of 

Disposable 

Income 


Total 
Personal 
Income 


Con- 
struction 

3 


Unem- 
ployment 


Retail 
Sales 

4 


Consumer 
Price 
Index 


Wholesale 

Prices: 
All Com- 
modities 


Hourly 
Earnings 
in Manu- 
facturing 
5 


Total 
Industrial 
Production 

4 




Billions of Dollars 2 


Billions of $ 2 


Billions of S 


Millions 


Billionsof S 


1947-4 


9 = 100 


Dollars 


1947-49 = 100 


Annual Averages « 


























1950 


285.1 


7.4 


18.5 


5.9 


227.1 


28.8 


3.1 


143.7 


102.8 


103.1 


1.47 


112 


1951 


328.2 


10.4 


37.3 


7.8 


255.3 


30.9 


1.9 


158.2 


111.0 


114.8 


1.59 


120 


1952 


346.1 


3.6 


48.5 


7.8 


271.2 


32.6 


1.7 


164.1 


113.5 


111.6 


1.67 


124 


1953 


364.9 


1.5 


52.0 


8.0 


286.1 


34.8 


1.5 


170.8 


114.4 


110.1 


1.76 


134 


Monthly 


























1953— Jan. 


"1 






( 


* 


2.4 


1.9 


14.1 


113.9 


109.9 


1.74 


134 


Feb. 


[361.8 


2.8 


51.0 


7.7 


* 


2.3 


1.8 


14.5 


113.4 


109.6 


1.74 


134 


Mar. 


J 






1 


* 


2.5 


1.7 


14.4 


113.6 


110.0 


1.75 


135 


Apr. 


] 






( 


* 


2.7 


1.6 


14.3 


113.7 


109.4 


1.75 


136 


May 


[ 369.9 


5.4 


54.3 


7.8 


286.3 


2.9 


1.3 


14.4 


114.0 


109.8 


1.76 


137 


June 


J 






1 


287.3 


3.2 


1.6 


14.4 


114.5 


109.5 


1.77 


136 


July 


■ 






r 


288.2 


3.3 


1.5 


14.5 


114.7 


110.9 


1.77 


137 


Aug. 


•367.2 


2.0 


52.3 


8.0 • 


286.4 


3.3 


1.2 


14.1 


115.0 


110.6 


1.77 


136 


Sept. 










287.7 


3.3 


1.2 


14.0 


115.2 


111.0 


1.79 


133 


Oct. 










287.8 


3.2 


1.2 


14.0 


115.4 


110.2 


1.79 


132 


Nov. 


■360.5 


-4.2 


50.6 


8.6 • 


287.2 


3.0 


1.4 


14.1 


115.0 


109.8 


1.79 


129 


Dec. 


. 








287.0 


2.7 


1.9 

7 

3.1 


13.9 


114.9 


110.1 


1.80 


126 


1954— Jan. 


1 






8.6 < 


284.9 


2.4 


13.7 


115.2 


110.9 


1.80 


125 


Feb. 


\ 355.8 


-4.2 


46.9 


285.0 


2.3 


3.7 


13.9 


115.0 


110.5 


1.80 


125 


Mar. 


J 






285.0 


2.5 


3.7 


13.8 


114.8 


110.5 


1.79 


123 


Apr. 










284.4 


2.8 


3.5 


14.3 


114.6 


111.0 


1.80 


123 


May 


1 






i 


286.2 


3.1 


3.5f 


14.3 


115.0 


110.9 


1.81 


124 


June** 


356.0 


-3.8 


44.7 


,s| 


286.5| 


3.3 


3.3 


14.5 


115.1 


110.0 


18.1 


124 


July** 


J 






286.5 


3.5 


3.3 


14.3 


115.2 


110.4 


18.0 


124 



1. Includes stockpiling, atomic energy, and Mutual Defence Assistance in 
addition to strictly military programmes. 

2. Seasonally adjusted annual rates. 

3. Value of new work put in place. 

4. Seasonally adjusted. 

5. Production workers. 



6. Quarterly averages for first four columns. Calendar year totals in the case 
of "Construction" and "Retail Sales". 

7. New sample covering 230 areas as against 68 in the old series begins with 
1954. 

* Not available. 
** Preliminary, 
t Revised. 



157 



AUGUST 1954 



DOMESTIC 

Millions of Dollars 



EXPORTS : COMMODITY CLASSIFICATION BY DESTINATION l 

Compiled from "Trade of Canada", Dominion Bureau of Statistics 



Destination and Period 


Wheat & 
Flour 


Other 
Farm 


Fish & 
Fish Prod. 


Newsprint 


Woodpulp 


Other 
Forest 


Metals & 
Minerals 


Chemicals 
& Fert. 


Manuf. & 
Misc. 


Total 




First Half 






















United States 


1952 


32 


92 


42 


256 


123 


142 


234 


37 


156 


1,114 




1953 


14 


105 


39 


276 


100 


151 


293 


44 


166 


1,188 




1954 


9 


108 


42 


276 


101 


133 


245 


43 


164 


1,121 




First Half 






















United Kingdom 


1952 


115 


35 


- 


7 


25 


65 


139 


4 


8 


398 




1953 


119 


23 


4 


8 


11 


31 


104 


3 


11 


314 




1954 


63 


24 


5 


12 


16 


37 


114 


7 


10 


288 




First Half 






















Dependent 


1952 


10 


6 


3 


1 


- 


4 


2 


1 


12 


39 


Sterling Area 


1953 


9 


5 


3 


- 


- 


3 


- 


- 


8 


28 




1854 


12 


5 


3 


1 


- 


3 


1 


1 


6 


32 




First Half 






















Independent 


1952 


37 


3 


- 


8 


2 


15 


14 


2 


41 


122 


Sterling Area 2 


1953 


51 


2 


- 


5 


- 


9 


6 


1 


27 


101 




1954 


11 


3 


- 


6 


1 


10 


6 


2 


26 


65 




First Half 






















Western Europe 


1952 


61 


27 


4 


1 


12 


3 


46 


10 


24 


188 


& Colonies 3 


1953 


65 


29 


3 


- 


3 




31 


12 


26 


170 




1954 


50 


17 


3 


1 


5 




33 


15 


21 


148 




First Half 






















Central and 


1952 


24 


7 


7 


10 


5 




19 


2 


77 


152 


South America 


1953 


27 


8 


5 


7 


- 




11 


2 


44 


104 




1954 


30 


9 


6 


8 


3 




11 


2 


28 


98 




First Half 






















All Other 


1952 


42 


8 


- 


2 


4 




4 


4 


17 


82 


Countries 


1953 


39 


18 


2 


1 


5 




9 


3 


11 


89 




1954 


39 


20 


2 


2 


7 




8 


3 


11 


92 




First Half 






















Total Exports 


1952 


321 


178 


56 


285 


171 


231 


458 


60 


335 


2,095 




1953 


324 


190 


56 


297 


119 


196 


454 


65 


293 


1,994 




1954 


214 


186 


61 


306 


133 


187 


418 


73 


266 


1,844 



1. Excludes exports of foreign produce. 2. Consists of Union of South Africa, Eire, India, Pakistan, Burma, Australia, New Zealand, Iceland, Ceylon, 

Iraq, Jordan and Libya. 3. Excludes Spain, but includes Greece and Turkey. 

VALUE OF SELECTED CANADIAN EXPORTS 




MILLIONS OF DOLLARS 



AUGUST 1954 



158 



Millions of Dollars 



EXTERNAL TRADE AND TRADE INDEXES ' 

Compiled from "Trade of Canada", Dominion Bureau of Statistics 



TOTAL EXPORTS (EXCLUDING GOLD) TO 2 


New Gold 


EXPORT INDEXES s 


















Production 














Other 


Western 


Central 






Available 










U.S.A. 


U.K. 


Sterling 


Europe & 


and 


All 


All 


for 


Total 












Area 
3 


Colonies 
4 


South 
America 


Other 


Countries 


Export 


Value 


Price 


Volume 


Calendar Years 
























1949 


1,524 


709 


305 


254 


132 


99 


3,023 


139 


97.3 


103.3 


94.2 


1950 


2,051 


473 


200 


199 


154 


80 


3,157 


163 


101.4 


108.3 


93.6 


1951 


2,334 


636 


266 


364 


217 


146 


3,963 


150 


127.3 


123.0 


103.5 


1952 


2,349 


751 


291 


468 


281 


216 


4,356 


150 


139.9 


121.8 


114.9 


1953 


2,463 


669 


252 


367 


207 


216 


4,173 


144 


133.9 


118.3 


113.2 


12 Mths. end'g 
























July 1954 


2,381 


618 


213 


328 


203 


217 


3,960 


141 








Monthly 
























1953-Jan. 


191.7 


49.5 


17.7 


22.4 


18.8 


20.8 


321.3 


16.0 


123.8 


119.6 


103.5 


Feb. 


176.8 


36.4 


23.1 


19.5 


13.6 


10.2 


279.6 


16.1 


107.5 


119.2 


90.2 


Mar. 


206.4 


38.8 


18.4 


17.9 


17.7 


13.8 


313.0 


15.6 


120.1 


119.4 


100.6 


Apr. 


192.3 


45.3 


18.0 


21.8 


17.0 


10.4 


304.8 


11.7 


117.5 


119.5 


98.3 


May 


224.2 


68.5 


24.0 


38.5 


15.5 


14.3 


385.0 


12.0 


148.4 


118.9 


124.8 


June 


218.2 


77.3 


27.7 


52.0 


21.4 


19.4 


416.0 


13.7 


160.6 


119.2 


134.7 


July 


212.7 


81.3 


24.7 


43.8 


17.0 


18.8 


398.3 


9.3 


153.4 


118.7 


129.2 


Aug. 


199.9 


67.2 


19.4 


26.7 


12.1 


21.6 


346.9 


10.7 


133.7 


118.8 


112.5 


Sept. 


211.4 


45.0 


25.7 


24.1 


18.2 


19.4 


343.8 


10.4 


132.0 


118.4 


111.5 


Oct. 


201.9 


55.8 


16.3 


33.4 


19.1 


21.3 


347.8 


9.9 


134.0 


118.4 


113.2 


Nov. 


204.0 


56.1 


19.7 


35.1 


21.0 


19.3 


355.2 


9.1 


136.9 


117.1 


116.9 


Dec. 


223.5 


47.7 


17.0 


31.7 


15.5 


25.5 


360.9 


9.8 


138.8 


116.7 


118.9 


1954- [an. 


160.1 


38.1 


12.5 


22.8 


11.8 


20.1 


265.4 


11.5 


101.7 


116.1 


87.6 


Feb. 


171.9 


44.9 


12.5 


21.1 


14.2 


15.2 


279.8 


10.2 


105.4 


116.5 


90.5 


Mar. 


205.2 


52.8 


14.1 


19.7 


15.2 


14.1 


321.1 


12.8 


123.2 


115.7 


106.5 


Apr. 


181.8 


39.5 


19.8 


22.8 


20.6 


13.7 


298.2 


13.8 


114.1 


116.4 


98.0 


Mav 


213.0 


62.4 


20.8 


32.8 


20.2 


14.4 


363.6 


13.7 


139.8 


116.3f 


120.2f 


Tune 


212.7 


52.8 


18.0 


31.5 


17.4 


15.3 


347.7 


15.6 


133.7 


116.9 


114.4 


July* 


194.4 


55.9 


18.2 


26.4 


18.2 


15.5 


329.1 


13.6 










Commencing April 1, 1949, external trade of Newfoundland is included 
and Canadian trade with Newfoundland, formerly in the "All Other" 
category, disappears. 

Includes exports of foreign produce. Excludes defence equipment transferred 
by Canada to North Atlantic Treaty countries which in 1950. 1951, 1952 
and 1953 amounted to 56.8, 109.1, 100.9, and 182.0* respectively. 
Consists of U.K. Dependencies, Union of South Africa, Eire, India, 
Pakistan, Burma, Australia, New Zealand, Iceland, Jordan, Libya, Ceylon 
and Iraq. 



4. Excludes Spain, but includes Greece and Turkey. 

5. Excludes exports of foreign produce. Price indexes are based largely on 
unit values derived from the Customs' entries. Price indexes prior to 
1948 are converted from 1935-39= 100. 

6. Commencing in June 1954, imports are recorded on a calendar month 
rather than a customs month basis. As a result of the transition the 
figures for June, 1954 include imports for calendar June and for a few 
days in May. 

* Preliminary. t Revised. 



159 



AUGUST 1954 



AUGUST 1954 



MERCHANDISE IMPORTS: COMMODITY CLASSIFICATION 

Compiled from "Trade of Canada" t Dominion Bureau of Statistics 



160 



Millions of Dollars 




































































Hides 


Other 


Cotton 






















Fruits 




and 
MUled 


Sugar 


Tea 


Alcoholic 


Vegetable 
Oils 


Rubber 
(incl. syn- 


Furs 


and 
Leather 


Vegetable 
and 




Silk 

(raw and 






Artificial 








Books and 


Other Wood 


























Coffee 


Beverages 


(non- 


thetic) 




(unmfd. 


Animal 




Mfd. 


mfd.) 


Raw and 




Silk 






Paper 




and Wood 










find, rice) 








edible) 






and mfd.) 


Products 


Unmfd. 




Unmfd. 


Mfd. 










Matter 


Products 




Calendar Years 
1946 


118 


27 


20 


40 


26 


13 


12 


20 


27 


13 


58 


45 


75 


4 


30 


35 


22 


23 


31 


19 
23 
17 
20 
23 
35 
30 


31 
32 
31 
36 
42 
51 
57 
68 


20 
35 
25 
30 
34 
51 
48 
53 


Calendar Years 
1946 
1947 
1948 
19491 
1950 
1951 
1952 
1953 


1947 


100 


25 


36 


57 


35 


14 


23 


29 


22 


26 


76 


61 


119 


7 


30 


54 


34 


38 


46 


1948 


91 


8 


31 


72 


42 


16 


19 


32 


25 


19 


83 


57 


78 


4 


48 


67 


30 


27 


39 


19491 


96 


19 


26 


71 


50 


22 


21 


29 


20 


25 


74 , 


1 67 


73 


6 


37 


63 


30 


20 


37 


1950 


113 


25 


39 


87 


71 


17 


31 


49 


22 


28 


89 


91 


67 


8 


55 


52 


21 


26 


45 


1951 


118 


31 


46 


86 


71 


18 


35 


85 


22 


31 


126 


97 


87 


8 


95 


68 


35 


31 


64 


1952 


121 


46 


38 


71 


72 


21 


20 


52 


24 


21 


90 


I 68 


82 


7 


29 


53 


40 


24 


58 


1953 


129 


38 


35 


60 


81 


20 


23 


51 


21 


26 


93 1 


| 57 


89 


6 


43 


73 


47 


22 


50 


39 


12-Mths. ending 
May 1954 


132 


38 


39 


60 


88 


20 


23 


47 


17 


24 


101 


48 


78 


6 


33 


68 


40 


21 


46 


41 


67 


54 


12-Mths. ending 
May 1954 
Monthly 
Jan.— 1953 
Feb. 
Mar. 
Apr. 
May 
June 


Monthly 
1953— Jan. 


7.0 


2.9 


1.9 


1.1 


6.0 


1.6 


2.2 


4.1 


4.7 


2.1 


5.7 


7.2 


9.1 


.7 


4.0 


6.1 


4.5 


1.8 


4.7 


2.6 


5 


3.8 
4.2 
4 7 


Feb. 


7.4 


2.7 


1.6 


2.5 


5.7 


1.1 


1.8 


4.2 


2.8 


2.2 


6.9 


7.3 


9.4 


.6 


3.3 


5.5 


4.5 


1.4 


4.3 


2 6 


4 9 


Mar. 


8.2 


3.7 


2.2 


3.2 


8.3 


1.4 


2.8 


4.3 


1.8 


2.6 


6.8 


5.8 


9.9 


.6 


3.9 


6.2 


4.9 


1.3 


4.7 


3.2 


5 7 


Apr. 


10.2 


4.7 


1.8 


4.4 


7.3 


1.5 


2.0 


4.4 


2.1 


2.3 


8.0 


5.2 


9.1 


.5 


5.2 


6.2 


4.7 


1.8 


5.1 


3.5 


6.3 


4 6 


May 


12.0 


5.2 


2.8 


5.8 


7.4 


1.5 


2.2 


4.8 


1.4 


2.1 


9.0 


5.0 


7.9 


.5 


5.8 


6.0 


4.0 


2.2 


4.3 


3.4 


6.6 


4 6 


June 


11.6 


5.2 


1.9 


6.4 


5.3 


1.5 


1.9 


4.5 


1.3 


1.9 


7.8 


3.7 


6.8 


.5 


4.2 


5.8 


3.7 


2.0 


3.9 


3.3 


5.1 


4.1 


July 


14.3 


3.3 


3.1 


5.2 


5.6 


1.4 


1.1 


4.1 


1.2 


1.9 


8.3 


4.1 


6.3 


.5 


4.1 


7.5 


3.3 


1.8 


3.9 


3.2 


5.0 


4 9 


July 
Aug. 
Sept. 
Oct 


Aug. 


11.0 


.9 


2.2' 


6.4 


5.7 


1.3 


1.3 


3.9 


1.0 


2.4 


6.4 


3.1 


5.8 


.5 


3.2 


7.1 


3.9 


1.9 


3.6 


3.2 


5.0 


4.2 


Sept. 


12.6 


1.0 


2.3 


7.0 


6.7 


1.7 


1.2 


4.7 


1.0 


2.1 


8.0 


2.9 


6.5 


.5 


2.6 


5.9 


3.7 


1.4 


4.0 


3.4 


6.3 


4.5 


Oct. 


10.0 


2.0 


4.6 


8.1 


7.1 


2.1 


1.9 


4.2 


1.6 


2.3 


7.7 


3.4 


6.2 


.5 


2.2 


6.1 


3.3 


2.0 


4.0 


3.7 


6.8 


5.0 


Nov. 


11.9 


2.8 


3.3 


6.4 


7.7 


2.7 


2.5 


3.7 


.8 


2.1 


8.8 


5.1 


6.4 


.5 


2.1 


5.5 


3.3 


3.0 


4.1 


3.6 


5.5 


4.6 




Dec. 


13.0 


3.4 


7.3 


3.5 


7.9 


2.7 


2.3 


3.7 


1.2 


2.1 


9.1 


4.5 


5.9 


.5 


2.1 


4.9 


2.9 


1.3 


3.6 


3.4 


5.9 


4.2 


Dec. 


1954— Jan. 


6.5 


2.8 


1.7 


2.7 


8.1 


1.2 


2.5 


2.9 


1.7 


1.6 


7.0 


2.7 


6.2 


.5 


1.9 


5.4 


3.0 


1.2 


3.7 


3.1 


5.1 


4.0 


Jan.— 1954 
Feb. 


Feb. 


7.8 


3.2 


1.9 


2.6 


7.5 


1.3 


2.3 


3.8 


1.9 


2.1 


6.6 


4.0 


6.6 


.5 


2.3 


5.1 


3.0 


1.1 


3.6 


3.2 


5.4 


4.6 


Mar. 


10.3 


3.9 


2.2 


2.7 


8.0 


1.2 


2.1 


4.0 


2.0 


2.3 


9.2 


5.4 


8.2 


.6 


2.5 


5.8 


3.7 


1.5 


3.9 


3.8 


5.9 


5.6 


Mar. 


Apr. 


11.1 


4.0 


2.6 


4.4 


10.2 


1.5 


1.4 


3.8 


1.6 


1.9 


11.7 


4.5 


7.1 


.4 


2.4 


4.6 


3.1 


1.8 


4.0 


3.6 


5.5 


4.0 . 


Apr. 


May 


12.0 


5.2 


5.6 


4.3 


8.6 


1.2 


2.1 


4.0 


1.6 


1.6 


10.0 


4.3 


6.2 


.5 


2.9 


4.3 


3.0 


2.0 


4.0 


3.4 


5.7 


4.1 


May 





Chemicals 




Pigs, Ingots 


Bars and 


Sheets, 


Structural 


Castings 


Engines, 


Farm 


Machinery 


Motor 


Other 




Tin 




Other 


Coal 


Petroleum 




Other 


All 








and 


Iron 


Blooms 


Rods incl. 


Plates, 


Iron and 


Loco- 


Implements 


(except 


Vehicles 


Iron 


Bauxite 


and 


Electrical 


Non-ferrous 


and 


and 


Glass 


Non- 


Other 


Total 






Allied 


Ore 


and 


Rails 


Hoop, Band 


Steel 


Forgings 


motives 


and 


agri- 


and 


and 


Ore 


Products 


Apparatus 


Metals 


Products 


Products 




metallic 




Imports 






Products 




Billets 




and Strip 




and Boilers 


Machinery 


cultural) 


Parts 


Steel 
















Minerals 








Calendar Years 














































Calendar Years 


1946 


93 


6 


1 


8 


38 


8 


7 


29 


68 


130 


106 


89 


9 


6 


48 


58 


133 


123 


23 


53 


119 


1,864 


1946 


1947 


113 


13 


2 


12 


48 


18 


9 


44 


105 


206 


178 


127 


9 


7 


69 


77 


154 


207 


29 


63 


163 


2,574 


1947 


1948 


118 


16 


6 


12 


54 


18 


10 


50 


140 


217 


132 


128 


10 


8 


62 


76 


206 


301 


26 


73 


116 


2,637 


1948 


1949' 


131 


12 


6 


13 


67 


18 


13 


59 


177 


216 


167 


143 


10 


8 


70 


87 


157 


274 


25 


79 


158 


2,761 


19491 


1950 


158 


17 


5 


11 


66 


16 


10 


55 


162 


226 


250 


163 


10 


10 


83 


113 


190 


307 


28 


86 


172 


3,174 


1950 


1951 


192 


23 


16 


26 


108 


39 


14 


88 


195 


329 


271 


224 


15 


20 


120 


136 


190 


353 


32 


109 


297 


4,085 


1951 


1952 


188 


27 


17 


23 


84 


36 


13 


136 


197 


361 


258 


255 


13 


11 


140 


134 


168 


341 


27 


105 


429 


4,031 


1952 


1953 


222 


28 


5 


17 


79 


30 


13 


117 


209 


402 


324 


309 


17 


8 


198 


141 


153 


357 


37 


111 


482 


4,383 


1953 


12-Mths. ending 














































12-Mths. ending 


May 1954 


217 


27 


4 


15 


70 


35 


12 


108 


170 


397 


303 


303 


16 


7 


194 


139 


142 


350 


36 


106 


460 


4,207 


May 1954 


Monthly 














































Monthly 


1953— Jan. 


17.3 


.2 


.7 


1.7 


6.0 


1.8 


.8 


10.3 


16.1 


30.7 


24.3 


22.1 


.5 


.6 


16.1 


9.1 


8.9 


27.8 


2.4 


6.3 


35.3 


327.8 


Jan.— 1953 


Feb. 


16.1 


.2 


.5 


1.2 


6.0 


1.8 


1.0 


9.1 


17.7 


29.0 


24.7 


20.5 


.2 


.3 


14.1 


7.9 


10.0 


23.8 


2.6 


7.1 


29.5 


310.0 


Feb. 


Mar. 


18.4 


- 


.9 


1.3 


6.4 


1.8 


.9 


10.5 


22.2 


35.9 


32.6 


24.9 


.4 


1.0 


15.9 


11.2 


8.7 


25.3 


3.3 


7.8 


34.6 


360.1 


Mar. 


Apr. 


20.0 


.1 


1.0 


1.4 


7.3 


2.2 


1.1 


11.0 


24.3 


36.8 


37.3 


27.7 


.3 


1.9 


17.3 


11.0 


9.8 


24.4 


3.4 


8.4 


44.2 


391.8 


Apr. 


May 


20.4 


3.0 


.4 


1.4 


7.4 


2.4 


1.1 


10.7 


25.5 


36.0 


39.5 


30.0 


2.3 


.5 


18.5 


12.2 


14.6 


28.5 


3.3 


10.2 


48.4 


420.6 


May 


June 


19.4 


4.1 


.5 


1.3 


7.0 


2.7 


1.1 


11.0 


23.4 


37.5 


36.8 


33.7 


1.9 


1.1 


15.9 


11.6 


15.8 


31.6 


3.3 


9.6 


44.5 


406.3 


June 


July 


18.9 


5.6 


.4 


1.8 


6.3 


2.9 


1.1 


10.7 


25.4 


36.8 


30.4 


28.8 


2.2 


.5 


15.9 


13.7 


15.7 


34.5 


2.9 


11.5 


45.1 


405.4 


July 


Aug. 


17.0 


5.9 


.2 


1.2 


5.4 


2.8 


1.0 


6.9 


17.4 


28.0 


19^8 


26.1 


2.0 


.6 


15.2 


10.5 


14.0 


32.0 


2.9 


10.9 


41.5 


345.2 


Aug. 


Sept. 


19.9 


4.5 


.3 


1.5 


5.9 


2.5 


1.0 


9.8 


12.6 


31.6 


21 A 


24.6 


2.1 


.3 


18.0 


13.7 


15.2 


34.1 


3.2 


10.1 


45.2 


367.5 


Sept. 


Oct. 


19.0 


• 2.9 


.1 


1.5 


6.7 


2.7 


1.3 


8.4 


9.4 


31.7 


17 !o 


24.7 


1.8 


.7 


17.6 


14.2 


16.6 


31.1 


3.4 


10.4 


42.3 


358.3 


Oct. 


Nov. 


18.6 


1.5 


.2 


1.3 


7.8 


3.2 


1.3 


9.5 


6.8 


31.4 


17^6 


24.2 


1.9 


.8 


16.5 


14.5 


15.0 


31.4 


3.4 


10.7 


37.3 


351.4 


Nov. 


Dec. 


17.1 


.2 


.2 


1.1 


6.4 


2.7 


.9 


8.9 


8.4 


36.5 


22.2 


22.0 


1.0 


.1 


17.2 


11.7 


9.0 


32.8 


3.2 


7.7 


33.7 


338.4 


Dec. 


1954— Jan. 


15.1 


.2 


.2 


1.0 


5.8 


3.4 


.8 


9.0 


7.7 


25.8 


22.0 
24.9 
32.3 
29.4 
29.0 


18.9 


.4 


.2 


14.9 


10.5 


8.1 


27.3 


2.4 


5.6 


25.4 


280.2 


Jan.— 1954 


Feb. 


15.9 


- 


.3 


.9 


5.2 


3.2 


.6 


8.4 


10^4 


29^5 


20.7 


.4 


.5 


13.7 


10.0 


8.3 


22.1 


2.6 


6.3 


28.8 


292.6 


Feb. 


Mar. 


19.5 


- 


.3 


1.1 


5.0 


3.5 


.9 


9.0 


10.4 


36^8 
36.4 


24.5 


.4 


.6 


17.6 


9.5 


7.4 


24.6 


2.9 


7.4 


38.6 


353.0 


Mar. 


Apr. 


18.0 


- 


.2 


1.3 


4.6 


3.0 


1.0 


8.4 


18.7 


27.1 


.4 


.7 


15.9 


10.0 


7.1 


23.6 


3.0 


7.5 


36.9 


348.5 


Apr. 


May 


18.9 


1.9 


, -9 


1.3 


4.3 


2.1 


.7 


8.1 


19]6 


35!l 


28.1 


1.7 


.7 


15.2 


9.3 


10.2 


24.9 


2.7 


8.2 


40.2 


359.7 


May 


1. Includes imports from 


Newfoundla 


nd until Mar 


ch 31 and im 


ports into Ne 


wfoundland 


rom other co 


untries there; 


ifter. 

































CUMULATIVE TABLE OF CONTENTS 
1954 

See Statistical Summary Indexes, published annually, for details of previous years 

Page Number 

Monthly Tables *&SgT 

Bank of Canada: Assets and Liabilities 139-142 

Chartered Banks: Cash Reserves, Liabilities and Assets . 143-146 
General Public Holdings of Certain Liquid Assets: Currency, 

Bank Deposits and Government of Canada Securities 147-148 

Government Bond Yields and Treasury Bill Rates ... 149 

Price Indexes 150 

Foreign Exchange Rates 151 

Official Holdings of Gold and U.S. Dollars ...... 151 

Labour Force Status of the Population 152 

Employment and Labour Income 152 

Volume of Industrial Production 154 

U.S.A. Economic Statistics 156 

External Trade and Trade Indexes 158 

Quarterly Tables 

Chartered Banks: Estimated Quarterly Classification 

of Loans in Canada 125 

General Public Holdings of Certain Liquid Assets: 

Approximate Division between Non-Resident, Resident 

Corporate and Resident Non-Corporate Holdings . . 149-150 

Bond Issues and Retirements 127 

Canadian Gold Statistics 131 

Government Bond Yields: Canada, U.S.A. and U.K. ... 104 

Consumer Credit Outstanding . . 106 

National Accounts: Quarterly 107-110 

Population Statistics 133 

Selected Housing Statistics 135 

Selected Agricultural Statistics: Quarterly 111-112 

Canadian Balance of International Payments: Quarterly . 153 

International Securities Transactions: Quarterly .... 154 

Merchandise Exports: Commodity Classification by Volume 137 

Merchandise Exports: Commodity Classification by Value . 119-120 

Merchandise Imports: Commodity Classification by Volume 138 

Merchandise Imports: Commodity Classification by Value . 159-160 

Other Tables 

Bonds Outstanding 9 

Estimates of Labour Income 14 

National Accounts: Yearly 27 

Capital Expenditures on New Construction, Machinery and 

Equipment 134 

Mineral Production 31 

Domestic Exports: Commodity Classification by Destination 157 

Public Finance: Government of Canada 49-50 

New Passenger Automobile Statistics 115 

New Commercial Vehicle Statistics 115 

Railways: Operating Statistics 74 

Newsprint: North America 156 

Canadian Wheat: Statistical Position 77 

Profit Statistics of 480 Companies: 1947-1953 .... 90 

Selected Petroleum Statistics 91-92 

Canadian Balance of International Payments: 1952 and 1953 129-130 

Canadian Balance of International Indebtedness .... 131 



BANK OF CANADA 

STATISTICAL SUMMARY 



A Cumulative Table of Contents for 1954 appears on the back cover 

TABLES 

Bank of Canada: Assets and Liabilities: 

Monthly and Weekly Figures 161-162 

Chartered Banks: 

Monthly Figures: Cash Reserves, Liabilities and Assets 163-164 

Weekly Estimates: Assets and Liabilities 165-166 

General Public Holdings of Certain Liquid Assets: 

Currency, Bank Deposits and Government of Canada 

Securities 167-168 

Government Bond Yields and Treasury Bill Rates ... 169 

Foreign Exchange Rates 170 

Official Holdings of Gold and U.S. Dollars 170 

Consumer Credit Outstanding 171 

New Passenger Automobile Statistics 172 

National Accounts: Quarterly 173-174 

Price Indexes 175 

Labour Force Status of the Population 175 

Employment and Labour Income 176 

Volume of Industrial Production 176 

Selected Agricultural Statistics: Quarterly 177-178 

Canadian Wheat: Statistical Position 179 

U.S.A. Economic Statistics 179 

External Trade and Trade Indexes 180 

Merchandise Exports: Commodity Classification by Value 181-182 

CHARTS 

Active Note Circulation 165 

Chartered Banks: Canadian Deposit Liabilities and Cash 

Ratio 166 

Yields of Government Bonds: Canada, U.S.A. and U.K. . . 169 

United States Dollar in Canadian Funds 170 

Consumer Credit Outstanding 171 

Passenger Automobile Statistics 172 



Tables and Charts may be reproduced or referred to provided that the Bank of Canada 
Statistical Summary, with its date, is specifically quoted as the source. Subscription: 25c per 
copy, post free. For particulars apply to the Research Department, Bank of Canado, Ottawa. 



TTNTV OF I 

DC 



SEPTEMBER 1954 



Gil 



161 



SEPTEMBER 1954 



SEPTEMBER 1954 



162 



BANK OF CANADA 

Month-End and Weekly Figures 



jaWWni UJ UUitUTA 


ASSETS 




Total 

Assets 

or 

Liabilities 


LIABILITIES 


WnVVV ,*l VJ LSUWJ 




Government of Canada 
Direct and Guaranteed Securities 


Provincial 

Govt. 
Securities 


Advances to 


Foreign 

Currency 

Assets 

1 


Invest- 
ment 

in 
IDB 

2 


All 

Other 

Accounts 

3 


Notes in Circulation 


Canadian Dollar Deposits 


Foreign 
Currency 
Liabilities 


All 

Other 

Accounts 

4,5 






Treasury 
Bills 


Other Maturities 


Total 


Govt. 

of 
Canada 


Chartered 

& Savings 

Banks 


Held by 


Total 


Govt, of 

Canada 

4 


Chartered 
Banks 


Other 






Chartered 
Banks 


Others 






2 yrs. and 
under 


Over 
2 yrs. 


Total 




As at Dec. 31 
1948 


249.5 


984.2 


779.1 


1,763.3 


2,012.7 


_ 


_ 


- 


0.5 


25.0 


20.4 


2,058.6 


190.8 


1,098.3 


1,289.1 


98.1 


547.3 


81.0 


0.4 


42.7 


As at Dec. 31 
1948 


1949 


243.6 


1,537.8 


227.8 


1,765.6 


2,009.2 


- 


- 


- 


79.7 


25.0 


12.0 


2,125.9 


211.8 


1,095.6 


1,307.4 


30.7 


541.7 


126.9 


79.6 


39.5 


1949 


1950 


262.7 


966.6 


712.5 


1,679.1 


1,941.8 


- 


- 


- 


359.6 


25.0 


24.0 


2,350.3 


231.3 


1,136.1 


1,367.4 


24.7 


578.6 


207.1 


133.6 


39.0 


1950 


1951 


186.4 


955.3 


1,049.3 


2,004.7 


2,191.1 


- 


- 


— 


204.2 


27.8 


21.0 


2,444.1 


273.1 


1,191.1 


1,464.2 


94.9 


619.0 


66.1 


155.6 


44.4 


1951 


1952 


282.9 


1,176.9 


767.2 


1,944.1 


2,227.0 


- 


- 


- 


84.5 


30.8 


39.2 


2,381.4 


272.5 


1,288.7 


1,561.2 


16.2 


626.6 


44.5 


82.9 


50.0 


1952 


1953 


374.5 


1,002.1 


893.7 


1,895.7 


2,270.2 


- 


- 


- 


67.2 


36.3 


63.5 


2,437.2 


263.8 


1,335.3 


1,599.1 


51.5 


623.9 


29.5 


63.8 


69.3 


1953 


End of 

1953— Jan. 
Feb. 


184.3 


1,166.9 


803.0 


1,969.9 


2,154.2 


- 


- 


- 


71.7 


31.2 


43.8 


2,300.9 


213.4 


1,266.2 


1,479.6 


40.5 


603.1 


47.6 


70.2 


60.0 


End of 

Jan.— 1953 


251.0 


1,160.9 


817.5 


1,978.4 


2,229.4 


- 


- 


- 


79.4 


31.9 


49.5 


2,390.1 


191.5 


1,281.3 


1,472.8 


88.6 


668.0 


51.4 


77.4 


31.8 


Feb. 


Mar. 


236.4 


1,134.6 


810.9 


1,945.4 


2,181.8 


- 


— 


— 


73.0 


32.1 


39.8 


2,326.7 


232.3 


1,261.1 


1,493.4 


60.6 


601.1 


66.5 


71.0 


34.1 


Mar. 


Apr. 
May 


304.1 


1,132.5 


796.0 


1,928.6 


2,232.7 


- 


- 


- 


75.5 


32.6 


46.4 


2,387.2 


232.7 


1,272.1 


1,504.8 


48.3 


646.7 


76.8 


73.4 


37.2 


Apr. 


288.5 


1,076.3 


821.4 


1,897.7 


2,186.2 


- 


- 


- 


66.8 


33.1 


59.3 


2,345.4 


210.4 


1,307.5 


1,517.9 


45.6 


594.9 


72.1 


64.8 


50.1 


May 


June 
July 
Aug. 
Sept. 


339.7 


1,065.9 


852.0 


1,917.9 


2,257.6 


- 


- 


- 


73.9 


33.1 


59.5 


2,424.2 


239.0 


1,290.0 


1,529.0 


47.9 


647.6 


82.6 


72.0 


44.9 


June 


354.2 


1,097.4 


838.5 


1,935.9 


2,290.1 


- 


- 


- 


82.4 


33.3 


46.7 


2,452.6 


214.2 


1,333.0 


1,547.2 


43.8 


646.6 


68.7 


80.9 


65.4 


July 


335.0 


1,079.0 


830.9 


1,910.0 


2,245.0 


- 


- 


- 


74.9 


33.4 


42.1 


2,395.4 


247.7 


1,302.0- 


1,549.7 


66.4 


617.8 


35.2 


73.3 


53.1 


Aug. 


332.2 


1,053.5 


824.9 


1,878.4 


2,210.5 


- 


- 


- 


76.4 


33.8 


39.8 


2,360.5 


262.0 


1,290.5 


1,552.5 


15.4 


616.9 


37.8 


74.9 


63.0 


Sept. 


Oct. 


407.4 


1,062.5 


812.1 


1,874.6 


2,282.1 


- 


- 


- 


97.6 


34.5 


57.1 


2,471.3 


211.2 


1,344.7 


1,555.9 


3.8 


733.6 


37.2 


76.0 


64.8 


Oct. 


Nov. 


379.7 


998.9 


894.9 


'1,893.7 


2,273.4 


- 


— 


1.5 


68.7 


34.8 


45.9 


2,424.3 


256.2 


1,303.1 


1,559.3 


50.3 


625.6 


43.4 


67.2 


78.5 


Nov. 


Dec. 


374.5 


1,002.1 


893.7 


1,895.7 


2,270.2 


- 


- 


- 


67.2 


36.3 


63.5 


2,437.2 


263.8 


1,335.3 


1,599.1 


51.5* 


623.9 


29.5 


63.8 


69.3* 


Dec. 


1954— Jan. 


335.3 


993.0 


880.6 


1,873.6 


2,208.9 


- 


_ 


10.0 


73.8 


36.3 


44.6 


2,373.5 


225.8 


1,293.4 


1,519.2 


48.8 


634.4 


29.5 


71.3 


70.3 


Jan.— 1954 


Feb. 


324.9 


1,049.9 


900.8 


1,950.7 


2,275.7 


— 


- 


10.0 


65.2 


36.4 


58.1 


2,445.3 


201.6 


1,304.6 


1,506.2 


126.1 


676.6 


34.4 


62.7 


39.3 


Feb. 


Mar. 


300.6 


1,252.2 


636.3 


1,888.5 


2,189.1 


- 


- 


— 


62.3 


35.7 


98.2 


2,385.3 


242.9 


1,269.7 


1,512.6 


81.8 


660.0 


28.9 


60.8 


41.2 


Mar. 


Apr. 


314.8 


1,389.0 


568.0 


1,957.0 


2,271.8 


- 


- 


0.4 


70.9 


35.7 


52.5 


2,431.3 


211.0 


1,324.7 


1,535.7 


86.0 


661.7 


27.3 


68.4 


52.2 


Apr. 


May 


310.4 


1,430.0 


520.5 


1,950.6 


2,260.9 


- 


— 


15.0 


74.0 


35.7 


40.0 


2,425.6 


258.1 


1,288.5 


1,546.6 


143.8 


589.3 


30.3 


71.3 


44.4 


May 


June 


256.1 


1,312.4 


702.0 


2,014.4 


2,270.5 


- 


- 


- 


91.1 


34.5 


41.4 


2,437.5 


227.2 


1,326.3 


1,553.5 


99.0 


624.4 


41.4 


64.6 


54.6 


June 


July 


165.3 


1,485.9 


492.6 


1,978.5 


2,143.9 


- 


- 


- 


65.9 


34.6 


72.5 


2,316.9 


217.9 


1,354.2 


1,572.1 


50.5 


543.9 


30.9 


63.9 


55.7 


July 


Aug. 


133.8 


1,536.1 


493.0 


2,029.1 


2,162.9 


- 


- 


- 


69.1 


34.5 


40.1 


2,306.5 


258.9 


1,314.1 


1,573.0 


49.6 


531.0 


31.5 


67.1 


54.2 


Aug. 


Sept. 


94.4 


1,566.4 


535.0 


2,101.4 


2,195.8 


- 


- 


- 


70.1 


35.6 


36.1 


2,337.5 


* 


* 


1,585.3 


81.8 


521.4 


25.8 


67.8 


55.5 


Sept. 


At. of Wednesdays 










































Av. of Wednesdays 


1953— Jan. 


218.9 


1,175.5 


786.5 


1,961.9 


2,180.8 


- 


15.0 


- 


80.4 


30.8 


41.0 


2,347.9 


301.8 


1,206.2 


1,508.0 


28.0 


631.3 


49.8 


78.8 


52.1 


Jan.— 1953 


Feb. 


215.8 


1,157.7 


810.4 


1,968.1 


2,183.9 


- 


- 


- 


70.7 


31.2 


32.3 


2,318.0 


267.3 


1,210.1 


1,477.4 


52.7 


641.9 


51.0 


68.8 


26.4 


Feb. 


Mar. 


228.5 


1,136.8 


823.4 


1,960.1 


2,188.6 


- 


- 


- 


71.3 


31.9 


40.3 


2,332.1 


258.4 


1,225.8 


1,484.2 


49.2 


648.1 


50.7 


69.6 


30.4 


Mar. 


Apr. 


261.9 


1,134.5 


804.4 


1,939.0 


2,200.9 


- 


- 


- 


77.1 


32.2 


41.6 


2,351.8 


256.4 


1,248.1 


1,504.5 


46.2 


619.6 


71.6 


75.1 


34.8 


Apr. 


May 


286.4 


1,110.6 


815.3 


1,925.9 


2,212.3 


- 


- 


— 


60.5 


32.8 


47.8 


2,353.5 


275.2 


1,242.8 


1,518.0 


36.7 


636.2 


66.6 


58.5 


37.4 


May 


June 


311.9 


1,063.7 


837.8 


1,901.4 


2,213.3 


- 


- 


_ 


66.7 


33.1 


39.3 


2,352.4 


275.0 


1,249.2 


1,524.2 


42.5 


604.8 


77.0 


64.7 


39.3 


June 


July 


323.4 


1,080.2 


841.3 


1,921.4 


2,244.8 


- 


- 


- 


76.7 


33.1 


55.7 


2,410.3 


269.6 


1,270.6 


1,540.2 


51.8 


624.7 


75.8 


72.5 


45.4 


July 


Aug. 


338.1 


1,083.9 


833.5 


1,917.3 


2,255.3 


- 


- 


_ 


75.3 


33.3 


43.5 


2,407.5 


280.8 


1,271.1 


1,551.8 


59.0 


619.8 


52.0 


73.9 


51.0 


Aug. 


Sept. 


328.2 


1,066.4 


827.5 


1,893.9 


2,222.1 


- 


_ 


_ 


76.2 


33.5 


39.2 


2,370.9 


272.2 


1,283.1 


1,555.3 


34.6 


617.1 


36.0 


74.8 


53.2 


Sept. 


Oct. 


348.4 


1,028.1 


821.3 


1,849.4 


2,197.8 


- 


_ 


_ 


84.0 


33.8 


48.0 


2,363.5 


286.5 


1,275.8 


1,562.3 


12.9 


622.1 


35.3 


72.6 


58.4 


Oct. 


Nov. 


398.6 


977.5 


887.6 


1,865.0 


2,263.6 


- 


_ 


0.8 


70.8 


34.5 


59.0 


2,428.6 


287.2 


1,277.6 


1,564.8 


62.9 


620.5 


35.0 


69.3 


76.3 


Nov. 


Dec. 


374.7 


1,028.2 


896.2 


1,924.5 


2,299.1 


- 


- 


1.3 


66.7 


34.8 


42.2 


2,444.1 


278.2 


1,308.1 


1,586.3 


52.1 


624.5 


47.4 


63.4 


70.4 


Dec. 


1954— Jan. 


357.7 


992.3 


891.9 


1,884.2 


2,241.9 


_ 


_ 


_ 


67.5 


36.3 


44.2 


2,389.7 


314.6 


1,240.0 


1,554.6 


51.5 


625.0 


26.6 


65.3 


66.7 


Jan.— 1954 


Feb. 


328.4 


1,027.7 


897.7 


1,925.3 


2,253.8 


- 


- 


6.5 


67.2 


36.3 


40.4 


2,404.1 


276.2 


1,236.3 


1,512.4 


115.7 


632.4 


38.4 


64.7 


40.6 


Feb. 


Mar. 


316.4 


1,010.5 


867.3 


1,877.8 


2,194.2 


- 


_ 


2.0 


66.7 


36.1 


56.4 


2,355.4 


262.0 


1,250.8 


1,512.8 


55.3 


652.1 


32.2 


64.9 


38.1 


Mar. 


Apr. 


306.3 


1,340.7 


554.7 


1,895.4 


2,201.7 


- 


_ 


11.4 


64.8 


35.7 


43.7 


2,357.2 


274.1 


1,261.2 


1,535.3 


70.0 


627.0 


25.0 


62.9 


37.0 


Apr. 


May 


302.7 


1,408.2 


551.4 


1,959.6 


2,262.4 


- 


_ 


5.1 


71.1 


35.6 


52.7 


2,426.8 


282.6 


1,258.8 


1,541.4 


123.6 


621.6 


28.4 


68.4 


43.4 


May 


June 


280.1 


1,296.5 


694.8 


1,991.3 


2,271.4 


- 


_ 


3.0 


76.5 


35.0 


45.3 


2,431.2 


268.3 


1,281.2 


1,549.5 


99.6 


618.9 


33.4 


68.4 


61.5 


June 


July 


196.9 


1,433.1 


510.2 


1,943.4 


2,140.2 


- 


_ 


1.3 


83.4 


34.5 


49.2 


2,308.6 


284.2 


1,285.3 


1,569.5 


46.0 


549.1 


31.6 


63.3 


49.3 


July 


Aug. 


150.2 


1,513.3 


485.6 


1,998.9 


2,149.1 


- 


_ 




65.4 


34.7 


35.3 


2,284.4 


285.3 


1,290.9 


1,576.2 


49.2 


515.2 


29.8 


63.2 


50.8 


Aug. 


Sept. 
As at 


110.4 


1,550.6 


521.0 


2,071.6 


2,182.0 


- 


- 


- 


70.4 


34.6 


38.7 


2,325.7 


296.9 


1,300.9 


1,597.8 


65.8 


509.4 


26.5 


68.7 


57.5 


Sept. 
As at 


1954— July 7 


230. 4f 


l,415.5f 


529.1 


l,944.7f 


2,175.0 


_ 


_ 


5.0 


89.8 


34.5 


79.2 


2,383.6 


274. 4f 


l,290.4f 


1,564.8 


55.9 


613.8 


34.0 


63.4 


51.7 


7 July —1954 


14 


206 .2 f 


l,422.9f 


514.9 


l,937.8t 


2,143.9 


- 


_ 




92.4 


34.5 


40.3 


2,311.2 
2,286.5 
2,253.2 


287.4f 


l,282.6f 


1,570.0 


40.0 


556.1 


32.0 


66.1 


47.0 


14 


21 


189.5f 


1,422 .3 f 


501.7 


l,924.lf 


2,113.6 


- 


„ 


_ 


89.4 


34.5 


48.9 


284.3J 
290.5 


l,287.4f 


1,571.6 


43.0 


531.6 


30.9 


63.2 


46.1 


21 


28 


161.5f 


l,471.6f 


495.2 


l,966.8f 


2,128.3 


- 


- 


- 


62.1 


34.5 


28.3 


1,280.9 


1,571.4 


45.1 


494.8 


29.4 


60.3 


52.2 


28 


Aug. 4 


165.lt 


1,487 ,5f 


492.0 


l,979.4f 


2,144.5 


_ 


_ 




64.6 


34.6 


44.3 


2,288.0 
2,287.4 
2,283.4 
2,278.9 


265.4 


1,310.8 


1,576.2 


47.8 


517.2 


33.1 


62.0 


51.6 


4 Aug. 


11 


155.4 


1,514.4 


485.6 


2,000.0 


2,155.4 


- 


_ 


_ 


63.0 


34.6 


34.4 


291.3 


1,288.2 


1,579.5 


46.7 


520.6 


30.7 


60.2 


49.6 


11 


18 


142.6 


1,523.0 


479.1 


2,002.1 


2,144.7 


_ 


_ 


_ 


71.9 


34.6 


32.1 


284.8 


1,291.7 


1,576.5 


50.8 


505.3 


27.9 


70.6 


52.2 


18 


25 


137.9 


1,528.3 


485.6 


2,013.9 


2,151.8 


- 


- 


- 


61.9 


34.8t 


30.4 


299.7 


1,272.9 


1,572.6 


51.3 


517.7 


27.6 


60.0 


49.8 


25 


Sept. 1 


133.8 


1,537.4 


. 493.9 


2,031.2 


2,165.0 


_ 


_ 


_ 


69.4 


34.5 


40.2 


2,309.1 
2,321.8 
2,325.8 
2,342.9 
2,328.7 


257.1- 


1,317.2 


1,574.3 


45.0 


538.1 


26.3 


67.7 


57.7 


1 Sept. 


8 


120.1 


1,542.0 


508.8 


2,050.9 


2,171.0 


- 


_ 


_ 


65.3 


34.5 


51.2 


309.9 


1,310.8 


1,620.7 


52.1 


502.7 


26.7 


63.5 


56.3 


8 


15 
22 
29 


107.7 
96.2 
94.3 


1,555.6 
1.558.5 
1,559.5 


523.1 
537.3 
541.9 


2,078.7 
2,095.8 
2,101.4 


2,186.4 
2,192.0 
2,195.8 


: 


: 


- 


69.7 
75.6 
71.9 


34.5 

34.7t 

34.9 


35.2 
40.6 
26.2 


303.6 
318.0 
296.0 


1,309.2 
1,277.9 
1,289.3 


1,612.8 
1,595.9 
1,585.3 


65.0 
81.7 
85.2 


494.6 
501.3 
510.4 


26.6 
26.9 
25.9 


68.0 
73.7 
70.4 


58.8 
63.3 
51.5 


15 
22 
29 


Oct. 6 
13 


118.4 
109.7 


1,256.8 
1,255.0 


798.2 
774.1 


2,055.0 
2,029.1 


2,173.4 
2,138.8 


- 


- 


- 


70.3 
66.4 


35.6 
35.6 


83.8 

55.4 


2,363.1 

2,296.2 


281.0 

* 


1,304.4 

* 


1,585.4 
1,587.2 


46.5 
50.3 


551.9 
496.3 


30.1 
27.7 


68.1 
64.2 


81.0 
70.6 


6 Oct. 
13 


1. Foreign exchange an 
fund and all other lia 


1 foreign secu 
ulities. * r 


ities. 2. Ir 
[ot available. 


dustrial Deve 
t Revised. 


opment Bank 


capital stock, 


bonds and de 


Dentures. 3 


. Bank premi 


es and all oth 


er assets. 


i. Before the 


ransfer of Ban 


i of Canada pr 


ofits for the year ending December 31st from '■All Other Accounts" to Government of Canada deposits. J. Capital, rest 



163 



SEPTEMBER 1954 



SEPTEMBER 1954 



CHARTERED BANKS 

Monthly Figures 



164 



Millions of Dollars 












I. CANADIAN CASH RESERVES* 






^ash Reserves 


Canadian 


Average 










Dollar 
Deposit 


Cash 
Reserve 




Bank of 


Bank of 






Canada 


Canada 


Total 


Liabilities 


Ratio 




Deposits 


Notes 




1 


2 














1948 


531 


181 


711 


6,547 


10.9 


1949 


550 


196 


746 


7,178 


10.4 


1950 


548 


207 


755 


7,487 


10.1 


1951 


567 


225 


792 


7,759 


10.2 


1952 


606 


239 


844 


8,110 


10.4 


1953 


627 


256 


883 


8,624 


10.2 


1953-Jan. 


627 


279 


906 


8,426 


10.8 


Feb. 


645 


244 


889 


8,296 


10.7 


Mar. 


644 


239 


883 


8,407 


10.5 


Apr. 


622 


246 


869 


8,618 


10.1 


May 


634 


246 


880 


8,699 


10.1 


June 


610 


255 


865 


8,529 


10.1 


July 


621 


254 


875 


8,685 


10.1 


Aug. 


619 


256 


874 


8,669 


10.1 


Sept. 


617 


260 


878 


8,651 


10.1 


Oct. 


632, 


256 


889 


8,787 


10.1 


Nov. 


628 


264 


892 


8,935 


10.0 


Dec. 


629 


267 


896 


8,787 


10.2 


1954-Jan. 


627 


290 


917 


8,871 


10.3 


Feb. 


640 


254 


894 


8,945 


10.0 


Mar. 


652 


249 


902 


8,686 


10.4 


Apr. 


623 


248 


871 


8,745 


10.0 


May 


628 


257 


885 


8,818 


10.0 


June 


635 


261 


896 


8,857 


10.1 


July* 


555 


278 


832 


8,9101 


9.3 2 


Aug. 


524 


268t 


793{ 


8.929J 


8.9 


Sept.* 


511 


283 


794 


9,002 


8.8 





























Millions of Dollars 










II 


. LIABILITIES! 














Advances 
from Bank 
of Canada 




Canadian Dollar Deposits! 


Foreign 
Currency 
Deposits 

t 


Acceptances, 
Guarantees, 
& Letters 
of Credit 


All 

Other 

Liabilities 


Shareholders 
Equity 

4 


Total 
Liabilities 

t 




Govt. 

of 
Canada 


Provincial 
Govern- 
ments 


Personal 
Savings 


Other 
Notice 


Other 

Banks 

3 


Public 
Demand 


Total 

t 




As at Dec. 31 






























1948 


- 


236 


149 


3,752 


305 


80 


2,550 


7,072 


868 


206 


26 


346 


8,517 


1948 


1949 


- 


164 


167 


4,086 


347 


70 


2,483 


7,317 


795 


164 


24 


353 


8,653 


1949 


1950 


- 


257 


158 


4,176 


383 


132 


2,874 


7,979 


835 


258 


10 


361 


9,443 


1950 


1951 


- 


88 


185 


4,296 


316 


95 


2,993 


7,973 


878 


225 


7 


375 


9,458 


1951 


1952 


- 


49 


214 


4,600 


325 


75 


3,373 


8,636 


905 


199 


7 


381 


10,128 


1952 


1953 


- 


473 


166 


4,756 


278 


69 


3,368 


9,111 


963 


155 


8 


419 


10,656 


1953 


End of 






























1953— Jan. 


- 


62 


173 


4,656 


289 


71 


3,056 


8,307 


878 


206 


9 


382 


9,782 


Jan.-1953 


Feb. 


- 


141 


157 


4,718 


290 


85 


3,055 


8,445 


926 


208 


7 


382 


9,968 


Feb. 


Mar. 


- 


190 


250 


4,765 


301 


87 


3,069 


8,662 


927 


209 


6 


382 


10,186 


Mar. 


Apr. 


- 


178 


204 


4,802 


305 


86 


3,224 


8,798 


938 


209 


9 


382 


10,336 


Apr. 


May 


- 


99 


187 


4,808 


292 


86 


3,168 


8,640 


937 


195 


8 


382 


10,163 


May 


June 


- 


98 


259 


4,829 


297 


89 


3,279 


8,851 


924 


187 


7 


382 


10,351 


June 


July 


- 


74 


168 


4,851 


301 


78 


3,162 


8,634 


906 


178 


10 


382 


10,110 


July 


Aug. 


- 


116 


137 


4,917 


289 


74 


3,255 


8,788 


897 


173 


8 


383 


10,248 


Aug. 


Sept. 


- 


80 


212 


4,943 


283 


82 


3,292 


8,892 


903 


172 


7 


385 


10,358 


Sept. 


Oct. 


- 


233 


151 


4,876 


271 


83 


3,299 


8,913 


917 


178 


14 


396 


10,418 


Oct. 


Nov. 


- 


525 


113 


4,790 


278 


72 


3,246 


9,024 


932 


166 


11 


413 


10,546 


Nov. 


Dec. 


- 


473 


166 


4,756 


278 


69 


3,368 


9,111 


963 


155 


8 


419 


10,656 


Dec. 


1954— Jan. 


10 


'486 


191 


4,808 


285 


69 


3,110 


8,950 


982 


159 


9 


421 


10,531 


ran.-1954 


Feb. 


10 


593 


143 


4,883 


279 


71 


3,018 


8,987 


964 


158 


8 


421 


10,548 


Feb. 


Mar. 


- 


276 


273 


4,959 


286 


70 


3,126 


8,990 


983 


160 


7 


421 


10,561 


Mar. 


Apr. 


- 


164 


206 


5,015 


297 


72 


3,106 


8,860 


1,019 


160 


11 


421 


10,472 


Apr. 


May 


15 


138 


170 


5,059 > 


318 


76 


3,214 


8,976 


995 


161 


10 


421 


10,579 


May 


June 


- 


164 


250 


5,109 


310 


78 


3,235 


9,146 


990 


155 


18 


421 


10,731 


June 


July 


- 


192 


129 


5,136 


337 


83 


3,153 


9,030 


990 


148 


28 


433 


10,629 


July 


Aug. 


' 


184 


125 


5,199 


336 


81 


3,178 


9,103 


990 


148 


27 


445 


10,712 


Aug. 













III. AS 


SETSf 






















Bank of 

Canada 

Deposits 

and 

Notes 


Canadian 

Day-to- 

Day 

Loans 


Government of Canada 
Direct and Guaranteed Securities 5 


Other Canadian Securities, Insured Residenti 


al Mortgages and Loans8 in Canada 




Canadian 

Dollar 

Items in 

Transit 

(Net) 


Foreign Cash Items, 
Securities & Loans 


Customers' 

Liability 

Under 

Acceptances. 

Guarantees, 

8t Letters 

of Credit 


All 
Other 
Assets 

n 


Total 
Assets 

t 






Other Canadian Securities! s 


Insured 
Residential 
Mortgages 




LoansS In Canadaf 


Total 

8 






Treasury 
Bills 


Other Maturities 


Total 






Provincial 
o, 7 


Municipal 
7 


Corpor- 
ate 


Total 

t 


Call& 

Short 
8 


Provincial 

7 


Municipal 
7 


Other 

9 


Total 

t 


Cash 
Items 

10 


Foreign 

Securities 

t 


Loans 
Outside 
Canada 






2 yrs. and 
under 


Over 
2 yrs. 




As at Dec. 31 


















































As at Dec. 31 


1948 


738 


- 


129 


656 


2,173 


2,959 


408 


140 


450 


998 


_ 


101 


83 


56 


2,078 


2,317 


3,315 


374 


250 


244 


318 


206 


113 


8,517 


1948 


1949 


753 


- 


126 


763 


2,224 


3,112 


408 


161 


382 


951 


_ 


133 


62 


72 


2,175 


2,442 


3,392 


306 


•276 


244 


280 


164 


124 


8,653 


1949 


1950 


810 


- 


129 


694 


2,256 


3,079 


385 


194 


402 


981 


_ 


134 


72 


84 


2,652 


2,941 


3,922 


431 


265 


196 


347 


258 


135 


9,443 


1950 


1951 


892 


- 


236 


499 


2,019 


2,754 


321 


167 


393 


881 


_ 


107 


68 


94 


2,901 


3,171 


4,052 


512 


254 


206 


409 


225 


154 


9,458 


1951 


1952 


899 


- 


138 


869 


1,777 


2,784 


304 


159 


370 


834 


_ 


155 


79 


97 


3,189 


3,519 


4,353 


752 


283 


262 


435 


199 


160 


10,128 


1952 


1953 


888 


- 


244 


482 


2,034 


2,760 


280 


152 


341 


773 


- 


154 


65 


96 


3,791 


4,105 


4,878 


751 


280 


244 


540 


155 


160 


10,656 


1953 


1953-Jan. 


817 


- 


219 


861 


1,783 


2,863 


295 


158 


358 


811 




135 


43 


107 


3,178 


3,463 


4,273 


490 


273 


273 


425 


206 


163 


9,782 


Jan.-1953 


Feb. 


860 


~ 


265 


884 


1,791 


2,940 


288 


161 


361 


810 


_ 


141 


38 


116 


3,182 


3,477 


4,287 


522 


281 


257 


451 


208 


163 


9,968 


Feb. 


Mar. 


833 


- 


288 


784 


1,951 


3,024 


291 


162 


345 


798 




140 


20 


129 


3,263 


3,551 


4,349 


630 


314 


243 


421 


209 


164 


10,186 


Mar. 


Apr. 


879 


- 


283 


768 


1,987 


3,038 


292 


165 


368 


825 


_. 


152 


22 


130 


3,373 


3,677 


4,502 


543 


299 


255 


447 


209 


164 


10,336 


Apr. 


May 


805 


— 


321 


584 


2,009 


2,915 


303 


163 


368 


834 




138 


20 


120 


3,402 


3,681 


4,515 


568 


303 


259 


441 


195 


161 


10,163 


May 


June 


887 


- 


267 


594 


1,992 


2,854 


300 


161 


369 


830 




123 


18 


100 


3,469 


3,709 


4,540 


720 


291 


261 


448 


187 


163 


10,351 


June 


July 


861 


- 


253 


656 


1,877 


2,787 


291 


161 


362 


814 




125 


11 
13 
23 
39 

60 
65 


101 


3,543 


3,780 


4,594 


550 


280 


265 


432 


178 


164 


10,110 


July 


Aug. 


865 


- 


282 


654 


1,877 


2,813 


291 


160 


363 


814 




135 


105 


3,621 


3,875 


4,689 


558 


288 


251 


446 


173 


165 


10,248 


Aug. 


Sept. 


879 


- 


282 


676 


1,884 


2,843 


289 


158 


356 


803 




110 


113 


3,648 


3,894 


4,699 


630 


288 


259 


424 


172 


167 


10,358 


Sept. 


Oct. 


945 


- 


195 


613 


1,917 


2,726 


289 


158 


350 


798 




144 


110 


3,719 
3,857 


4,012 


4,810 


624 


270 


236 


467 


178 


163 


10,418 


Oct. 


Nov. 


882 


- 


221 


474 


2,035 


2,730 


281 


154 


344 


780 




152 


108 


4,177 


4,957 


638 


266 


231 


513 


166 


163 


10,546 


Nov. 


Dec. 


888 


- 


244 


482 


2,034 


2,760 


280 


152 


341 


773 


- 


154 


96 


3,791 


4,105 


4,878 


751 


280 


244 


540 


155 


160 


10,656 


Dec. 


1954-Jan. 


860 


- 


282 


519 


2,051 


2,853 


268 


152 


343 


764 




143 


54 
32 

6 
9 
6 


105 


3,814 
3,825 
3,756 
3,777 
3,778 
3,7529 


4,116 


4,879 


560 


254 


284 


521 


159 


161 


10,531 


Jan.-1954 
Feb. 


Feb. 


878 


- 


278 


507 


2,066 


2,851 


268 


153 


345 


766 




197 


116 


4,170 


4,936 


536 


262 


247 


518 


158 


162 


10,548 


Mar. 


903 


- 


292 


1,270 


1,213 


2,776 


261 


151 


342 


754 




167 


140 


4,069 


4,823 


662 


295 


242 


538 


160 


163 


10,561 


Mar. 


Apr. 


873 


- 


287 


1,207 


1,278 


2,772 


259 


152 


335 


746 




144 


142 


4,072 


4,818 


614 


272 


260 


541 


160 


163 


10,472 


Apr. 


May 


847 


- 


266 


1,157 


1,367 


2,790 


264 


151 


334 


748 




215 


141 


4,141 


4,889 


667 


284 


241 


536 


161 


164 


10,579 


May 
June 
July 
Aug. 


June 


852 


56 


303 


784 


1,706 


2,793 


268 


146 


330 


745 


1 


183 




153 


4,092 


4,837 


784 


279 


265 


542 


155 


169 


10,731 


July 


762 


68 


. 361 


976 


1,722 


3,060 


268 


160 


328 


755 


4 


143 


9 
18 


134 


3,781 
3,776 


4,067 


4,826 


505 


278 


281 


532 


148 


170 


10,629 


Aug. 


790 


52 


401 


984 


1,785 


3,169 


258 


161 


326 


745 


11 


122 


123 


4,039 


4,795 


508 


255 


305 


516 


148 


174 


10,712 


ir For periods t 
From July 1 
Bank of Can 
shown while 
are averages 
Wednesday 

t The classific 
the Bank Ac 


rior to July 
354, in acco 
ada deposit 
Bank of Ca 
of the 4 cor 
n the prevk 
ition of cha 
t of 1954. 


1954 all figu 
rdance with 
3 are average 
nada notes ai 
secutive Wee 
us month, 
rtered bank 
Figures for t 


es in this sec 
section 71 of 
s of the juric 
d Canadian 
nesdays end 

assets and Ue 
le end of Ju 


ion are dail 
the Bank A 
ica! days in 
dollar deposi 
ng with the 

bilities was 
y 1954 are t 


/ averages. 
ct of 1954, 
the month 
t liabilities 
second last 

revised by 
n the new 


basis a 
have 1 

1. From 
not St 

2. Prior 
cent f 
per ce 

3. Main! 


nd, except fo 
een made to 
July 1954 th 
ictly compar 
o July 1st. 
3r each day; 
it, calculated 
/ deposits of 


"Other Loar 
put figures 
e figures are 
able with the 
1954, the sta 
since that c 
as described 
foreign banks 


s in Canac 
or earlier 
not adjust 
figures in 
tutory mi 
ate it has 
in footnot 


a" (see foot 
dates on a c 
ed for item 
this section 
limum requ 
been a mo 
e*. 


note 9) adjustmt 
omparable basi 
in transit and 
for earlier peri 
irement was 5 
nthly average < 


nts 

3. 

)ds. 
per 
f 8 


4. 
5. 
6. 
7. 

8. 
9. 


Capital, rest fund, and undivided profits as at the latest fiscal year-end. 

ncluding issues payable in foreign currency. 

ncludes securities guaranteed by provincial governments, 
securities purchased direct from issuer with a term of less than one year 
it time of issue are classified as loans. 
Excluding Canadian day-to-day loans. 

Figures for June 30, 1954 and later are not adjusted for items in transit 
ind are not strictly comparable with those for earlier dates. The figure 


for June 30, 1954, after adjustment for items in transit, was 3,789. 
10 Includes deposits with other banks in foreign currencies, foreign bank 
notes, gold and coin outside Canada and foreign currency items in transit 

11. Includes bank premises, shares of and loans to controlled corporations, 
gold and coin in Canada. Canadian dollar deposits with other banks, 
non-current loans and other assets. 
* Preliminary. J Revised. 



165 



SEPTEMBER 1954 



SEPTEMBER 1954 



166 



CHARTERED BANKS 

Weekly estimates 1 

































Bank of 




































Millions of Dollars 












Millions of Dollars 




Bank of 
Canada 
Deposits 
& Notes 

* 


Canadian 

Day- to- 

Day 

Loans 


Govt, of Canada Direct 
& Guaranteed Securities 




Other Canadian Securities, 


Insured Residential Mortgages and Loans}: in Canada 






Canadian Dollar Deposits 


All 
Other 
Items 
(.net) 

7 






Other Canadian Securities 


Insured 
Residential 
Mortgages 


Loans| in Canada 


Total 

t 






Treasury 
Bills 


All 
Other 


Total 


Provincial 
2,3 


Municipal 

3 


Cor- 
porate 


Total 


Call& 
Short 


Provincial 
3 


Municipal Grain 

3 4 


Can. Svgs. 

Bonds 

5 


All 
Other 

6 


Total 


Personal 
Savings 


All 
Other 


Total 




Av. of Wednesdays 
1953— Aug. 


900 




268 


2,519 


2,787 


290 


160 


361 


811 


- 


135 


15 


99 


292 


36 


3,249 


3,826 


4,637 


4,879 


3,726 


8,605 


281 


Av. of Wednesdays 
Aug. —1953 


Sept. 


890 


_ 


288 


2,537 


2,825 


289 


158 


358 


805 


- 


119 


19 


108 


303 


25 


3,296 


3,870 


4,675 




4,927 


3,784 


8,711 


321 


Sept. 


Oct. 


909 


_ 


260 


2,538 


2,798 


290 


156 


348 


794 


- 


119 


24 


110 


337 


12 


3,346 


3,948 


4,742 




4,918 


3,853 


8,771 


322 


Oct. 


Nov. 


908 


_ 


199 


2,497 


2,696 


282 


151 


346 


779 


- 


169 


43 


106 


352 


102f 


3,344t 


4,116 


4,895 




4,788 


4,020 


8,808 


309 


Nov. 


Dec. 


903 


- 


234 


2,497 


2,731 


279 


152 


339 


770 


— 


153 


65 


103 


365 


173 


3,263 


4,122 


4,892 




4,744 


4,098 


8,842 


316 


Dec. 


1954 — Jan. 


940 


_ 


260 


2,522 


2,782 


270 


150 


340 


760 


- 


147 


59 


98 


416 


153 


3,223 


4,096 


4,856 




4,777 


4,045 


8,822 


244 


Jan. —1954 


Feb. 


908 


_ 


278 


2,568 


2,846 


268 


152 


341 


761 


- 


208 


41 


107 


419 


135 


3,247 


4,157 


4,918 




4,846 


4,038 


8,884 


212 


Feb. 


Mar. 


914 


_ 


282 


2,461 


2,743 


263 


151 


341 


755 


- 


172 


21 


127 


409 


117 


3,244 


4,090 


4,845 




4,931 


3,845 


8,776 


274 


Mar. 


Apr. 


901 


_ 


286 


2,478 


2,764 


255 


149 


336 


740 


- 


165 


11 


141 


405 


99 


3,240 


4,061 


4,801 




4,975 


3,748 


8,723 


257 


Apr. 


May 


904 


_ 


298 


2,494 ■ 


2,792 


261 


148 


332 


740 


- 


161 


9 


139 


401 


83 


3,280 


4,073 


4,813 




5,011 


3,766 


8,777 


268 


May 




887 


42 


281 


2,455 


2,736 


264 


147 


330 


741 


- 


231 


9 


144 


382 


66 


3,327 


4,159 


4,900 




5,092 


3,864 


8,956 


391 


June 
July 


July 


833 


57 


338 


2,576 


2,914 


262 


151 


331 


744 


2 


149 


9 


144 


396 


52 


3,359 


4,109 


4,855 




5,116 


3,781 


8,896 


237 


Aug. 


801 


69 


374 


2,716 


3,090 


259 


159 


329 


747 


6 


134 


12 


126 


415 


39 


3,345 


4,070 


4,823 




5,164 


3,835 


8,999 


216 


Aug. 


Sept. 


806 


58 


407 


2,806 


3,213 


256 


158 


325 


739 


16 


108 


21 


114 


399 


26 


3,350 


4,019 


4,774 




5,223 


3,880 


9,103 


252 


Sept. 


















































As at 


1954— July 7 


888f 


44 


321 


2,508 


2,830 


262 


144 


329 


735 


1 


170 


. 7 


153 


392 


57 


3,379 


4,157 


4,892 




5,115 


3,742f 


8,857f 


203\ 


7 July —1954 


14 


843t 


49 


337 


2,537 


2,874 


262 


146 


329 


737 


1 


151 


9 


153 


395 


54 


3,353 


4,115 


4,853 




5,107 


3,756 


8,864t 


245} 


14 


21 


816t 


47 


345 


•2,560 


2,905 


261 


159 


331 


751 


2 


134 


11 


139 


396 


50 


3,361 


4,091 


4,844 




5,121 


3,725f 


8,846f 


234} 


21 


28 


785 


90 


347 


2,700 


3,047 


263 


157 


331 


751 


3 


141 


9 


132 


399 


47 


3,344 


4,072 


4,825 




5,119 


3,901 


9,019 


272 


28 


Aug. 4 


783 


74 


360 


2,705 


3,065 


262 


159 


332 


753 


4 


141 


8 


129 


409 


44 


3,355 


4,085 


4,842 




5,164 


3,870 


9,034 


270 


4 Aug. 


11 


812 


73 


362 


2,703 


3,065 


262 


159 


327 


749 


6 


139 


11 


125 


418 


41 


3,354 


4,087 


4,841 




5,158 


3,816 


8,975 


184 


11 


18 


790 


78 


375 


2,719 


3,094 


256 


159 


326 


741 


7 


131 


14 


126 


414 


37 


3,334 


4,057 


4,805 




5,167 


3,814 


8,981 


214 


18 


25 


817 


53 


400f 


2,738 


3,138 


255 


160 


325 


739 


9 


126 


16 


123 


417 


34 


3,336 


4,053 


4,801 




5,167 


3,841 


9,008 


199 


25 


Sept. 1 


795 


46 


404 


2,768 


3,172 


256 


159 


324 


739 


11 


121 


15 


127 


415 


32 


3,338 


4,048 


4,798 




5,211 


3,870 


9,081 


270 


1 Sept. 


8 


813 


62 


395 


2,788 


3,183 


256 


158 


325 


739 


13 


104 


21 


109 


408 


29 


3,361 


4,031 


4,783 




5,222 


3,812 


9,034 


193 


8 


15 


798 


64 


393 


2,803 


3,197 


257 


158 


324 


739 


16 


106 


22 


108 


397 


27 


3,347 


4,006 


4,760 




5,231 


3,889 


9,120 


301 


15 


22 


819 


54 


412 


2,834 


3,246 


256 


158 


324 


738 


18 


102 


23 


112 


394 


24 


3,337 


3,992 


4,749 




5,223 


3,887 


9,109 


241 


22 


29 


806 


65 


430 


2,839 


3,269 


256 


157 


326 


740 


22 


106 


27 


114 


382 


21 


3,367 


4,017 


4,778 




5,229 


3,943 


9,172 


254 


29 


Oct. 6 


833 


101 


411 


2,809 


3,219 


261 


155 


327 


743 


26 


224 


22 


116 


376 


18 


3,397 


4,153 


4,922 




5.296 


4,035 


9,330 


256 


6 Oct. 


ir For data on cash reserves, see section 1 of ta 


)le on page 163. 2. Includes securities guaranteed by 


provincial governments. 




5. Loans to finance the purchase of Canada Savings Bonds at time of issue. 7. The net of all Canadian and foreigi 


asset and liability items not shown 


1. The dassification of chartered bank assets and Labilities was revised by the 3 . securities purchased direct from issuer with a term of less than 1 year at 
Bank Act of 1954. Figures for July 7, 1954 and later are on the new basis . . . ... . • . 

and adjustments have been made where necessary to put figures for earlier tlme 0l issue are classified as loans. 


6. The figures for "All Other" loans are not adjusted for items in transit and, elsewhere in the table. Changes in 
therefore, prior to june 30, 1954, are not on quite the same basis as those changes in cheques and other items i 


his total are normally mainly due to 
i transit. 


dates on a comparable basis. 


4. Loans to grain dealers and exporters. 






shown in section III of the table on pages 163 and 164. t Excluding Canadian day-to-day loans. T Revised. 




ACTIVE NOTE CIRCULATION 1 








CHARTERED BANKS: CANADIAN DEPOSIT LIABILITIES AND CASH RATIO 


MILLIONS OF DOLLARS 




MILLIONS OF DOLLARS 




MILLIONS OF DOLLARS 




MILLIONS OF DOLLARS 


1350 




MONTHLY AVERAGES O 


■ WEDNESOAY FIGURES 








1350 


10000 






MONTHLY 


AVERAGES OF DAILY FIGURES* 






IUUUU 




















9000 
















9000 




























in i "^ 








1250 










CANADIAN DEPOSIT LIABILITIES^^^ "" 








1250 


































19 


J2,," *^*^ 












8000 


















8000 
























































7000 




7000 


















1150 














1150 




% " 






^r 


^ CASH RATIO 










% 






19 


51^. 








<v Aa^ 


. y 


NJ 


^ , 


vs* 


II 
10 




\ 
















10 
9 


VVyV 


\r 


V 




\ 


9 




















1050 


1 I 


| | 


1 1 




1 




1050 







1 1 1 1 1 1 1 1 1 1 1 


1 1 1 1 1 1 


1 1 1 1 


1 1 1 1 1 1 1 1 1 1 1 


i i 1 i I 1 I I 1 1 1 


1 1 


1 1 1 1 1 1 1 II 







JAN. 






DEC. 




1950 1951 


1952 1953 


1954 






1. Ba 


nk of Canada 


notes in circu 


ation excludii 


ig those held 


by ch 


arterec 


banks. 


















• See 


footnote -k 


on page 163. 





























167 



Millions of Dollars 



SEPTEMBER 1954 

GENERAL PUBLIC HOLDINGS 

Currency, Bank Deposits and 

Bank of 



1. CANADIAN DOLLAR CURRENCY AND BANK DEPOSITS HE 



SEPTEMBER 1954 

OF CERTAIN LIQUID ASSETS* 

GOVERNMENT OF CANADA SECURITIES 

Canada 



LP BY THE GENERAL PUBLIC, AND RELATED BANK ASSETS 



168 



Millions of Dollars 





Currency and Active Bank Deposits 


Inactive 

Chartered 

Bank 

Notice 
Deposits 


Total 

Currency 

and 

Bank 
Deposits 

Total 
Related 




Related Bank Assets 












Currency 
Outside Banks 


Active Bank Deposits i 


Total 

Currency 

and 

Active 

Bank 


Government of Canada debt 

held by Bank of Canada 

and Chartered Banks 


Other Related Bank Assets 3 






Chartered Banks 


Bank of 
Canada 
"Other" 


Total 


Chartered Bank Can. Loans 
and non-Govt. Securities 


Bk. of Can. 
Gold and 
Exchange 


Less: 

All 

Other 


Total 












Public 




Other 
excl. 


Total 


Less: 


Net 








Less: Govt. 


Net 


Canadian 










Notes 


Coin 


Total 


Demand 


Notice 


Govt, of 
Canada 


Float 


Total 


Deposits 




Deposits 


2 


Bank 

Assets 


Total 


Deposits 
4 


Total 


Loans 
5 


Securities 
6 


Total 


holdings 
(net) 


(net) 

7 






as at Dec. 31 
1951 


1,191 


84 


1,275 


2,993 


717 


281 


3,992 


490 


3,502 


66 


3,568 


4,843 


3,894 


8,737 


4,945 


182 


4,763 


3,171 


881 


4,052 


49 


125 


3,974 


as at Dec. 31 
1951 


1952 


1,289 


88 


1,377 


3,373 


796 


289 


4,458 


706 


3,751 


45 


3,796 


5,173 


4,129 


9,302 


5,011 


65 


4,946 


3,519 


834 


4,353 


2 


-1 


4,356 


1952 


1953 


1,335 


94 


1,429 


3,368 


823 


236 


4,427 


752 


3,675 


30 


3,705 


5,134 


4,211 


9,345 


5,030 


525 


4,505 


4,105 


773 


4,878 


3 


41 


4,840 


1953 


End of 
1953 — May 


1,307 


91 


1,398 


3,168 


832 


273 


4,273 


607 


3,666 


72 


3,738 


5,136 


4,268 


9,404 


5,101 


144 


4,957 


3,681 


834 


4,515 


2 


68 


4,447 


End of 
May-1953 


June 
July 
Aug. 
Sept. 
Oct. 


1,290 


88 


1,378 


3,279 


835 


347 


4,462 


708 


3,753 


83 


3,836 


5,214 


4,291 


9,505 


5,112 


146 


4,966 


3,709 


830 


4,540 


2 


3 


4,539 




1,333 


92 


1,425 


3,162 


839 


246 


4,247 


587 


3,661 


69 


3,730 


5,155 


4,313 


9,468 


5,077 


117 


4,960 


3,780 


814 


4,594 


2 


88 


4,508 


July 


1,302 


92 


1,394 


3,255 


851 


212 


4,317 


589 


3,728 


35 


3,763 


5,157 


4,355 


9,512 


5,058 


183 


4,875 


3,875 


814 


4,689 


2 


54 


4,637 


Aug. 


1,291 


92 


1,383 


3,292 


855 


294 


4,441 


627 


3,815 


38 


3,853 


5,236 


4,371 


9,607 


5,053 


95 


4,958 


3,894 


803 


4,699 


2 


50 


4,649 




1,345 


94 


1,439 


3,299 


844 


234 


4,376 


656 


3,721 


37 


3,758 


5,197 


4,304 


9,501 


5,008 


237 


4,771 


4,012 


798 


4,810 


22 


100 


4,730 


Oct. 




1,303 


94 


1,397 


3,246 


829 


185 


4,260 


677 


3,584 


43 


3,627 


5,024 


4,239 


9,263 


5,004 


575 


4,429 


4,177 


780 


4,957 


2 


125 


4,834 


Nov. 


Dec. 


1,335 


94 


1,429 


3,368 


823 


236 


4,427 


752 


3,675 


30 


3,705 


5,134 


4,211 


9,345 


5,030 


525 


4,505 


4,105 


773 


4,878 


3 


41 


4,840 


Dec. 


1954— Jan. 


1,293 


93 


1,386 


3,110 


832 


260 


4,202 


583 


3,619 


29 


3,648 


5,034 


4,261 


9,295 


5,061 


535 


4,526 


4,116 


764 


4,879 


2 


112 


4,769 


Jan.-1954 


Feb. 


1,305 


93 


1,398 


3,018 


845 


214 


4,077 


556 


3,521 


34 


3,555 


4,953 


4,317 


9,270 


5,127 


719 


4,408 


4,170 


766 


4,936 


2 


76 


4,862 


Feb. 


Mar. 


1,270 


89 


1,359 


3,126 


858 


343 


4,327 


619 


3,710 


29 


3,739 


5,098 


4,387 


9,485 


4,965 


358 


4,607 


4,069 


754 


4,823 


1 


-54 


4,878 


Mar. 


Apr. 


1,325 


94 


1,419 


3,106 


868 


279 


4,253 


636 


3,618 


27 


3,645 


5,064 


4,444 


9,508 


5,044 


250 


4,794 


4,072 


746 


4,818 


3 


106 


4,714 


• Apr. 


May 


1,288 


94 


1,382 


3,214 


875 


246 


4,336 


681 


3,654 


30 


3,684 


5,066 


4,502 


9,568 


5,051 


282 


4,769 


4,141 


748 


4,889 


3 


93 


4,799 


May 


June 


1,326 


94 


1,420 


3,235 


884 


328 


4,447 


784 


3,663 


41 


3,704 


5,124 


4,535 


9,659 


5,064 


264 


4,800 


4,148 


745 


4,892 


26 


59 


4,859 


June 


July 


1,354 


95 


1,449 


3,153 


889 


212 


4,254 


505 


3,748 


31 • 


3,779 


5,228 


4,584 


9,813 


5,204 


242 


4,961 


4,134 


755 


4,890 


2 


40 


4,852 


July 


Aug. 


1,314 


94 


1,408 


3,178 


909 


207 


4,294 


508 


3,786 


32 


3,818 


5,226 


4,626 


9,852 


5 332 


234 


5,098 


4,091 


745 


4,836 


2 


84 


4,754 


Aug. 



2. GOVERNMENT OF CANADA SECURITIES 



Outstanding » 



Direct Funded Debt 



Unmatured 



Special 
Banking 
Issues 9 



1,400 
1,400 
1,400 

1,400 
1,400 
1,400 
1,400 
1,400 
1,400 
1,400 
1,400 

1,400 
1,400 
1,400 
1,400 
1,400 
1,400 
1,425 
1,445 



Other 

Market 
Issues 



12,225 
12,020 
12,090 

12,055 
12,055 
12,065 
12,075 
12,077 
12,092 
12,090 
12,090 

12,090 
12,090 
11,619 
11,619 
11,619 
11,622 
11,722 
11,722 



Non- 
market 
Debt 10 



1,194 
1,250 
1,632 

1,163 
1,143 
1,126 
1,109 
1,091 
1,167 
1,632 
1,632 

1,605 
1,585 
1,562 
1,539 
1,517 
1,494 
1,475 
1,457 



Total 



Matured 

and 

out- 
standing 



14,819 
14,670 
15,122 

14,618 
14,598 
14,591 
14,584 
14,568 
14,658 
15,122 
15,122 

15,095 
15,074 
14,582 
14,558 
14,536 
14,516 
14,622 
14,624 



21 
19 

19 

17 
17 
17 
18 
18 
19 
19 
19 

19 
20 
62 
51 
47 
71 
59 
53 



Total 



14,840 
14,689 
15,141 

14,635 
14,615 
14,608 
14,602 
14,586 
14,677 
15,141 
15,141 

15,114 
15,094 
14,644 
14,609 
14,583 
14,587 
14,681 
14,677 



Guar- 
anteed 

Un- 
matured 
Funded 
Debt 



Exchange 
rate ad- 
justment 



529 
528 
523 

528 
528 
527 
527 
527 
527 
527 
523 

523 
673 
673 
673 
673 
673 
673 
673 



-27 
-43 
-37 

-34 
-33 
-35 
-35 
-38 
-37 
-38 
-37 

-38 

-40 
-35 
-31 
-34 
-34 
-37 
-38 



Total 

(including 
exchange 
rate adjust- 
ment) 



15,342 
15,174 
15,627 

15,129 
15,110 
15,099 
15,093 
15,075 
15,166 
15,630 
15,627 

15,599 
15,727 
15,282 
15,251 
15,222 
15,226 
15,317 
15,312 



■^ The term General Public refers to holdings of non-residents as well as 
residents; for an approximate division between resident and non-resident 
holdings on a quarterly basis and of resident holdings between corporate 
and non-corporate holdings as at year-ends see pages 149-150. 

1. Total Canadian dollar deposits of the chartered banks and the Bank of 
Canada less: (a) Inactive chartered bank notice deposits which consist of 
the estimated aggregate minimum quarterly balances in chartered banks' 
personal savings deposits in Canada plus other notice deposits; (b) Float, 
i.e. cheques and other items in transit (net); (c) Canadian dollar deposits 



DlSTRIB (JTION 12 



Bank 

of 

Canada 



2,191 
2,227 
2,270 

2,186 
2,258 
2,290 
2,245 
2,211 
2,282 
2,273 
2,270 

2,209 
2,276 
2,189 
2,272 
2,261 
2,270 
2,144 
2,163 



Chartered 
Banks 



2,754 
2,784 
2,760 

2,915 
2,854 
2,787 
2,813 
2,843 
2,726 
2,730 
2,760 

2,853 
2,851 
2,776 
2,772 
2,790 
2,793 
3,060 
3,169 



of the Government of Canada at the chartered banks and the Bank of 
Canada (shown in "Related Bank Assets" section); (d) Canadian dollar 
deposits of the chartered banks at the Bank of Canada. 
See footnote 1 (a). 

Net assets of the chartered banks and Bank of Canada other than Govern- 
ment of Canada Securities. 
See footnote 1 (c). 

For estimated quarterly classification of Canadian loans see page 125. 
Provincial. Municipal and Corporate securities. 



Govern- 
ment 
Accounts 



1,009 
1,101 
1,314 

1,18316 

1,207 

1,220 

1,236 

1,251 

1,262 

1,271 

1,314 

1,304 
1,261 
1,151 
1,139 
1,137 
1,142 
1,147 
1,155 



General 
Public 



9,388 
9,062 
9,283 

8,845 
8,791 
8,802 
8,799 
8,770 
8,896 
9,356 
9,283 

9,233 
9,339 
9,166 
9,068 
9,034 
9,021 
8,966 
8,825 



3 


TOTAL OF CERTAIN LIQUID ASSETS HELD BY THE GENERAL PUBLIC, 








AND RELATED FACTORS 










LIQUID ASSETS 




Total 


Related Factors 














Liquid 


















Bank 

Assets 

other than 

Govt, of 






Currency 
and 

Active. 

Bank 
Deposits 


Inactive 
Char- 
tered 
Bank 


Govt, of Canada 
Securities 


Assets 

Total 
Related 


Govt, of 
Can. Debt 
less Govt. 
Deposits & 




Market 


Non- 






Notice 
Deposits 


Issues 
13 


market 
10 


Total 


Factors 


Securities 

14 


holdings of 
Govt. Accts 




















as at Dec. 31 


4,843 


3,894 


8,194 


1,194 


9,388 


18,125 


3,974 


14,151 


1951 


5,173 


4,129 


7,812 


1,250 


9,062 


18,364 


4,356 


14,008 


1952 


5,134 


4,211 


7,651 


1,632 


9,283 


18,628 


4,840 


13,788 


1953 

End of 

May-1953 


5,136 


4,268 


7,682 


1,163 


8,845 


18,249 


4,447 


13,802 


5,214 


4,291 


7,648 


1,143 


8.791 


18,296 


4,539 


13,757 


June 


5.155 


4,313 


7,676 


1,126 


8,802 


18,270 


4,508 


13,762 


July 


5,157 


4,355 


7,690 


1,109 


8,799 


18,311 


4,637 


13,674 


Aug. 


5,236 


4,371 


7,679 


1,091 


8,770 


18,377 


4,649 


13,729 


Sept. 


5,197 


4,304 


7,729 


1,167 


8,896 


18,397 


4,730 


13,667 


Oct. 


5,024 


4,239 


7,724 


1,632 


9,356 


18,619 


4,834 


13,785 


Nov. 


5,134 


4,211 


7,651 


1,632 


9,283 


18,628 


4,840 


13,789 


Dec. 


5,034 


4,261 


7,628 


1,605 


9,233 


18,528 


4,769 


13,759 


Jan.-1954 


4,953 


4,317 


7,754 


1,585 


9,339 


18,609 


4,862 


13,747 


Feb. 


5,098 


4,387 


7,604 


1,562 


9,166 


18,651 


4,878 


13,773 


Mar. 


5,064 


4,444 


7,529 


1,539 


9 068 


18,576 


4,714 


13,862 


Apr. 


5,066 


4,502 


7,517 


1,517 


9,034 


18,602 


4,799 


13,803 


May 


5,124 


4,535 


7,527 


1,494 


9,021 


18,680 


4,859 


13,820 


June 


5,228 


4,584 


7,491 


1,475 


8,966 


18,779 


4,852 


13,928 


July 


5,226 


4,626 


7,368 


1,457 


8,825 


18,677 


4,754 


13,923 


Aug. 



7. Net of all related asset and liability items of the chartered banks and Bank 
of Canada which are not shown elsewhere in this table; includes foreign 
currency items and shareholders equity. 

8. Net of sinking fund holdings (except as noted in footnote 16). 

9. Treasury Bills; Deposit Certificates and short-term notes issued directly 
to the Bank of Canada and chartered banks. 

10. Refundable Tax, War Savings Certificates and Canada Savings Bonds. 

11. Adjustment necessary to change value of foreign pay securities from £l = 
4.86$ U.S. = 4.86 J- Cdn. to current rates of exchange. Official mid-rates oi 
exchange have been used to September 30, 1950 and market rates thereafter. 



at year-ends see November 1953 Statistical Summary, pages 187-188. 

13. Including any special banking issues held by the general public. 

14. As shown in "Other Related Bank Assets", Section 1 above. 

15. The whole of the increase or decrease in Canada's foreign exchange 
reserves is embodied in the related factors. To the extent that such 
changes do not appear in Section 1, "Related Bank Assets", under the 
heading "Bank of Canada Gold and Exchange holdings (net)" they 
affect changes in Government of Canada Securities outstanding. 

16. Including 75 of bonds purchased in the New York market during May 1953 
which are held in a sinking fund account. 



169 



SEPTEMBER 1954 



GOVERNMENT BOND YIELDS AND TREASURY BILL RATES 

Bank of Canada 





Government of Canada 






Theoreticals i 






15th of Each Month 




15 Yr. 


9 Yr. 


5 Yr. 


2 Yr. 




Bond 


Bond 


Bond 


Bond 


Annual Average 










1952 


3.59 


3.58 


3.22 


2.69 


1953 


3.68 


3.67 


3.56 


3.26 


Monthly 










1953— Feb. 


3.65 


3.62 


3.44 


3.08 


Mar. 


3.65 


3.56 


3.43 


3.11 


Apr. 


3.66 


3.56 


3.43 


3.14 


May 


3.69 


3.62 


3.48 


3.21 


June 


3.72 


3.72 


3.54 


3.28 


July 


3.72 


3.71 


3.57 


3.28 


Aug. 


3.73 


3.72 


3.64 


3.36 


Sept. 


3.75 


3.77 


3.65 


3.41 


Oct. 


3.72 


3.75 


3.66 


3.48 


Nov. 


3.67 


3.74 


3.71 


3.44 


Dec. 


3.61 


3.64 


3.61 


3.20 


1954— Jan. 


3.55 


3.57 


3.55 


3.03 


Feb. 


3.44 


3.32 


3.31 


2.70 


Mar. 


3.27 


3.22 


3.16 


2.47 


Apr. 


3.10 


2.99 


2.92 


2.22 


May 


3.06 


2.87 


2.72 


2.22 


June 


3.11 


2.94 


2.77 


2.28 


July 


3.02 


2.84 


2.60 


2.00 


Aug. 


3.00 


2.83 


2.58 


2.00 


Sept. 


3.02 


2.87 


2.51 


1.92 



Long Term 




Market Yields 


Average of Business Days 


Canada 


U.K. 


U.S.A. 


2 


3 


4 


3.54 


4.23 


2.64 


3.66 


3.86 


2.88 


3.60 


4.09 


2.77 


3.60 


3.97 


2.85 


3.62 


3.87 


2.90 


3.64 


3.83 


3.05 


3.70 


3.85 


3.11 


3.72 


3.89 


2.98 


3.73 


3.83 


2.96 


3.73 


3.74 


2.93 


3.70 


3.68 


2.75 


3.65 


3.68 


2.77 


3.61 


3.70 


2.71 


3.53 


3.63 


2.61 


3.43 


3.62 


2.53 


3.22 


3.59 


2.43 


3.04 


3.54 


2.37 


3.01 


3.49 


2.44 


2.99 


3.41 


2.45 


2.88 


3.36 


2.35 


2.85 


3.27 


2.37 


2.87 


3.26 


2.43 



Tender Rates on 3 Month 


Treasury Bills 


Tender nearest 15th of Month 


Canada 


U.K. 


U.S.A. 


1.076 


2.167 


1.795 


1.688 


2.284 


2.006 


1.473 


2.432 


1.993 


1.503 


2.232 


2.098 


1.528 


2.415 


2.219 


1.530 


2.383 


2.271 


1.699 


2.368 


2.229 


1.759 


2.365 


2.106 


1.795 


2.368 


2.116 


1.911 


2.150 


1.957 


1.929 


2.098 


1.438 


1.904 


2.097 


1.482 


1.877 


2.103 


1.682 


1.883 


2.132 


1.336 


1.741 


2.067 


1.024 


1.612 


2.111 


1.056 


1.56 


2.081 


1.066 


1.59 


1.707 


.813 


1.60 


1.582 


.633 


1.39 


1.559 


.701 


1.33 


1.594 


.898 


1.21 


1.649 


1.024 



1. Payable in Canada only. 2. Government of Canada 3% due 1 Sept., 1961-66. 3. United Kingdom 3% due IS Apr., 1959-69. 
4. U.S. Treasury 2\£% due IS Dec, 1963-68. It was not eligible for commercial banks before Dec. 1. 1952. 



YIELDS OF GOVERNMENT BONDS: CANADA, U.S.A. AND U.K. 



PERCENT 

1.5 



PERCENT 

1.5 




1945 



1946 



1947 



1948 



1949 



1950 



1951 



1952 



1953 



1954 



SEPTEMBER 1954 

FOREIGN EXCHANGE RATES ' 

Bank of Canada 
Canadian cents per unit 









Spot 


RATES 






90 Day 
Forward Rates 


Business 
Days 


U.S. Dollar 


£ Sterling 


Av. of Approx. 
Rates at Noon 2 




High 


Low 


Average 
Noon Rate 


High 


Low 


Average 
Noon Rate 


U.S. $ 


£ Sterling 


1951 


107.31 


101.19 


105.28 


300.50 


281.38 


294.68 


104.92 


294.71 


1952 


101.13 


95.88 


97.89 


281.25 


266.75 


273.40 


98.09 


272.26 


1953 


99.78 


96.75 


98.34 


280.94 


272.38 


276.66 


98.66 


277.02 


1953-Jan. 


97.38 


96.75 


97.05 


273.56 


272.38 


273.05 


97.49 


273.96 


Feb. 


98.44 


97.00 


97.73 


277.50 


273.44 


275.55 


98.10 


276.11 


Mar. 


98.63 


97.75 


98.33 


277.63 


275.31 


276.92 


98.50 


276.96 


Apr. 


98.63 


98.00 


98.37 


277.94 


275.69 


277.13 


98.54 


277.00 


May 


99.78 


98.66 


99.41 


280.94 


278.06 


279.80 


99.58 


279.51 


June 


99.63 


99.16 


99.44 


280.38 


278.88 


279.82 


99.63 


279.56 


July 


99.44 


98.94 


99.18 


279.88 


278.56 


279.29 


99.56 


279.55 


Aug. 


99.00 


98.69 


98.83 


278.81 


277.50 


278.25 


99.26 


278.80 


Sept. 


98.88 


97.78 


98.43 


277.69 


274.00 


275.94 


98.76 


276.34 


Oct. 


98.66 


97.75 


98.25 


276.75 


273.88 


275.76 


98.46 


275.98 


Nov. 


98.03 


97.38 


97.77 


275.56 


273.88 


274.89 


98.13 


275.64 


Dec. 


97.63 


97.00 


97.31 


274.44 


272.63 


273.52 


97.83 


274.86 


1954-Jan. 


97.56 


97.03 


97.29 


274.38 


272.88 


273.56 


97.78 


274.86 


Feb. 


97.13 


96.34 


96.65 


273.13 


271.13 


271.93 


97.14 


273.08 


Mar. 


98.19 


96.47 


97.08 


276.44 


271.50 


273.29 


97.43 


273.96 


Apr. 


98.75 


97.66 


98.25 


278.31 


275.06 


276.93 


98.85 


278.10 


Mav 


98.59 


98.06 


98.43 


278.00 


276.44 


277.48 


98.84 


278.44 


June 


98.47 


97.78 


98.13 


277.56 


275.63 


276.61 


98.53 


277.59 


July 


97.91 


97.09 


97.44 


275.94 


273.69 


274.59 


97.68 


275.18 


Aug. 


97.28 


96.78 


97.02 


274.06 


271.88 


272.95 


97.27 


273.59 


Sept. 


97.19 


96.78 


96.97 


272.69 


270.06 


271.65 


97.13 


272.06 



170 

OFFICIAL HOLDINGS OF 
GOLD AND U.S. DOLLARS ' 

mm. U.S. Dept. of Finance 



End 

of 

Period 


Gold 


U.S. 
Dollars 


Total 


1951 


841.7 


936.9 


1,778.6 


1952 


885.0 


975.2 


1,860.2 


1953 


986.1 


832.4 


1,818.5 


1953-Jan. 


888.5 


978.3 


1,866.8 


Feb. 


892.9 


944.2 


1,837.1 


Mar. 


905.8 


939.5 


1,845.3 


Apr. 


913.7 


930.0 


1,843.7 


May 


923.0 


838.2 


1,761.2 


June 


934.7 


815.4 


1,750.1 


July 


942.2 


813.5 


1,755.7 


Aug. 


951.0 


813.4 


1,764.4 


Sept. 


959.8 


827.5 


1,787.3 


Oct. 


968.3 


816.2 


1,784.5 


Nov. 


976.4 


830.3 


1,806.7 


Dec. 


986.1 


832.4 


1,818.5 


1954-Jan. 


997.5 


836.6 


1,834.1 


Feb. 


1,007.8 


845.7 


1,853.5 


Mar. 


1,015.7 


811.5 


1,827.2 


Apr. 


1,021.9 


788.6 


1,810.5 


May 


1,027.3 


794.9 


1,822.2 


June 


1,033.7 


829.6 


1,863.3 


July 


1,039.9 


852.9 


1,892.8 


Aug. 


1,046.4 


859.2 


1,905.6 


Sept. 


1,052.8 


845.8 


1,898.6 



1. Rates are as reported on transactions between banks in the exchange market. 

2. Prior to May 6, 1954 noon rates were not available and closing rates were used. 



Gold. U.S. dollars and short-term securities of the U.S. 
Gov't, held by the Exchange Fund Account, the Bank 
of Canada and other Gov't, of Canada accounts. 



UNITED STATES DOLLAR IN CANADIAN FUNDS 

SPOT RATES 



CANADIAN DOLLARS 



CANADIAN DOLLARS 




1950 



1951 



1952 



1953 



1954 



171 



SEPTEMBER 1954 



Millions of Dollars 



CONSUMER CREDIT OUTSTANDING l 
ESTIMATES OF SELECTED ITEMS 





Charge 
Accounts 


Instalment Credit 


Cash 
Personal 


Total of 




Retail 


Finance 




Selected 






Dealers 


Companies 


Total 


Loans 


Items 




2 


3 


4 




5 




1950 — June 30 


313 


138 


162 


300 


346 


959 


Sept. 30 


331 


145 


192 


337 


374 


1,042 


Dec. 31 


377 


170 


202 


372 


386 


1,135 


1951 — Mar. 31 


349 


143 


216 


359 


394 


1,102 


June 30 


357 


122 


224 


346 


400 


1,103 


Sept. 30 


357 


100 


215 


315 


386 


1,058 


Dec. 31 


402 


104 


186 


290 


388 


1,080 


1952 — Mar. 31 


353 


97 


176 


273 


385 


1,011 


June 30 


397 


136 


265 


401 


420 


1,218 


Sept. 30 


411 


179 


334 


513 


437 


1,361 


Dec. 31 


449 


239 


373 


612 


460 


1,521 


1953 — Mar. 31 


414 


230 


423 


653 


479 


1,546 


June 30 


436 


243 


520 


763 


526 


1,725 


Sept. 30 


434 


252 


545 


797 


547 


1,778 


Dec. 31 


467 


287 


512 


799 


569 


1,835 


1954 — Mar. 31f 


437 


274 


486 


760 


579 


1,776 


June 30* 


462 


277 


508 


785 


617 


1,864 



SOURCES: Dominion Bureau of Statistics, Department of Insurance, Department of Agriculture and Bank of Canada. 

1. Estimates of charge accounts and instalment receivables outstanding on the books of retail dealers do not include Newfoundland. 

2. Charge accounts receivable outstanding on the books of retail dealers. 

3. Instalment receivables outstanding on the books of retail dealers. 

4. Instalment paper held by sales finance and acceptance companies in connection with the financing of retail purchases of consumer goods. largely new and 
used automobiles. 

5. Includes estimated personal loans by chartered banks, small loan companies, licensed money lenders and credit unions. 
t Revised. * Preliminary. 



MILLIONS OF DOLLARS 

2000 
1500 
1000 

oil 

1951 1952 

MILLIONS OF DOLLARS 



CONSUMER CREDIT OUTSTANDING 

ESTIMATES OF SELECTED ITEMS 

QUARTERLY 













TOTAl 
OUTSTAN 


3ING / 












: 1 1 1 


1 1 1 


1 1 1 


1 1 1 



MILLIONS, OF DOLLARS 

950 



790 



1954 



225 



150 



75 



75 



QUARTERLY CHANGE 

P 
I 



1 



t 



z 



"Tl 



1951 



LI 



1952 






ml 



I 





INSTALMENT 
RETAIL DEA 
FINANCE CO* 








_ERS 1 f 
rfPANIEsA 




CASH PERS 
LOANS 

«• "" ""* *» — vti 


ONAL / 




< 
/ 

s 


• 




CHARGE 

ACCOUNTS 




1 1 1 


i i i 


! 1 1 


i i i 



630 



470 



310 



1951 



1952 



SEPTEMBER 1954 



172 



Thousands of Units 



NEW PASSENGER AUTOMOBILE STATISTICS f 

"Ward's Automotive Reports" and Dominion Bureau of Statistics 





Canadian Passenger 


Imports of New Passenger 




Domestic Retail 








Automobiles 


Automobiles 2 


Total 

Domestic 

Supply 


Sales 


Apparent 
Change 

in 
Stocks 

4 


Total 
Regis- 
trations 
(New and 
Used) 




Produc- 
tion 


Less: 
Exports 


Available 

for 
Domestic 

Market 


From 
U.S.A. 


From 
U.K. and 
all other 


Total 
Imports 


Total 


% 
Financed 

3 


Annual Totals 
1946 


91.9 


23.5 


68.4 


18.1 


.6 


18.6 


87.1 


77.7 


14.3 


+9.3 


1,234.0 


1947 


167.4 


41.6 


125.9 


33.6 


1.9 


35.5 


161.4 


159.2 


17.2 


+2.2 


1,370.2 


1948 


167.8 


27.3 


140.5 


2.8 


14.2 


17.0 


157.5 


145.7 


20.5 


+11.9 


1,496.8 


1949 


193.0 


17.5 


175.6 


3.6 


31.7 


35.3 


210.8 


202.3 


26.3 


+8.5 


1,672.4 


1950 


282.7 


24.1 


258.6 


3.2 


78.5 


81.7 


340.2 


324.9 


29.9 


+ 15.3 


1,907.2 


1951 


281.6 


37.2 


244.5 


14.1 


25.7 


39.8 


284.2 


275.7 


29.6 


+8.5 


2,097.6 


1952 


284.6 


41.7 


243.0 


13.8 


19.8 


33.7 


276.6 


292.1 


42.8 


-15.5 


2,296.4 


1953 
Quarterly 
1951 — I 


366.5 
91.7 


28.0 
3.6 


338.6 
88.1 


23.5 
6.0 


29.6 
8.4 


53.1 
14.3 


391.7 
102.4 


359.2 
97.8 


40.8 
23.2 


+32.5 
+4.6 


2,513.8 

* 


II 


85.8 


8.6 


77.3 


5.9 


16.7 


22.6 


99.9 


83.8 


26.9 


+16.1 


* 


III 


55.1 


11.0 


44.2 


1.6 


3.0 


4.6 


48.8 


53.8 


37.6 


-5.0 


* 


IV 


49.0 


14.1 


34.9 


.6 


-2.3 


-1.7 


33.2 


40.3 


40.3 


-7.1 


* 


1952 — I 


61.0 


17.9 


43.1 


2.9 


-.7 


2.2 


45.3 


54.9 


35.5 


-9.6 


* 


II 


85.2 


7.5 


77.6 


4.9 


7.0 


11.9 


89.5 


100.5 


39.4 


-11.0 


* 


III 


69.7 


6.7 


63.0 


3.0 


9.5 


12.5 


75.5 


69.9 


48.4 


+5.7 


* 


IV 


68.8 


9.5 


59.2 


3.0 


4.1 


7.1 


66.3 


66.9 


47.8 


-.5 


* 


1953 — I 


98.4 


6.6 


91.8 


5.8 


5.0 


10.8 


102.6 


93.0 


35.0 


+ 9.6 


* 


II 


109.5 


8.5 


101.0 


11.2 


14.6 


25.8 


126.8 


121.5 


38.2 


+5.2 


* 


III 


84.2 


5.8 


78.4 


4.6 


7.7 


12.3 


90.7 


79.1 


46.2 


+ 11.6 


* 


IV 


74.4 


7.0 


67.4 


1.8 


2.4 


4.2 


71.6 


65.5 


47.1 


+6.1 


* 


1954**— I 


104.7 


1.6 


103.1 


5.5 


4.2 


9.7 


112.8 


78.7 


35.1 


+34.2 


* 


II 


92.6 


3.3 


89.3 


7.5 


9.8 


17.3 


106.6 


106.9 


38.9 


-.3 


* 



1. Includes Newfoundland commencing in 1949. 2. Less re-exports, assumed to be entirely of other than U.S.A. origin. 3. Data on domestic retail sales 
financed include only financing through sales finance companies. 4. In the hands of manufacturers, wholesalers and retailers. A limited number of new 
automobiles pass into use without being reported in retail sales (e.g. dealers' demonstration models). Thus the "Apparent Change in Stocks" contains an upward 
bias which makes any cumulative estimate unreliable, especially over periods longer than one year. * Not available. ** Preliminary. 



THOUSANDS OF UNITS 

270 




PASSENGER AUTOMOBILE STATISTICS 1 

THOUSANDS OF UNITS UNITS 

270 225 



1936-39 
PERCENT 



100 



75 



50 



25 



AUTOMOBILES MORE THAN 5 YEARS OLD, 
— ESTIMATED PERCENTAGE OF TOTAL REGISTRATIONS 



210 175- 

150 125 

90 75 

30 25 

1946 47 46 49 SO 51 52 53 

PERCENT THOUS 

100 140 



75 105 - 




- 50 70 



25 35 




1936-39 



1. Include Newfoundland commencing in 1949. 2. Registered passenger automobiles more than 5 years old have been estimated on the 
basis of total registrations less total retail sales of new automobiles in the most recent 5 year period, i.e. no allowance has been made for 
possible non-registration of automobiles less than 5 years old. 3. Total domestic retail sales less increase in registrations. 



IM 



173 



SEPTEMBER 1954 



Millions of Dollars 



NATIONAL ACCOUNTS : QUARTERLY f 

DATA NOT SEASONALLY ADJUSTED 



Dominion Bureau of Statistics 



1952 



IV 



1953 



II 



III IV 



1954 



4 Qtrs. Ending 



June 30 
1953 



NATIONAL INCOME AND 
GROSS NATIONAL PRODUCT 

Wages, salaries & supplementary labour income . . 

Military pay and allowances 

Investment income 

Net income of unincorporated business: farm 2. . . 

other 3 . . . 

Net National Income At Factor Cost. 

Indirect taxes less subsidies 

Depreciation and similar business costs* 

Residual error of estimate 

G.N.P. At Market Prices 

G.N. P. less accrued net income of farm operators 



2,864 

74 

922 

170 

432 

4,462 

723 

574 
+71 

5,830 

5,660 



2,781 
70 

864 
30 

342 

4,087 

696 
534 

+4 

5,321 

5,291 



2,893 
77 

1,021 
106 
441 

4,538 

733 
575 
-57 

5,789 

5,683 



2,991 

79 

1,009 

1,323 

431 

5,833 

741 
592 

+59 

7,225 

5,902 



2,996 

83 

850 

190 

466 

4,585 

738 
635 

+57 

6,015 

5,825 



2,838 
84 

811 
66 

328 

4,127 

716 
566 

-44 

5,365 

5,299 



11,307 

290 

3,818 

1,730 

1,625 

18,770 

2,856 
2,225 

+7 

23,858 

22,128 



GROSS NATIONAL EXPENDITURE 

Personal expenditure on consumer goods & services 
Government expenditure on goods and services 5 . . 
Gross domestic investment °: housing 

non-residential construction 

machinery and equipment 

change in inventories: business 1 

other 1 

Exports of goods and services 8, 9 

Gross Available Supply 

Less: Imports of goods and services 9 

Residual error of estimate 

G.N.E. At Market Prices 



4,065 

1,180 

237 

420 

448 

-90 

-382 

1,500 

7,378 

1,477 
-71 

5,830 



3,478 

1,158 

190 

315 

484 

+ 123 

-244 

1,158 

6,662 

1,337 
-4 

5,321 



3,811 

889 

273 

417 

549 

+248 

-259 

1,404 

7,332 

1,600 
+57 

5,789 



3,662 

1,207 

302 

530 

482 

+ 124 

+991 

1,484 

8,782 

1,498 
-59 

7,225 



6,015 



3,579 

1,106 

209 

317 

444 

+88 

-238 

1,081 

6,586 

1,265 
+44 

5,365 



3,930 

867 

278 

393 

524 

+35 

-106 

1,278 

7,199 

1,431 
+69 

5,837 



14,849 
4,317 
923 
1,602 
1,947 
+295 
+208 
5,492 

29,633 

5,767 



23,858 



GROSS NATIONAL EXPENDITURE IN 
CONSTANT (1949) DOLLARS 

Personal expenditure on consumer goods & services. 
Government expenditure on goods and services 5 . . . 
Gross domestic investment 6: housing 

non-resident construction 

machinery and equipment 

change in inventories: business 

other 

Exports of goods and services 8, 9 

Gross Available Supply 

Less: Imports of goods and services 9 

Residual error of estimate 

G.N.E. At Market Prices 

PERSONAL INCOME AND EXPENDITURE 

Wages, salaries & supplementary labour income .... 

Less: Soc. ins. & Govt, pension fund contrib. 10 

Military pay and allowances 

Net income of unincorporated business n 

Int., div. & net rental income of persons 12 

Transfer payments to persons 13 

Personal Income 

Less: Personal direct taxes 14 

Personal Disposable Income 

Expenditure on goods: non-durables 

durables 

Expenditure on serv. (incl. net expenditures abroad) 

Personal saving: in farm inventories 

other 



3,480 

953 

190 

324 

380 

-67 

-416 

1,333 

6,177 

1,351 
-59 

4,767 



2,973 
921 
152 
239 

408 
+ 120 
-266 
1,020 

5,567 

1,224 
-3 

4,340 



3,283 

701 

217 

316 

460 

+200 

-306 

1,251 

6,122 

1,445 

+47 

4,724 



3,111 

955 

240 

403 

401 

+64 

+ 1,208 

1,337 

7,719 

1,367 
-48 

6,304 



3,583 
902 
236 
351 
337 
-78 
-344 
1,257 

6,244 

1,291 
-48 

4,905 



3,028 
845 
166 
236 
369 
+ 104 
-274 



5,460 

1,154 
+36 

4,342 



3,322 

653 

222 

297 

433 

+27 

-165 

1,157 

5,946 

1,288 

+57 

4,715 



12,716 
3,466 
740 
1,235 
1,643 
+299 
+354 
4,868 

25,321 

5,272 

-7 

20,042 



2,864 

94 

74 

738 

409 

347 

4,338 

334 

4,004 

2,494 

434 

1,137 

-435 

+374 



2,781 

94 

70 

336 

401 

441 

3,935 

358 

3,577 

1,910 
420 
1,148 
-269 
+368 



4,222 

416 

3,806 

2,131 
507 
1,173 
-184 
+ 179 



2,991 

97 

79 

1,718 

433 

359 

5,483 

323 

5,160 

2,141 
405 
1,116 
+882 
+616 



2,996 
101 
83 
687 
423 
368 

4,456 

335 

4,121 

2,543 
446 
1,225 
-378 
+285 



2,838 

95 

84 

390 

435 

481 

4,133 

340 

3,793 

1,972 
391 
1,216 
-196 
+410 



2,929 

97 

92 

589 

488 

395 

4,396 

385 

4,011 

2,205 

472 

1,253 

-72 

+ 153 



11,307 

370 

290 

3,405 

1,621 

1,494 

17,747 

1,416 

16,331 

8,614 
1,738 
4,497 
+ 151 
+ 1,331 



For footnotes see page 1 74. 



SEPTEMBER 1954 



174 



Dominion Bureau of Statistics 



NATIONAL ACCOUNTS : QUARTERLY ! 

SEASONALLY ADJUSTED AT ANNUAL RATES 15 



Millions of Dollars 



NATIONAL INCOME AND 
GROSS NATIONAL PRODUCT 

Wages, salaries and supplementary labour income. 

Military pay and allowances 

Investment income 

Net income of unincorporated business: farm 2. . . . 

other 3 . . . 

Net National Income At Factor Cost.. 

Indirect taxes less subsidies . 

Depreciation and similar business costs* 

Residual error of estimate 

G.N.P. At Market Prices 

G.N. P. less accrued net income of farm operators. 



1952 



III 



10,860 

276 

3,704 

1,740 

1,580 

18,160 

2,824 

2,168 

+44 

23,196 

21,456 



IV 



11,252 

296 

3,876 

1,816 

1,612 

18,852 

2,800 

2,188 

-36 

23,804 

21,988 



1953 



11,408 

280 

3,888 

1,672 

1,636 

18,884 

2,844 
2,236 
+204 

24,168 

22,496 



II 



11,672 

308 

3,856 

1,404 

1,680 

18,920 

2,940 

2,320 

-84 

24,096 

22,692 



III 



11,728 

316 

3,688 

1,668 

1,668 

19,068 

2,984 
2,368 
+ 196 

24,616 

22,948 



IV 



11,836 

332 

3,544 

1,852 

1,736 

19,300 

2,864 

2,420 

-64 




1954 



11,700 

336 

3,604 

1,40816 

1,572 

18,620 

2,916 

2,372 

+20 

23,928 16 

22,520 



IP 



11,816 

368 

3,668 

1,280 16 

1,576 

18,708 

2,920 
2,492 
-196 

23,924 16 

22,644 



GROSS NATIONAL EXPENDITURE 

Personal expenditure on consumer goods and services 
Government expenditure on goods and services 5. . . 
Gross domestic investment 6; housing. 

non-residential construction 

machinery and equipment 

change in inventories: business 7 

other ^ 

Exports of goods and services 8. 9 

Gross Available Supply 

Less: Imports of goods and services' 

Residual error of estimate 

G.N.E. At Market Prices 



14,532 
4,132 
812 
1 ,576 
1,956 
+84 
+ 108 
5,484 

28,684 

5,444 
-44 

23,196 



14,820 
4,396 
936 
1,620 
1,972 
+ 128 
+ 120 
5,584 

29,576 

5,812 
+40 

23,804 



14,996 
4,460 
1,020 
1,588 
2,028 
+304 
+404 
5,316 

30,116 

5,740 
-208 

24,168 



15,080 
4,320 
1,000 
1,660 
1,832 
+676 
-64 
5,564 

30,068 

6,056 

+84 

24,096 



15,192 
4,568 
1,044 
1,864 
2,044 
+492 
-20 
5,648 

30,832 

6,020 
-196 

24,616 



15,392 
4,284 
1,180 
1,792 
1,784 
+32 
+464 
5,152 

30,080 

5,624 
+64 

24,520 



15,396 
4,288 
1,104 
1,584 
1,820 
+ 164 
+60 
4,988 

29,404 

5,452 
-24 

23,928 



15,624 
4,200 
1,000 
1,552 
1,804 
-172 
+68 
5,068 

29,144 

5,420 
+200 

23,924 



PERSONAL INCOME AND EXPENDITURE 

Wages, salaries and supplementary labour income. 

Less: Soc. ins. and Govt, pension contrib. 10 

Military pay and allowances 

Net income of unincorporated business u 

Interest, dividends and net rental income of persons 12 
Transfer payments to persons 1 3 

Personal Income 

Less: Personal direct taxes 1* 

Personal Disposable Income 

Expenditure on goods: non-durables 

durables 

Expenditure on services (incl. net expenditure abroad) 

Personal saving: in farm inventories 

other 



10,860 

352 

276 

3,092 

1,560 

1,456 

16,892 

1,364 

15,528 

8,532 
1,624 
4,376 
+232 
+764 



11,252 

376 

296 

3,952 

1,564 

1,484 

18,172 

1,392 

16,780 

8,644 
1,724 
4,452 
+244 
+ 1,716 



11,408 

368 

280 

3,104 

1,648 

1,504 

17,576 

1,432 

16,144 

8,584 

1,872 

4,540 

-16 

+ 1,164 



11,672 

384 

308 

3,196 

1,668 

1,512 

17,972 

1,428 

16,544 

8,744 
1,720 
4,616 
-108 

+ 1,572 



11,728 

388 

316 

3,196 

1,788 

1,508 

18,148 

1,440 

16,708 

8,752 
1,756 
4,684 
-124 
+ 1,640 



11,836 

404 

332 

3,688 

1,652 

1,584 

18,688 

1,428 

17,260 

8,820 
1,764 
4,808 
+452 
+ 1,416 



11,700 

372 

336 
2,92816 
1,804 
1,640 

18,036 16 
1,388 

16,648 16 

8,832 

1,740 

4,824 

-9616 

+ 1,348 



11,816 

396 

368 

2,840 16 

1,884 

1,664 

18,176 16 

1,348 

16,828 16 

9,048 
1,620 
4,956 
-14016 
+ 1,344 



1. Quarterly figures are available back to the beginning of 1947. The sources 
are the D.B.S. publications: "National Accounts, Income and Expendi- 
ture, By Quarters, 1947-1952" and "National Accounts, Income and 
Expenditure, First Quarter, 1954 and Second Quarter, 1954". 

, Accrued net income of farm operators from farm production. This item 
includes the undistributed earnings of the Canadian Wheat Board, and 
an inventory valuation adjustment for grain held by the Board. 

. Includes net income of independent professional practitioners. 

. Includes an estimate of capital outlay charged to current account, the 
claim portion of fire insurance premiums, and bad debt allowances. 
Includes expenditure by Federal, Provincial and Municipal governments- 
Capital expenditure by government bodies other than public business 
enterprises, changes in inventories of government commodity agencies 
and the Defence Production Revolving Fund are included in this item. 
However, shipments under NATO of previously produced military 
equipment are excluded but expenditure for the replacement of new 
equipment is included. 

Includes capital expenditure by government business enterprises. 
Change in business inventories is the change in the book value. Change 
in "other inventories" is the value of the physical change in grain in 
commercial channels and inventories on farms. 

Excludes exports financed by Government of Canada expenditure on 
Mutual Aid and foreign relief. 
9. Minor adjustments have been made by D.B.S. to the figures of current 



5. 



8. 



receipts and payments as shown in the "Canadian Balance of Inter- 
national Payments" to achieve consistency with National Accounts 
concepts. 

10. Includes both employer and employee contributions. 

11. This differs from the corresponding component of G.N.P. in that it 
excludes undistributed earnings (and inventory valuation adjustment) 
of the Canadian Wheat Board. 

12. Includes all government debt interest paid to persons. 

13. See footnote 13 on page 110. 

14. Includes succession duties and miscellaneous taxes as well as personal 
income taxes. 

15. Note on Seasonal Adjustment: Except in the case of crop production 
seasonal adjustments are based on normal seasonal patterns, and the 
effects of abnormal seasonal influences, as well as of non-seasonal influences, 
are left in the seasonally-adjusted figures. In the case of crop production 
the annual value is divided equally between the four quarters of the 
calendar year. For further information see the D.B.S. publications named 
in footnote 1. 

16. The estimate of the 1954 grain crop used for seasonal adjustment is based 
on the latest available information at the beginning of September. The 
fall in estimated crop production from 1953 to 1954 more than accounts 
for the decline from 1953 to 1954 in the first and second quarter seasonally 
adjusted farm income items. 

* Subject to further revision. 






175 



SEPTEMBER 1954 



PRICE INDEXES 

"Prices and Price Indexes", Dominion Bureau of Statistics 
WHOLESALE PRICES CONSUMER PRICES 2 

Index 1935-39 = 100 Index 1949 = 100 





Total 
Index 

(Mid- 
Month) 


Raw and 
Partly 
Manu- 


Fully & 
Chiefly 
Manu- 


FARM PRODUCTS • 


Total 
Indes 

(1st of 
Month) 


Food 


Shelter 


Clothing 


Household 
Operation 


Other 
Com- 
modities 
& Services 




Field 


















100 


32 


15 


11 


17 


25 


Average of Months 


























1950 


211.2 


212.8 


211.0 


191.9 


281.4 


236.7 


102.9 


102.6 


106.2 


99.7 


102.4 


103.1 


1951 


240.2 


237.9 


242.4 


200.4 


336.9 


268.6 


113.7 


117.0 


114.4 


109.8 


113.1 


111.5 


1952 


226.0 


218.7 


230.7 


223.0 


277.5 


250.2 


116.5 


116.8 


120.2 


111.8 


116.2 


116.0 


1953 
Monthly 
1953— Feb. 


220.7 


207.0 


228.8 


175.1 


263.8 


219.5 


115.5 


112.6 


123.6 


110.1 


117.0 


115.8 


221.1 


208.0 


228.8 


196.6 


263.1 


229.9 


115.5 


112.7 


122.5 


109.6 


116.6 


116.7 


Mar. 


221.9 


209.9 


229.2 


191.9 


264.3 


228.1 


114.8 


111.6 


122.5 


109.7 


116.7 


115.2 


Apr. 


219.5 


205.6 


227.8 


187.6 


255.8 


221.7 


114.6 


110.9 


122.7 


109.7 


116.9 


115.0 


May 


220.0 


206.4 


228.2 


185.2 


263.2 


224.2 


114.4 


110.1 


122.9 


110.1 


116.6 


115.1 


June 


221.5 


207.2 


230.2 


184.5 


268.7 


226.6 


114.9 


111.4 


123.6 


110.1 


116.6 


115.1 


July 


221.0 


207.2 


229.3 


187.7 


265.3 


226.5 


115.4 


112.7 


123.9 


110.3 


117.0 


115.2 


Aug. 


222.2 


210.1 


229.7 


157.2 


269.9 


213.6 


115.7 


112.8 


124.1 


110.4 


117.2 


115.8 


Sept. 


221.2 


207.1 


229.8 


154.0 


263.7 


208.9 


116.2 


114.0 


124.2 


110.4 


117.4 


115.9 


Oct. 


220.4 


205.0 


228.8 


151.7 


265.3 


208.5 


116.7 


115.5 


124.5 


110.3 


117.5 


116.0 


Nov. 


218.7 


203.3 


228.0 


151.7 


258.0 


204.9 


116.2 


113.4 


125.0 


110.3 


117.4 


116.3 


Dec. 


219.0 


204.4 


227.6 


151.9 


261.6 


206.8 


115.8 


112.1 


125.2 


110.2 


117.4 


116.3 


1954— Jan. 


219.8 


206.5 


227.8 


152.5 


266.3 


209.4 


115.7 


111.6 


125.4 


110.1 


117.5 


116.4 


Feb. 


219.0 


205.1 


227.3 


152.9 


264.7 


208.8 


115.7 


111.7 


125.4 


110.0 


117.5 


116.5 


Mar. 


218.6 


204.3 


226.9 


151.3 


262.0 


206.7 


115.5 


110.7 


125.6 


109.8 


117.6 


116.6 


Apr. 


217.9 


205.7 


225.1 


150.6 


260.4 


205.5 


115.6 


110.4 


125.6 


109.9 


118.1 


117.2 


May 


218.2 


207.5 


224.5 


151.2 


268.0 


209.6 


115.5 


110.2 


125.8 


109.9 


117.3 


117.5 


June 


217.8 


206.7 


224.5 


151.9 


267.3 


209.6 


116.1 


112.0 


126.4 


109.7 


117.1 


117.5 


July 


217.4 


207.4 


223.6 


166.6 


262.1 


214.4 


116.2 


112.1 


126.6 


109.6 


117.2 


117.6 


Aug. 


215.8 


204.9 


222.3 


167.6 


248.2 


207.9 


117.0 


114.4 


127.0 


109.6 


117.2 


117.7 


Sept. 














116.8 


113.8 


127.2 


109.5 


117.2 


117.6 



An independent series with different weighting and different prices from 
those included in the "Total Index". Prices include subsidies. Prices used for 
western wheat, oats and barley are initial payments to farmers plus retro- 
active revisions to include participation payments as these are announced. 



2. Components were selected and weighted on the basis of 1948 urban family 
incomes ranging from $1,650 to $4,050 with incomes between $2,000 and 
$3,000 most common. 



Estimates in Thousands 



LABOUR FORCE STATUS OF THE POPULATION x 

"The Labour Force" , Dominion Bureau of Statistics, Department of National Defence 







At work 


At work less than 


With jobs but 








Total 








35 HOURS OR MORE 


35 HOURS 


NOT AT WORK 


Without 


Total 
Civilian 
Labour 

Force 




Civilian 

NON- 






K 














JOBS 

AND 

SEEKING 

WORK 


Not in 
Labour 
Force 


INSTITU- 
TIONAL 

Popula- 
tion 14 

YEARS OF 

AGE AND 

OVER 




In Wee 
Endinc 


Agri- 
culture 


Non- 
Agri- 
culture 


Usually 

work 
less than 
35 hrs. 


Usual 
35 hrs. 

Lay off 
and 
short 


y work 
or more 

Other 
reasons 


Lay-off 


Other 
reasons 


Armed 
Forces 












time 


2 


3 


4 


5 










1953— Jan. 


24 


687 


3,836 


198 


45 


78 


48 


121 


187 


5,200 


4,764 


9,964 


103 


Feb. 


21 


680 


3,838 


196 


41 


84 


52 


124 


179 


5,194 


4,786 


9,980 


104 


Mar. 


21 


719 


3,815 


195 


41 


89 


39 


122 


172 


5,192 


4,794 


9,986 


104 


Apr. 


18 


766 


3,879 


192 


30 


74 


27 


108 


165 


5,241 


4,761 


10,002 


105 


May 


16 


821 


3,899 


211 


32 


145 2 


11 


88 


114 


5,321 


4,685 


10,006 


105 


June 


20 


838 


4,050 


195 


28 


61 


10 


115 


90 


5,387 


4,633 


10,020 


105 


July 


18 


927 


3,880 


184 


28 


63 


13 


330 


90 


5,515 


4,522 


10,037 


105 


Aug. 


22 


908 


3,912 


168 


33 


72 


17 


305 


92 


5,507 


4,550 


10,057 


106 


Sept. 


19 


847 


4,049 


169 


35 


75 


13 


126 


84 


5,398 


4,682 


10,080 


106 


Oct. 


24 


776 


4,054 


182 


46 


58 


14 


110 


111 


5,351 


4,744 


10,095 


107 


Nov. 


21 


733 


3,981 


194 


60 


68 


27 


102 


151 


5,316 


4,791 


10,107 


107 


Dec. 


12 


702 


3,848 


186 


65 


1712 


26 


87 


190 


5,275 


4,840 


10,115 


107 


1954— Jan. 


23 


681 


3,784 


186 


65 


107 


24 


115 


280 


5,242 


4,887 


10,129 


110 


Feb. 


20 


700 


3,742 


194 


65 


95 


23 


99 


312 


5,230 


4,909 


10,139 


111 


Mar. 


20 


723 


3,736 


193 


71 


82 


21 


92 


318 


5,236 


4,912 


10,148 


113 


Apr. 


17 


752 


2,138 6 


203 


66 


1,686 6 


20 


89 


303 


5,257 


4,901 


10,158 


113 


May 


22? 


838 


3,891 


223 


51 


77 


10 


85 


217 


5,392 


4,842 


10,234 7 


114 


June 


19 


846 


3,980 


209 


54 


82 


* 


99 


185 


5,462 


4,778 


10,240 


114 


July 


24 


947 


3,637 


189 


39 


79 


* 


484 


172 


5,556 


4,698 


10,254 


114 


Aug. 


21 


953 


3,795 


175 


41 


102 


14 


315 


174 


5,569 


4,703 


10,272 


114 



1. Estimates based on a sample of about 30,000 households and therefore 
subject to sampling error which is relatively larger the smaller the estimate. 

2. Principal reasons are bad weather, illness, vacations and, at Christmas and 
Easter, observance of religious holidays. 

3. Includes only those who had definite instructions to return to their jobs 
within 30 days of date on which lay-off began. 

4. Principal reasons are illness and vacations. 

5. Includes persons who. though having jobs, did not work but sought work 
and those who would have sought work but were temporarily ill, on in- 



definite or prolonged lay-off, or believed no work was available. 

6. The unusually small number working 35 hours or more and the unusually 
large number working less than 35 hours was due to Good Friday being 
in the survey week. 

7. Commencing in May 1954, the coverage of the survey was increased 
to include representation for some of the remote areas not previously 
covered. The change was about 0.6 per cent for Canada as a whole in all 
characteristics. 

* Less than 10,000. 



SEPTEMBER 1954 



176 



EMPLOYMENT AND LABOUR INCOME 

"Employment and Payrolls", "Man-Hours and Hourly Earnings" and "Estimates of Labour Income", Dominion Bureau of Statistics 





EMPLOYMENT INDEXES l. 2 


AVERAGE HOURS WORKED l. i 


AVERAGE HOURLY 
EARNINGS 1.3. 4 






Indus- 
trial 
Composite 














Monthly 












Manu- 
facturing 


Con- 
struction 


Mining 


Manu- 
facturing 


Con- 
struction 


Mining 


Manu- 
facturing 


Con- 
struction 


Mining 


Labour 
Income 

4.5 




Index 1949 = 100 


Hours per week 


Cents 


Millions $ 


Monthly Average 
1950 


101.5 


100.9 


102.4 


105.5 


42.3 


39.9 


43.0 


103.6 


105.6 


121.4 


693 


1951 


108.8 


108.0 


110.2 


110.6 


41.8 


40.3 


43.1 


116.8 


117.6 


133.4 


810 


1952 


111.6 


109.3 


122.5 


116.8 


41.5 


41.7 


42.7 


129.2 


130.8 


147.1 


901 


1953 


113.4 


113.3 


118.6 


111.7 


41.3 


41.6 


42.7 


135.8 


143.7 


153.8 


972 


First of Month 

1953— Feb. 


110.3 


111.9 


101.9 


114.4 


41.9 


41.6 


43.0 


134.2 


142.3 


153.3 


923 


Mar. 


110.0 


112.7 


93.7 


113.4 


42.1 


42.3 


42.1 


134.4 


144.4 


152.9 


924 


Apr. 


110.0 


112.9 


95.9 


111.9 


42.1 


41.5 


41.8 


134.9 


145.6 


152.6 


946 


May 


110.9 


113.1 


108.5 


111.9 


41.8 


41.0 


42.4 


135.5 


144.3 


153.7 


966 


June 


112.4 


113.4 


119.0 


112.1 


41.7 


42.3 


43.1 


135.9 


142.9 


153.1 


981 


July 


114.9 


114.7 


127.5 


113.7 


41.3 


42.4 


42.9 


136.2 


141.9 


153.0 


983 


Aug. 


115.6 


114.4 


135.4 


114.7 


41.0 


43.0 


42.8 


136.0 


142.5 


152.7 


994 


Sept. 


116.6 


115.6 


139.6 


112.3 


41.0 


43.3 


43.0 


135.7 


143.0 


153.4 


1,014 


Oct. 


116.9 


115.2 


135.8 


108.8 


41.5 


43.4 


43.2 


136.6 


146.6 


154.8 


1,012 


Nov. 


115.9 


113.1 


131.5 


107.8 


41.4 


42.4 


43.0 


137.4 


146.5 


155.9 


996 


Dec. 


114.1 


110.9 


122.7 


105.1 


41.2 


41.6 


43.9 


138.4 


147.3 


157.3 


988 


1954— Jan. 


109.9 


108.0 


105.5 


103.6 


38.5 


35.1 


40.5 


140.4 


148.2 


158.3 


945 


Feb. 


107.0 


108.3 


91.7 


105.9 


40.7 


39.7 


42.6 


140.4 


151.5 


158.3 


950 


Mar. 


106.6 


108.3 


89.5 


108.5 


41.1 


41.6 


42.4 


140.6 


151.6 


157.5 


943 


Apr. 


105.6 


107.9 


89.2 


108.2 


40.9 


40.4 


41.6 


141.0 


152.8 


157.3 


954 


Mav 


106.2 


107.3 


98.2 


106.7 


40.6 


39.5 


42.1 


141.8 


151.3 


158.0 


975 


June 


109.0 


107.7 


no.ot 


108.7t 


39.8 


38.7 


42.7 


142.2 


148.6 


157.0 


1,000 


July 


111.7t 


108.8t 


117.1 


111.3 


40.5 


40.9 


42.8 


141.7 


147.6 


156.0 


1,010 


Aug.* 


112.1 


107.9 





















1. As reported by employers usually having 15 or more employees. Dated 
first of month and covering the last pay period in the previous month. 

2. Coverage, including salaried and part time workers, at July 1, 1954 was 
Industrial Composite 2.509,606; Manufacturing 1,131,856; Construction 
235.125; Mining 99,935. 

3. Include hourly rated wage earners only. 



4. Gross earnings before deductions for taxes, unemployment insurance, etc. 

5. Wages and salaries and includes bonuses and commissions, food, clothing, 
shelter and contributions to insurance, pensions, etc. provided by employer. 

* Preliminary, 
t Revised 



1935-39 = 100 



VOLUME OF INDUSTRIAL PRODUCTION 
INDEXES NOT SEASONALLY ADJUSTED 

"Canadian Statistical Review" , Dominion Bureau of Statistics 





Total 


Mining 


Manufacturing 


Electricity 




Total 


Non- 
Durables 


Durables 


AND 

Manufactured 
Gas 


Weighting 


100.0 


16.8 


75.6 


46.1 


29.5 


7.6 


Annual Average 














1949 


199.6 


131.7 


217.0 


198.2 


246.3 


176.1 


1950 


211.5 


145.4 


228.1 


208.3 


259.1 


190.9 


1951 


226.5 


161.8 


242.1 


214.0 


285.9 


214.2 


1952 


232.9 


174.7 


246.3 


215.2 


294.8 


228.8 


1953 


248.4 


185.8 


263.0 


224.1 


323.9 


241.9 


Monthly 














1953— Jan. 


232.1 


164.6 


245.6 


203.4 


311.6 


246.7 


Feb. 


242.0 


162.6 


258.3 


214.3 


327.0 


254.4 


Mar. 


246.8 


160.2 


265.6 


221.8 


334.1 


251.0 


Apr. 


254.6 


175.5 


270.9 


227.8 


338.4 


266.3 


May 


254.8 


180.4 


271.8 


230.3 


336.8 


250.0 


June 


257.5 


196.3 


273.3 


231.9 


338.1 


235.7 


July 


247.1 


206.5 


258.5 


219.5 


319.6 


223.4 


Aug. 


248.6 


201.1 


262.1 


230.5 


311.7 


218.4 


Sept. 


257.1 


212.2 


270.1 


235.1 


324.9 


226.7 


Oct. 


254.5 


200.0 


268.2 


232.5 


324.2 


237.7 


Nov. 


250.6 


194.1 


263.8 


230.7 


315.5 


244.4 


Dec. 


235.5 


176.0 


247.4 


210.8 


304.6 


248.0 


1954— Jan. 


229.1 


171.6 


240.2t 


202.lt 


299.7 


246.0 


Feb. 


239.4t 


181.8 


251.lt 


213.lt 


310. 5t 


250.6 


Mar. 


236.8t 


171.1 


250.0t 


214.8t 


305.1 


250.6 


Apr. 


242.4t 


182.9 


253. 6t 


219.lt 


307. 6t 


262.6 


Mav 


245.7t 


202.5 


254.lt 


225. 4t 


298.9t 


257.3 


June 


252.9* 


219.1 


260.3* 


233. 3t 


302.4* 


254.2 


July 


239.8* 


224.3* 


243.5* 


216.6* 


285.5* 


236.7 



t Revised. * Preliminary. 



177 



SEPTEMBER 1954 



SEPTEMBER 1954 . 



SELECTED AGRICULTURAL STATISTICS 1 : QUARTERLY 

Department of Agriculture, Board of Grain Co mm issioners and Dominion Bureau of Statistics 



178 





PRODUCTION 










Livestock 


Field Crops 


Dairying 


Eggs 

6 


D.B.S. 




Cattle 

and 

Calves 


Inspected Slaughterings 

Sheep 
Hogs and 
Lambs 


Total 


c-xports 

Cattle, Bacon and 
Calves Beef Ham 
and Veal 

(Dressed Weight) 


Wheat 


Oats Oats 


Barley 


Other Field Crops 
2 


Butter 
3 


Cheddar 
Cheese 


Concentrated 

Milk 

Products 

4 


Total 
Milkf 

5 


Index of 

Physical 

Volume of 

Agricultural 

Production 




Thousands of Head 


Millions of lbs. 


Mm. acres 


Mm. bus. 


Mm. acres Mm. bus. 


Mm. acres 


Mm. bus. 


Mm. acres 


Mm. bus. 


Millions of pounds 


Thous. of cases 


1035-39 = 100 


1951 — I 
II 
III 
IV 


360 
555 
432 
386 


1,105 

1,092 

866 

1,424 

4,488 

1,452 
1,530 
1,233 
2,019 

6,234 

1,306 

1,186 

856 

1,167 


60 

31 

137 

210 

439 

62 

52 

146 

253 

513 

77 

36 

185 

244 

543 

86 
45f 
182 


1,525 
1,679 
1,435 
2,021 

6,660 

1,831 
2,109 
1,836 
2,777 

8,553 

1,843 
1,821 
1,614 
1,997 


39 
66 
50 
35 

190 

8 
18 
29 
18 

73 

10 
13 
22 

11 

56 

19 

20 


3 
1 
1 
1 

6 

1 
1 
1 

1 

4 

1 
2 
3 
1 

7 

2 
2 








8 
8 

9 

8 




4 

4 

4 
4 




31 
92f 
112 

58 


5 
28 
40 
15 


55 
156 
149 

76 


2,502 
4,608 
4,933 
3,198 

15,310 

2,578 
4,748 
5,009 
3,328 

15,735 

2,789 
5,004 
5,110 
3,448 

16,425 

2,899 
5,063 


1,267 

1,293 

939 

1,206 

4,705 

1,600 
1,541 
1,048 
1,242 




Yearly Total 

1952 — I 

II 

III 

IV 


1,734 

317 
526 
457 
505 


25 


553 


12 488 


245 


115 


294f 

33 
lOOf 
117 

63 


89 

4 
23 
28 
12 


436 

61 
172 
161 

77 


151.2? 


Yearly Total 

1953— I 
II 
III 

IV 


1,805 

459 

598 

572 • 
586 


26 


688 


11 467 


291 


121 


314f 

38 
109f 
121 

64 


67 

6 
27f 
28 
13 


472 

62 
159f 
138 

80 


5,431 

1,428 
1,467 
l,057f 
1,263 


165.2 


Yearly Total 

1954 — I 
II 
III* 


2,216 

570 

673 1 
599 


4,516 

1,152 

l,108f 

968 


7,275 

1,808 

l,828f 

1,749 


26 

24 


614 
378** 


10 407 
10 365** 


262 
212** 


125 
117** 


333f 

41 
110 


74f 

6 
27 


440| 

68 
157 


5,215* 

1,548 
1,580 
1,278 


155.0 





PRICES 8 


FARM CASH AND NET INCOME FROM SALE OF FARM PRODUCTS 




D.B.S. Index 

of Farm Prices 

of Agricultural 

Products 

9 


Wholesale Prices 


By Products 


By Regions 






Wheat io 
(No. 1 Northern) 


Steers 

(Good up to 1000 

lbs., Toronto) 


Hogs 

(Grade Bl 

Dressed, Toronto) 


Butter 

12 


Cheddar 
Cheese 

13 


Participation 
Field and 
Crops Equalization 

Paymentsi* 


Livestock 


Dairy 

Products, 

Poultry and 

Eggs 


All 
Other 


Total 

Cash 

Income 


Maritimes 


Quebec 

and 
Ontario 


Western 
Provinces 


Total Cash 
Income 

(Incl. certain 
Govt.Pay'ts.Jis 


Total 

Net 

Income 




I.W.A. I _, TI 
ii Class II 


16 




1935-30 = 100 


Cents per bushel 


Dollars per cwt. 


Cents per pound 


Millions of Dollars 


1951 — I 
II 
III 
IV 


284.7 
295.3 
307.0 
300.3 


189.0 
191.5 
190.3 
187.3 


211.5 
229.7 
236.9 
242.2 


30.80 
33.12 
33.67 
33.84 


33.30 
34.34 
35.53 
29.03 


64.0 
61.6 
63.0 
64.5 


37.9 
36.0 
36.4 
36.1 


114 18 
140 165 
218 1 
335 129 


215 
241 
206 
235 


102 
161 
184 
191 


32 
50 

21 
60 


481 

757 
629 
949 


26 
29 
25 

41 


269 
308 
312 
334 


186 

420 
292 
574 


489 
758 
630 
950 




Yearly Total 

1952 — I 
II 
III 
IV 


296.8 

286.9 
273.8 
270.8 
257.3 


189.5 

180.2 
176.7 
173.4 
174.7 


230.1 

237.4 
223.6 
215.4 
223.6 


32.60 

29.12 
25.03 
25.80 
23.14 


32.85 

26.41 
25.60 
25.60 
25.60 


63.3 

66.5 
58.5 
57.3 
61.0 


36.6 

36.1 
30.2 
29.7 
30.4 


807 313 

195 49 
234t 15 
319t 1 
407t 159 


896 

156 
169 
151 
206 


638 

123 
162t 
182t 
177t 

644t 

127* 
173* 
192* 
180* 


163 

33 
50t 
16t 
23t 

122t 

32* 
46* 
21* 
55* 


2,816 

556 
630t 
669t 
973f 

2,827 

536* 
646* 
755* 
804* 


121 

27 
31t 
25t 
42f 

125t 

26* 
26* 
24* 
33* 


1,224 

266 

263 

294t 

308f 

l,131t 

255* 
256* 
288* 
281* 


1,471 

262 
335 
350t 
623t 

l,570t 

255* 
365* 
443* 
490* 


2,827 

558 

630 1 
671t 
973t 

2,832 

537* 

647* 
755* 
804* 


2,154 


Yearly Total 

1953 — I 
II 
III 

IV 


274.4f 

260.lt 
254.4t 
243. 7t 
231. 7t 

247. 5t 

233. 5t 
233.2 


176.2 

175.8 
178.3 
193.3 
191.2 


225.0 

218.7 
210.8 
202.3 
191.2 


25.15 

22.08 
19.62 
19.27 
18.90 


25.70 

26.21 
30.62 
33.81 
32.60 


60.8 

62.7 

58.1 
57.5 
60.2 


31.6 

31.4 
29.6 
28.1 
31.9 


l,155t 223 

216* 3 
195* » 73 
388* 9 
304* 88 


682 

158* 
160* 
146* 
178* 


1,901 


Yearly Total 

1954 — I 
II 
III* 


184.7 

184.0 
179.7 
170.1 


205.7 

184.0 
179.7 
170.1 


20.25 

17.97 
19.01 
20.63 


30.40 

34.61 
35.97 
28.75 


59.6 

61.0 
57.9 
57.5 


30.3 

32.5 
30.1 
30.5 


1,103* 1 172 

142* 28 
120* 31 


642* 

164* 
204* 


672* 

139* 
179* 


154* 

31* 
41* 


2,741* 

504* 
574* 


109* 

24* 
29* 


1,080* 

272* 
279* 


1,553* 

224* 
265* 


2,743* 

506* 
574* 


1,657* 



1. Exclude Newfoundland. 

2. Rye, flaxseed, buckwheat, mixed grains and shelled corn. 

3. Creamery, dairy and whey butter. 

4. Whole milk products and milk by-products. 

5. Total milk production by quarters does not include the milk equivalent 
of factory cheese other than cheddar included in the annual totals. 

6. Registered egg station gradings. 



7. Allowances made for the low quality of the 1951 western grain crop. 

8. Prices are quarterly and annual averages. 

9. Subject to upward revision when final western wheat, oats and barky 
prices are available for 1953-54 crop year. 

10. Basis in store Fort William-Port Arthur. 

11. Up to July 31, 1953 excludes 6 cents carrying charges, after that date 
carrying charges are included in the price quoted. 



12. No. 1 pasteurized, current receipts, price delivered. 

13. Ontario coloured, current receipts, price f.o.b. factory. 

14. Wheat participation and adjustment payments, oats and barley equali- 
zation payments and flax-seed adjustment payments. The wheat parti- 
cipation and adjustment payments for the years 1951, 1952 and 1953 
amounted to 271, 166 and 125 respectively. 



Payments under the Prairie Farm Assistance Act. 
Net Income is Cash Income plus income in kind plus increase in inven- 
tories on the farm less farm operating costs. 
Revised. 
Preliminary. 
As indicated on the basis of conditions on or about Sept. 1. 



179 



SEPTEMBER 1954 



Millions of Bushels Com 


piled from 


Handbook of 


Agrtcultura 


' Statistics, 1 


■'art I and 


'The Wheat 


Review, D.B 


5. 








Supplies 


Beginning of Period 




Less: 
Apparent 
Domestic 
Dis- 
appearance 


Available 
for 

Export 
and 

Carry- 
over 


Less: 

Exports 

of Wheat 

and 

Flour 

l 




Crop Year 
Beginning 
August 1 


Wheat 

in 
Canada 


Canadian 
Wheat in 

U.S. 
Positions 


Total 
Carry- 
over 


Crop 


Total 
Supplies 


End of 
Period 
Stocks 


1933/34 


210 


8 


218 


282 


500 


102 


398 


195 


203 


1934/35 


193 


10 


203 


276 


479 


100 


380 


166 


214 


1935/36 


202 


12 


214 


282 


496 


114 


381 


254 


127 


1936/37 


108 


19 


127 


219 


347 


100 


247 


210 


37 


1937/38 


33 


4 


37 


180 


217 


96 2 


121 


96 


25 


1938/39 


24 


1 


25 


360 


385 


123 


263 


160 


103 


1939/40 


95 


8 


103 


521 


624 


131 


493 


193 


300 


1940/41 


273 


28 


300 


540 


841 


129 


711 


231 


480 


1941/42 


448 


32 


480 


315 


795 


145 


650 


226 


424 


1942/43 


405 


19 


424 


557 


980 


171 


810 


215 


595 


1943/44 


579 


15 


595 


285 


880 


179 


700 


344 


357 


1944/45 


338 


18 


357 


417 


774 


173 


601 


343 


258 


1945/46 


239 


20 


258 


319 


577 


160 


417 


343 


74 


1946/47 


74 


- 


74 


414 


487 


162 


326 


239 


86 


1947/48 


86 


- 


86 


342 


429 


156 


273 


195 


78 


1948/49 


78 


_ 


78 


386 


464 


130 


335 


232 


102 


1949/50 


102 


- 


102 


371 


474 


136 


337 


225 


112 


1950/51 


112 


- 


112 


462 


574 


144 


430 


241 


189 


1951/52 


187 


2 


189 


553 


742 


169 


573 


356 


217 


1952/53 


215 


2 


217 


688 


905 


150 


755 


386 


369 


1953/54 


368 


1 


369 


614 


983 


141f 


842f 


255* 


587* 


1954/55* 


587 




587 


378** 


965** 











1. Canadian Customs figures adjusted for changes in stocks of Canadian wheat in U.S.A. Lake and Seaboard Ports until 1935/36; after that year Board of Grain 
Commissioners' clearances. 2. Exclusive of consumption of 5.7 imported from the United States. f Revised. * Preliminary. ** D.B.S. estimate 

based on conditions at September 1. 1954. 



U.S.A. ECONOMIC STATISTICS 

U.S. Department of Commerce 



U.S. Dept. of Labor 



Federal 
Reserve 









Govt. 
















Average 






Gross 
National 
Product 


Change in 

Business 

Inventories 


Expend- 
iture on 
National 
Security 


Savings 

as a 

Percentagi 

of 


Total 
Personal 
; Income 


Con- 
struction 


Unem- 
ployment 


Retail 
Sales 


Consumer 
Price 
Index 


Wholesale 

Prices: 
All Com- 
modities 


Hourly 
Earnings 
in Manu- 
facturing 


Total 
Industrial 
Production 








1 


Disposabl 
Income 




3 




4 






5 


4 




BUI 


ions of Doll 


ITS 2 


Billions of $ 2 


Billions of $ 


Millions 


Billions of $ 


1947-4 


9 = 100 


Dollars 


1947-49 = 100 


Annual Averages « 


























1950 


285.1 


7.4 


18.5 


5.9 


227.1 


28.8 


3.1 


143.7 


102.8 


103.1 


1.47 


112 


1951 


328.2 


10.4 


37.3 


7.8 


255.3 


30.9 


1.9 


158.2 


111.0 


114.8 


1.59 


120 


1952 


346.1 


3.6 


48.5 


7.8 


271.2 


32.6 


1.7 


164.1 


113.5 


111.6 


1.67 


124 


1953 


364.9 


1.5 


52.0 


8.0 


286.1 


34.8 


1.5 


170.8 


114.4 


110.1 


1.76 


134 


Monthly 
1953— Jan. 


1 








[ * 


2.4 


1.9 


14.1 


113.9 


109.9 


1.74 


134 


Feb. 


[361.8 


2.8 


51.0 


7.7 1 


* 


2.3 


1.8 


14.5 


113.4 


109.6 


1.74 


134 


Mar. 










* 


2.5 


1.7 


14.4 


113.6 


110.0 


1.75 


135 


Apr. 










* 


2.7 


1.6 


14.3 


113.7 


109.4 


1.75 


136 


May 


■ 369.9 


5.4 


54.3 


7.8 | 


286.3 


2.9 


1.3 


14.4 


114.0 


109.8 


1.76 


137 


June 










287.3 


3.2 


1.6 


14.4 


114.5 


109.5 


1.77 


136 


July 










288.2 


3.3 


1.5 


14.5 


114.7 


110.9 


1.77 


137 


Aug. 


J 367.2 


2.0 


52.3 


8.0 < 


286.4 


3.3 


1.2 


14.1 


115.0 


110.6 


1.77 


136 


Sept. 










287.7 


3.3 


1.3t 


14.0 


115.2 


111.0 


1.79 


133 


Oct. 










287.8 


3.2 


1.3t 


14.0 


115.4 


110.2 


1.79 


132 


Nov. 


•360.5 


-4.2 


50.6 


8.6 < 


287.2 


3.0 


1.7t 


14.1 


115.0 


109.8 


1.79 


129 


Dec. 


. 








287.0 


2.7 


2.3f 

7 

3.1 


13.9 


114.9 


110.1 


1.80 


126 


1954— Jan. 


1 








' 284.9 
285.0 


2.4 


13.6f 


115.2 


110.9 


1.80 


125 


Feb. 


■355.8 


-4.2 


46.9 


8.6 < 


2.3 


3.7 


14.0f 


115.0 


110.5 


1.80 


125 


Mar. 








285.0 


2.5 


3.7 


13.9f 


114.8 


110.5 


1.79 


123 


Apr. 


< 








284.4 


2.8 


3.5 


14.2f 


114.6 


111.0 


1.80 


123 


May 


[356.0 


-3.8 


44.7 


7.8 < 


286.2 
286.5 


3.1 


3.5 


14.0f 


115.0 


110.9 


1.81 


124 


June 










3.3 


3.3 


14.4f 


115.1 


110.0 


1.81 


124 


July 










285.7 1 


3.5 


3.3 


14.3 


115.2 


110.4 


1.80 


124 


Aug.** 










285.4 


3.6 


3.2 


14.2 


115.0 


110.5 


1.79 


124 



1. Includes stockpiling, atomic energy, and Mutual Defence Assistance in 
addition to strictly military programmes. 

2. Seasonally adjusted annual rates. 

3. Value of new work put in place. 

4. Seasonally adjusted. 

5. Production workers. 



6. Quarterly averages for first four columns. Calendar year totals in the case 
of "Construction" and "Retail Sales". 

7. New sample covering 230 areas as against 68 in the old series begins with 
1954. Figures adjusted August to December, 1953, to link with new series. 

* Not available. 
** Preliminary, 
t Revised. 



i 



SEPTEMBER 1954 



180 



Millions of Dollars 



EXTERNAL TRADE AND TRADE INDEXES 1 

Compiled from "Trade of Canada", Dominion Bureau of Statistics 



TOTAL EXPORTS (EXCLUDING GOLD) TO 2 


New Gold 

Production 

Available 

for 

Export 


EXPORT INDEJ 

1948-100 


□ES s 




U.S.A. 


U.K. 


Other 

Sterling 

Area 

3 


Western 

Europe & 

Colonies 

4 


Central 

and 

South 

America 


All 
Other 


Total 

All 

Countries 






Total 
Value 


Price 


Physical 
Volume 


Calendar Years 
1950 


2,051 


473 


200 


199 


154 


80 


3,157 


163 


101.4 


108.3 


93.6 


1951 


2,334 


636 


266 


364 


217 


146 


3,963 


150 


127.3 


123.0 


103.5 


1952 


2,349 


751 


291 


468 


281 


216 


4,356 


150 


139.9 


121.8 


114.9 


1953 


2,463 


669 


252 


367 


207 


216 


4,173 


144 


133.9 


118.3 


113.2 


12 Mths. end'g 
Aug. 1954 


2,376 


610 


215 


329 


206 


205 


3,941 


144 








Monthly 
1953-Jan. 


191.7 


49.5 


17.7 


22.4 


18.8 


20.8 


321.3 


16.0 


123.8 


119.6 


103.5 


Feb. 


176.8 


36.4 


23.1 


19.5 


13.6 


10.2 


279.6 


16.1 


107.5 


119.2 


90.2 


Mar. 


206.4 


38.8 


18.4 


17.9 


17.7 


13.8 


313.0 


15.6 


120.1 


119.4 


100.6 


Apr. 


192.3 


45.3 


18.0 


21.8 


17.0 


10.4 


304.8 


11.7 


117.5 


119.5 


98.3 


May 


224.2 


68.5 


24.0 


38.5 


15.5 


14.3 


385.0 


12.0 


148.4 


118.9 


124.8 


June 


218.2 


77.3 


27.7 


52.0 


21.4 


19.4 


416.0 


13.7 


160.6 


119.2 


134.7 


July 


212.7 


81.3 


24.7 


43.8 


17.0 


18.8 


398.3 


9.3 


153.4 


118.7 


129.2 


Aug. 


199.9 


67.2 


19.4 


26.7 


12.1 


21.6 


346.9 


10.7 


133.7 


118.8 


112.5 


Sept. 


211.4 


45.0 


25.7 


24.1 


18.2 


19.4 


343.8 


10.4 


132.0 


118.4 


111.5 


Oct. 


201.9 


55.8 


16.3 


33.4 


19.1 


21.3 


347.8 


9.9 


134.0 


118.4 


113.2 


Nov. 


204.0 


56.1 


19.7 


35.1 


21.0 


19.3 


355.2 


9.1 


136.9 


117.1 


116.9 


Dec. 


223.5 


47.7 


17.0 


31.7 


15.5 


25.5 


360.9 


9.8 


138.8 


116.7 


118.9 


1954-Jan. 


160.1 


38.1 


12.5 


22.8 


11.8 


20.1 


265.4 


11.5 


101.7 


116.1 


87.6 


Feb. 


171.9 


44.9 


12.5 


21.1 


14.2 


15.2 


279.8 


10.2 


105.4 


116.5 


90.5 


Mar. 


205.2 


52.8 


14.1 


19.7 


15.2 


14.1 


321.1 


12.8 


123.2 


115.7 


106.5 


Apr. 


181.8 


39.5 


19.8 


22.8 


20.6 


13.7 


298.2 


13.8 


114.1 


116.4 


98.0 


May 


213.0 


62.4 


20.8 


32.8 


20.2 


14.4 


363.6 


13.7 


139.8 


116.3 


120.2 


Tune 


212.7 


52.8 


18.0 


31.5 


17.4 


15.3 


347.7 


15.6 


133.7 


116.7f 


114.6f 


July 


194.9f 


55.9 


18.2 


26.4 


18.2 


15.5 


329.1 


13.6 


126.4 


115.4 


109.5 


Aug.* 


196.0 


58.7 


20.4 


27.6 


14.4 


11.0 


328.1 


13.3 











TOTAL IMPORTS (EXCLUDING GOLD) FROM 






Excess of 


IMPORT INDEXES s 


















Merchandise 
Exports 




1948 - 100 










Other 


Western 


Central 




Total 














U.S.A. 


U.K. 


Sterling 


Europe & 


and 


All 


All 


Merchandise 


Total 




Physical 








Area 
3 


Colonies 
4 


South 
America 


Other 


Countries 


Imports 


Value 


Price 


Volume 


Calendar Years 
























1949 


1,952 


307 


187 


83 


193 


39 


2,761 


261 


104.7 


102.6 


102.0 


1950 


2,131 


404 


242 


114 


215 


68 


3,174 


-17 


120.4 


110.3 


109.2 


1951 


2,813 


421 


309 


181 


275 


86 


4,085 


-122 


154.8 


126.2 


122.7 


1952 


2,977 


360 


186 


157 


285 


66 


4,031 


326 


152.3 


110.4 


138.0 


1953 


3,221 


453 


173 


179 


291 


66 


4,383 


-210 


165.2 


109.4 


151.0 


12 Mths. end'g 
























July 1954 


3,006 


426 


175 


184 


292 


70 


4,153 


-196 








Monthly 
























1953-Jan. 


249.2 


30.5 


9.4 


10.3 


21.2 


7.0 


327.8 


-6.6 


147.5 


108.4 


136.1 


Feb. 


241.0 


27.2 


8.9 


8.9 


20.9 


3.1 


310.0 


-30.4 


140.5 


108.1 


130.0 


Mar. 


272.8 


37.6 


11.0 


11.9 


22.1 


4.7 


360.1 


-47.1 


163.4 


109.0 


149.9 


Apr. 


297.3 


37.9 


12.6 


17.3 


22.8 


3.9 


391.8 


-87.0 


177.9 


109.0 


163.2 


May 


312.3 


43.5 


17.6 


15.4 


27.7 


4.1 


420.6 


-35.6 


190.5 


109.3 


174.3 


June 


299.8 


42.8 


17.1 


17.0 


23.3 


6.3 


406.3 


9.7 


184.2 


109.9 


167.6 


July 


286.5 


47.1 


17.6 


16.0 


31.2 


6.7 


405.4 


-7.1 


182.6 


109.8 


166.3 


Aug. 


244.7 


38.4 


14.7 


15.1 


26.5 


5.8 


345.2 


1.7 


156.2 


110.2 


141.7 


Sept. 


268.0 


34.3 


16.9 


16.0 


25.3 


7.0 


367.5 


-23.7 


165.8 


111.0 


149.4 


Oct. 


258.3 


36.8 


18.5 


17.1 


22.2 


5.4 


358.3 


-10.5 


161.6 


110.7 


146.0 


Nov. 


244.5 


38.9 


17.1 


20.3 


24.9 


5.7 


351.4 


3.8 


159.5 


110.1 


144.9 


Dec. 


246.8 


38.3 


10.5 


14.2 


22.6 


6.0 


338.4 


22.5 


153.1 


110.2 


138.9 


1954-Jan. 


202.8 


28.3 


9.1 


11.2 


23.8 


5.0 


280.2 


-14.8 


127.2 


109.4 


116.3 


Feb. 


217.5 


29.0 


10.5 


9.9 


21.7 


4.0 


292.6 


-12.8 


132.8 


109.1 


121.7 


Mar. 


270.0 


30.9 


9.6 


12.6 


25.1 


4.8 


353.0 


-31.9 


160.3 


109.0 


147.1 


Apr. 


256.0 


35.3 


14.9 


15.6 


21.6 


5.1 


348.5 


-50.3 


157.7f 


llO.lf 


143.3f 


May 


260.0 


36.0 


17.4 


17.3 


24.2 


4.8 


359.7 


3.9 


163.4 


110.3 


148.1 


June 6 


297.0 


44.6 


20.3 


18.3 


29.1 


6.8 


416.16 


-68.4 6 


188.8 


110.5 


170.9 


July* 


240.6 


35.0 


16.4 


16.9 


25.2 


7.1 


341.2 


-15.5 


154.8 


110.8 


139.7 


Aug.* 


248.0 


31.3 










343.2 


-15.1 









1. Commencing April 1, 1949, external trade of Newfoundland is included 
and Canadian trade with Newfoundland, formerly in the "All Other" 
category, disappears. 

2. Includes exports of foreign produce. Excludes defence equipment transferred 
by Canada to North Atlantic Treaty countries which in 1950, 1951. 1952 
and 1953 amounted to 56.8, 109.1, 100.9, and 182.0* respectively. 

3. Consists of U.K. Dependencies, Union of South Africa, Eire. India. 
Pakistan, Burma, Australia, New Zealand, Iceland, Jordan, Libya, Ceylon 
and Iraq. 



4. Excludes Spain, but includes Greece and Turkey. 

5. Excludes exports of foreign produce. Price indexes are based largely on 
unit values derived from the Customs' entries. Price indexes prior to 
1948 are converted from 1935-39= 100. 

6. Commencing in June 1954, imports are recorded on a calendar month 
rather than a customs month basis. As a result of the transition the 
figures for June, 1954 include imports for calendar June and for a few 
days in May. 

* Preliminary. t Revised. 



181 



SEPTEMBER 1954 SEPTEMBER 1954 

MERCHANDISE EXPORTS: COMMODITY CLASSIFICATION 1 

Compiledfrom"Tradeof Canada," D om i n ion Bureau of Statistics 



182 



Millions of Dollars 


















































Fruits 

and 

Vegetables 


Wheat 

and 
Wheat 
Flour 


Oats 


Other 

Grains 

and 

Products 


Live 
Cattle 


Bacon 
and 
Hams 


Other 
Meats 


Cheese 


Other 

Milk 

Products 


Eggs 


Seeds 


Farm 

(incl. 

raw wool) 

2 


Fish 
(fresh and 
frozen) 


Fish 

(canned & 

salted) 


Furs 


Logs 

and 

Rounds 


Planks 

and 
Boards 


Pulpwood 


Wood Pulp 


Newsprint 


Other 
Paper 


Other 

Wood 

Products 


Alcoholic 
Beverages 


Rubber 

& Products 

(incl. 




Calendar Years 
1946 


29 


377 


23 


41 


18 


66 


63 


22 


13 


27 


13 


39 


41 


45 


32 


20 


125 


29 


114 


266 


22 


50 


36 


22 


Calendar Years 
1946 
1947 
1948 
1949 


1947 


32 


462 


12 


55 


15 


62 


41 


14 


16 


37 


17 


44 


38 


44 


29 


24 


208 


35 


178 


342 


31 


69 


28 


33 
33 
26 


1948 


21 


368 


23 


74 


74 


70 


65 


12 


18 


39 


50 


55 


45 


40 


24 


26 


196 


44 


212 


383 


34 


60 


29 


1949 


20 


533 


19 


59 


61 


24 


44 


16 


14 


21 


44 


51 


35 


59 


23 


20 


160 


31 


171 


434 


19 


40 


35 


1950 


24 


419 


17 


56 


79 


28 


47 


17 


11 


6 


31 


53 


50 


63 


25 


13 


291 


35 


209 


486 


20 


61 


44 


12 
29 


1950 
1951 
1952 
1953 


1951 


24 


555 


54 


105 


63 


4 


69 


10 


11 


4 


28 


59 


53 


64 


30 


14 


312 


68 


365 


536 


38 


65 


66 


1952 


21 


737 


68 


199 


4 


3 


46 


1 


15 


5 


33 


54 


53 


60 


24 


31 


296 


65 


292 


592 


30 


61 


57 


18 

8 


1953 


20 


670 


60 


187 


15 


6 


47 


5 


12 


4 


31 


55 


51 


60 


22 


20 


283 


46 


249 


619 


20 


59 


66 


12-Mths. ending 
July 1954 


19 


519 


57 


157 


18 


6 


46 


3 


11 


5 


34 


59 


51 


65 


23 


19 


284 


46 


262 


626 


19 


58 


64 


7 


12-Mths. ending 
July 1954 


Monthly 
1953— Jan. 


1.5 


45.7 


2.1 


7.4 


_ 


.2 


3.2 


.1 


.7 


.9 


3.7 


4.5 


3.8 


4.5 


3.2 


2.0 


19.8 


3.6 


20.0 


52.4 


1.8 


3.5 


5.0 


9 


Monthly 
Jan.-1953 
Feb. 


Feb. 


1.4 


35.4 


1.6 


5.6 


- 


.2 


2.6 


.2 


.5 


.2 


3.3 


5.4 


4.3 


4.6 


2.2 


1.5 


18.6 


3.4 


16.4 


42.5 


1.3 


4.3 


3.9 


8 


Mar. 


1.8 


30.8 


1.3 


5.9 


1.3 


.5 


4.9 


.5 


.8 


.2 


2.4 


5.5 


4.5 


4.6 


1.7 


1.7 


25.6 


3.6 


19.9 


49.5 


1.6 


4.9 


5.5 


9 


Apr. 


.8 


40.8 


3.8 


9.9 


1.4 


.5 


4.9 


1.0 


.6 


.1 


2.9 


3.2 


2.7 


3.7 


1.8 


1.1 


25.8 


1.7 


19.2 


44.4 


1.7 


4.8 


3.6 


1.0 


Apr. 
May 
June 


May 


.4 


70.3 


5.8 


19.7 


1.6 


.6 


5.2 


- 


.9 


.1 


1.2 


3.5 


3.1 


8.5 


2.0 


1.1 


22.5 


2.2 


21.5 


56.8 


1.5 


4.3 


4.8 


.9 


June" 


.7 


100.7 


3.6 


20.6 


1.7 


.7 


3.9 


.1 


1.0 


.1 


.5 


4.0 


4.0 


6.5 


2.1 


1.9 


27.3 


3.1 


22.1 


50.3 


1.6 


5.0 


4.9 


.9 


July 


1.7 


81.7 


4.5 


21.5 


2.0 


.7 


6.6 


- 


1.1 


.1 


1.2 


7.4 


5.6 


4.8 


1.3 


2.0 


24.4 


4.8 


21.3 


55.2 


1.9 


4.4 


5.1 


.7 


July 

Aug. 
Sept. 
Oct. 


Aug. 


2.9 


67.8 


5.5. 


17.3 


2.6 


.4 


4.2 


- 


1.0 ' 


.4 


1.1 


4.0 


5.2 


4.6 


1.0 


2.2 


26.5 


5.3 


21.4 


49.4 


1.5 


4.5 


3.9 


.4 


Sept. 


2.1 


44.4 


5.9 


17.2 


1.5 


.5 


3.1 


.1 


1.7 


.5 


1.8 


3.7 


5.1 


4.3 


.8 


2.2 


23.7 


5.9 


20.4 


57.0 


1.8 


4.8 


5.7 


.5 


Oct. 


2.8 


59.7 


7.2 


15.8 


1.0 


.3 


2.2 


— 


.8 


.2 


2.8 


3.4 


4.8 


4.0 


.4 


2.0 


25.4 


4.7 


21.9 


51.3 


1.9 


4.6 


7.5 


.4 


Nov. 


2.7 


47.2 


10.8 


24.1 


1.2 


.5 


3.1 


1.6 


1.1 


.3 


4.6 


5.2 


4.2 


5.4 


.4 


1.5 


21.6 


3.3 


22.2 


47.6 


1.8 


6.2 


9.1 


.5 




Dec. 


1.7 


45.6 


8.2 


22.2 


.8 


.5 


3.2 


.9 


1.6 


1.0 


5.2 


5.3 


3.9 


4.4 


5.3 


1.1 


21.6 


4.2 


22.3 


62.6 


1.6 


7.5 


7.3 


.4 


Dec. 


1954— Tan. 


1.6 


33.6 


1.6 


7.4 


.7 


.4 


7.0 


- 


.5 


1.2 


3.2 


5.8 


3.3 


4.9 


3.7 


1.7 


14.8 


3.2 


18.3 


42.8 


1.2 


3.0 


4.1 


.4 


Jan.-1954 
Feb. 


Feb. 


1.2 


33.1 


1.9 


6.1 


1.1 


.5 


4.2 


- 


.6 


.7 


4.4 


6.3 


3.6 


5.5 


2.4 


1.3 


17.6 


4.0 


19.8 


46.6 


1.3 


3.7 


3.9 


.6 


Mar. 


1.0 


30.1 


1.8 


5.6 


1.3 


.5 


3.1 


.1 


.7 


.2 


3.1 


7.3 


4.5 


6.4 


2.2 


1.9 


28.4 


3.2 


24.1 


54.9 


1.5 


5.3 


4.6 


.6 


Mar. 


Apr. 


1.1 


34.9 


1.8 


8.3 


2.1 


.5 


3.6 


- 


.5 


.2 


2.1 


5.3 


3.3 


7.4 


1.6 


.8 


23.5 


1.5 


21.5 


48.6 


1.3 


4.1 


3.7 


.8 


Apr. 


May 


.4 


40.6 


6.3 


10.9 


3.2 


.5 


3.8 


- 


.8 


.1 


1.6 


4.0 


3.0 


7.3 


1.5 


1.1 


23.3 


1.8 


24.4 


57.2 


1.7 


4.9 


4.5 


.9 


May 


June 


.7 


41.8 


3.6 


12.1 


2.3 


.5 


4.5 


- 


1.0 


.1 


2.2 


4.9 


4.8 


6.0 


1.4 


.9 


25.1 


4.5 


25.0 


55.3 


1.6 


5.0 


4.6 


.9 




July 


1.0 


40.4 


2.8 


9.7 


1.5 


.4 


3.8 


.1 


.7 


.1 


1.4 


4.3 


6.2 


4.6 


1.0 


1.2 


32.6 


4.3 


20.7 


53.8 


1.6 


4.8 


3.9 


.8 


July 







Other 

Fibres 


Farm 


Machinery 


Autos. 


Other 


Other 




Aluminum 


Copper 


Lead 


Nickel 




Zinc 


Other 




Other 




Other 






All 


New Gold 


Total 








& Textiles 


Imple- 


(excl. 


Trucks 


Vehicles 


Iron and 




and 


and 


and 


and 






Non- 




Non- 










Other 


Production 


Export* 

(including 

gold) 








(excl. raw 
wool) 


ments & 
Machinery 


agriculture) 


St Parts 


& Parts 


Steel 


Apparatus 


Products 


Products 


Products 


Products 


(ex. gold) 


Products 


ferrous 
Metals 




metallic 
Minerals 




& Products 


Vessels 


Parts 


Exports 


Available 
for Export 




Calendar Years 


















































Calendar Years 


1946 


8 


42 


29 


16 


78 


34 


71 


21 


56 


37 


17 


55 


21 


28 


13 


24 


33 


32 


35 


19 


10 


100 


96 


2,408 


1946 


1947 


12 


35 


42 


41 


92 


15 


84 


19 


64 


59 


31 


60 


23 


30 


17 


33 


42 


34 


49 


26 


6 


94 


99 


2,874 


1947 


1948 


7 


35 


74 


41 


55 


21 


91 


17 


102 


79 


35 


74 


25 


42 


22 


42 


53 


36 


43 


84 


11 


93 


119 


3,195 


1948 


1949 


2 


19 


93 


32 


39 


23 


106 


12 


94 


87 


42 


92 


28 


56 


15 


37 


36 


39 


31 


42 


25 


81 


139 


3,132 


1949 


1950 


5 


20 


88 


26 


40 


5 


92 


11 


107 


88 


38 


105 


34 


59 


16 


63 


40 


39 


62 


23 


4 


59 


163 


3,281 


1950 


1951 


4 


28 


106 


40 


79 


3 


113 


18 


125 


87 


45 


137 


49 


84 


25 


82 


50 


36 


96 


9 


8 


73 


150 


4,065 


1951 


1952 


3 


21 


105 


47 


111 


4 


139 


34 


162 


119 


50 


151 


47 


97 


46 


88 


56 


42 


82 


12 


38 


79 


150 


4,452 


1952 


1953 


5 


15 


74 


37 


75 


6 


166 


38 


178 


125 


38 


163 


44 


58 


39 


85 


63 


43 


95 


20 


40 


96 


144 


4,262 


1953 


12-Mths. ending 


















































12-Mths. ending 


July 1954 


5 


13 


77 


34 


49 


5 


155 


22 


183 


119 


38 


173 


45 


50 


36 


80 


64 


44 


101 


20 


37 


92 


141 


4,040 


July 1954 


Monthly 


















































Monthly 


1953— Jan. 


.3 


1.0 


9.4 


2.7 


6.7 


.4 


11.6 


4.4 


12.6 


10.8 


4.5 


14.4 


4.3 


8.4 


3.4 


6.2 


4.1 


3.8 


7.9 


2.0 


1.8 


5.8 


16.0 


333.3 


Jan.-1953 


Feb. 


.3 


1.2 


9.8 


3.2 


7.4 


.5 


7.3 


3.5 


13.3 


13.6 


2.5 


12.7 


3.5 


5.0 


2.4 


5.9 


4.1 


4.2 


6.5 


1.3 


1.3 


5.7 


16.1 


291.6 


Feb. 


Mar. 


.3 


1.1 


11.1 


3.7 


6.1 


.7 


11.0 


2.9 


17.9 


10.2 


4.2 


13.8 


3.4 


6.1 


2.8 


7.1 


4.9 


3.8 


7.8 


.5 


1.6 


7.2 


15.6 


323.4 


Mar. 


Apr. 


.2 


1.7 


8.1 


3.2 


6.2 


.7 


12.1 


3.1 


10.9 


10.5 


4.1 


13.9 


4.3 


5.2 


3.2 


6.5 


4.9 


3.6 


7.0 


.1 


2.7 


7.4 


11.7 


312.7 


Apr. 


May 


.3 


1.1 


7.9 


3.8 


5.9 


.9 


16.3 


7.7 


14.8 


12.8 


2.4 


12.9 


4.3 


5.9 


4.1 


8.3 


5.6 


4.1 


8.5 


.8 


5.3 


8.1 


12.0 


392.3 


May 


June 


.9 


1.6 


7.7 


2.9 


8.8 


.5 


16.3 


5.9 


17.7 


12.1 


3.5 


13.9 


3.0 


5.1 


3.7 


7.9 


5.1 


4.1 


8.1 


3.8 


4.3 


7.2 


13.7 


425.4 


June 


July 


.6 


1.4 


5.1 


4.1 


5.8 


.5 


18.9 


2.4 


15.5 


12.2 


1.7 


13.5 


4.0 


4.3 


2.9 


6.8 


5.8 


3.0 


8.7 


.5 


5.3 


10.3 


9.3 


402.4 


July 


Aug. 


.5 


1.2 


3.1 


2.0 


3.6 


.3 


18.2 


1.1 


14.2 


7.1 


3.7 


13.9 


2.8 


3.5 


2.4 


6.5 


5.6 


2.8 


7.9 


.9 


1.5 


6.7 


10.7 


353.3 


Aug. 


Sept. 


.7 


1.0 


2.7 


2.8 


7.1 


.3 


14.3 


2.8 


16.5 


8.0 


2.6 


12.7 


4.0 


3.7 


3.4 


6.8 


5.4 


3.5 


8.8 


3.6 


3.5 


9.5 


10.4 


348.6 


Sept. 


Oct. 


.5 


.9 


3.1 


2.7 


7.5 


.3 


14.0 


1.5 


12.3 


9.7 


3.3 


13.2 


2.7 


3.8 


2.8 


7.5 


6.1 


3.5 


7.3 


3.4 


5.0 


7.6 


9.9 


353.4 


Oct. 


Nov. 


.4 


1.4 


2.1 


3.2 


7.8 


.3 


13.0 


1.2 


16.3 


9.5 


2.5 


15.1 


4.8 


3.0 


3.6 


6.8 


5.8 


3.3 


8.5 


2.9 


3.0 


10.2 


9.1 


359.9 


Nov. 


Dec. 


.4 


1.1 


4.2 


3.1 


2.3 


.3 


13.1 


1.3 


15.8 


8.2 


2.9 


12.6 


3.3 


3,8 


4.6 


8.2 


5.5 


3.2 


8.2 


.1 


5.0 


10.2 


9.8 


365.6 


Dec. 


1954— Jan. 


.4 


1.0 


5.4 


2.3 


2.7 


.2 


9.0 


1.0 


13.5 


9.0 


2.2 


12.3 


3.3 


3.8 


2.6 


4.4 


4.7 


3.3 


7.5 


.6 


1.1 


6.4 


11.5 


272.2 


Jan.-1954 


Feb. 


.2 


.8 


9.1 


2.8 


1.6 


.4 


9.3 


1.7 


12.3 


7.5 


2.4 


14.4 


4.5 


2.9 


2.5 


5.0 


4.0 


5.3 


7.9 


2.0 


1.5 


6.3 


10.2 


284.9 


Feb. 


Mar. 


.3 


.7 


11.8 


2.5 


1.6 


.5 


11.9 


1.4 


15.0 


9.7 


2.8 


16.8 


3.7 


4.4 


2.7 


6.7 


6.0 


5.8 


8.7 


.6 


2.4 


7.2 


12.8 


328.5 


Mar. 


Apr. 


.2 


1.4 


10.2 


2.6 


3.9 


.3 


8.8 


2.0 


12.1 


9.1 


3.0 


14.6 


4.2 


4.5 


2.1 


5.8 


5.0 


4.0 


7.0 


.2 


5.4 


7.4 


13.8 


306.1 


Apr. 


Mav 


.5 


1.0 


9.8 


3.7 


4.8 


1.3 


14.4 


3.0 


24.7 


14.5 


3.8 


15.5 


4.4 


4.2 


3.1 


8.6 


4.7 


4.9 


11.2 


3.9 


4.8 


7.7 


13.7 


372.0 


May 


June 


.4 


1.2 


7.5 


3.5 


2.5 


.3 


15.0 


2.6 


16.2 


13.7 


4.6 


17.6 


3.9 


5.2 


3.6 


7.6 


5.4 


3.2 


9.5 


1.2 


2.6 


6.5 


15.6 


358.2 


June • 


July 


.3 


1.3 


8.7 


2.6 


3.3 


.2 


14.2 


2.4 


14.2 


12.7 


4.5 


14.0 


3.7 


7.4 


2.4 


6.3 


5.3 


1.2 


9.1 


.3 


1.4 


6.7 


13.6 


337.5 


July 


1. Excludes expo 


rts of foreigi 


i produce. 


2. Made 


up of variou 


s items listec 


1 in "Trade 


of Canada" 


under code r 


umbers 180, 


610, 690. 7 


0. 790. 1170 


. 1500-1590 


1610, 1620. 


630. 1640. 1 


645. 1650. 1( 


60, 1670. 16 


80, 1700, 17 


0, 2015, 202 


0, 2025, 2060, 2065. 2066 


, 2070, 2075 


2080, 2085, 


2090. 2095, 


2100-2110, 


!490, 2500-2525, 



2750, 2795, 2805, 2812, 2825, 2840, 2845, 2855. 2860, 3160-3187 



CUMULATIVE TABLE OF CONTENTS 
1954 

See Statistical Summary Indexes, published annually, for details of previous years 

Page Number 

Monthly Tables Appearance 

Bank of Canada: Assets and Liabilities 161-162 

Chartered Banks: Cash Reserves, Liabilities and Assets 163-166 
General Public Holdings of Certain Liquid Assets: Currency, 

Bank Deposits and Government of Canada Securities 167-168 

Government Bond Yields and Treasury Bill Rates ... 169 

Foreign Exchange Rates 170 

Official Holdings of Gold and U.S. Dollars 170 

Price Indexes 175 

Labour Force Status of the Population 175 

Employment and Labour Income 176 

Volume of Industrial Production 176 

U.S.A. Economic Statistics 179 

External Trade and Trade Indexes 180 

Quarterly Tables 

Chartered Banks: Estimated Quarterly Classification 

of Loans in Canada 125 

General Public Holdings of Certain Liquid Assets: 

Approximate Division between Non-Resident, Resident 

Corporate and Resident Non-Corporate Holdings . . 149-150 

Bond Issues and Retirements 127 

Canadian Gold Statistics 131 

Government Bond Yields: Canada, U.S.A. and U.K. ... 104 

Consumer Credit Outstanding 171 

National Accounts: Quarterly ■ 173-174 

Population Statistics 133 

Selected Housing Statistics 135 

Selected Agricultural Statistics: Quarterly .... 177-178 

Canadian Balance of International Payments: Quarterly 153 

International Securities Transactions: Quarterly .... 154 

Merchandise Exports: Commodity Classification by Volume 137 

Merchandise Exports: Commodity Classification by Value . 181-182 

Merchandise Imports: Commodity Classification by Volume 138 

Merchandise Imports: Commodity Classification by Value . 159-160 

Other Tables 

Bonds Outstanding 9 

Estimates of Labour Income 14 

National Accounts: Yearly 27 

Capital Expenditures on New Construction, Machinery and 

Equipment 134 

Mineral Production 31 

Domestic Exports: Commodity Classification by Destination 157 

Public Finance: Government of Canada 49-50 

New Passenger Automobile Statistics 172 

New Commercial Vehicle Statistics 115 

Railways: Operating Statistics 74 

Newsprint: North America 156 

Canadian Wheat: Statistical Position 179 

Profit Statistics of 480 Companies: 1947-1953 .... 90 

Selected Petroleum Statistics 91-92 

Canadian Balance of International Payments: 1952 and 1953 129-130 

Canadian Balance of International Indebtedness .... 131 



BANK OF CANADA 

STATISTICAL SUMMARY 



A Cumulative Table of Contents for 1954 appears on the back cover 



TABLES 

Bank of Canada: Assets and Liabilities: 

Monthly and Weekly Figures 183-184 

Chartered Banks: 

Monthly Figures: Cash Reserves, Liabilities and Assets 185-186 

Weekly Estimates: Assets and Liabilities 187-188 

General Public Holdings of Certain Liquid Assets: 

Currency, Bank Deposits and Government of Canada 

Securities 189-190 

Chartered Banks: Estimated Quarterly Classification of 

Loans in Canada 191 

Bond Issues and Retirements 192 

Money Market Statistics and Government Bond Yields . . 193-194 

Foreign Exchange Rates 195 

Official Holdings of Gold and U.S. Dollars 195 

Canadian Gold Statistics 1% 

Price Indexes 1% 

Public Finance: Provincial Governments: 

Outstanding Debt 197-198 

Current Revenue 199 

Current Expenditure 200 

Labour Force Status of the Population 201 

Employment and Labour Income 201 

Volume of Industrial Production 203 

Selected Housing Statistics 203 

Grains: Acreage and Production 204 

Population Statistics 205 

U.S.A. Economic Statistics 205 

External Trade and Trade Indexes 206 

Merchandise Exports: Commodity Classification by Volume 207 

Merchandise Imports: Commodity Classification by Volume 208 

CHARTS 

Chartered Banks: Personal Savings Deposits 187 

Chartered Banks: Agricultural, Industrial and Commercial 

Loans 188 

Government of Canada Treasury Bills: Distribution of 

Holdings 193 

Government of Canada Bond Yields 194 

United States Dollar in Canadian Funds 195 

Consumer Expenditure on Goods 202 



Tables and Charts may be reproduced or referred to provided that the Bank ot Canada 
Statistical Summary, with its date, is specifically quoted as the source. Subscription: 25c per 
copy, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa. 






r KRSITY OF 



a^6tft»»* 'u'm~ut r»rr*nin ' 



OCTOBER 1954 




183 



Millions of Dollars 



OCTOBER 1954 

BANK OF 

Month-End and 



As at Dec. 31 

1948 

1949 

1950 

1951 

1952 

1953 
End of 
1953— Mar. 
Apr. 
May 
June 
July 
Aug. 
Sept. 
Oct. 
Nov. 
Dec. ' 

1954— Jan. 

Feb. 

Mar. 

Apr. 

May 

June 

July 

Aug. 

Sept. 

Oct. 
Av. of Wednesdays 
1953— Mar. 

Apr. 

May 

June 

July 

Aug. 

Sept. 

Oct. 

Nov. 

Dec. 



1954— Jan. 
Feb. 
Mar. 
Apr. 
May 
June 

July 
Aug. 
Sept. 
Oct. 
As at 
1954— July 



28 



Aug. 4 
11 
18 
25 

Sept. 1 



15 
22 
29 

6 
13 
20 
27 



Oct. 



Nov. 



ASSETS 



Government of Canada 
Direct and Guaranteed Securities 



Treasury 
Bills 



249.5 
243.6 
262.7 
186.4 
282.9 
374.5 

236.4 
304.1 
288.5 
339.7 
354.2 
335.0 
332.2 
407.4 
379.7 
374.5 

335.3 
324.9 
300.6 
314.8 
310.4 
256.1 
165.3 
133.8 
94.4 
161.5 

228.5 
261.9 
286.4 
311.9 
323.4 
338.1 
328.2 
348.4 
398.6 
374.7 

357.7 
328.4 
316.4 
306.3 
302.7 
280.1 
196.9 
150.2 
110.4 
113.2 

161.5 

165.1 
155.4 
142.6 
137.9 

133.8 
120.1 
107.7 
96.2 
94.3 

118.4 
109.7 
104.5 
120.1 

148.4 



Other Maturities 



2 yrs. and 
under 



984.2 

1,537.8 

966.6 

955.3 

1,176.9 

1,002.1 

1,134.6 
1,132.5 
1,076.3 
1,065.9 
1,097.4 
1,079.0 
1,053.5 
1,062.5 
998.9 
1,002.1 

993.0 
1,049.9 
1,252.2 
1,389.0 
1,430.0 
1,312.4 
1,485.9 
1,536.1 
1,566.4 
1,276.7 

1,136.8 
1,134.5 
1,110.6 
1,063.7 
1,080.2 
1,083.9 
1,066.4 
1,028.1 
977.5 
1,028.2 

992.3 
1,027.7 
1,010.5 
1,340.7 
1,408.2 
1,296.5 
1,433.1 
1,513.3 
1,550.6 
1,260.2 

1,471.6 

1,487.5 
1,514.4 
1,523.0 
1,528.3 

1,537.4 
1,542.0 
1,555.6 
1.558.5 
1,559.5 

1,256.8 
1,255.0 
1,255.8 
1,272.9 

1,283.6 



Over 
2 yrs. 



779.1 
227.8 
712.5 
1,049.3 
767.2 
893.7 

810.9 
796.0 
821.4 
852.0 
838.5 
830'.9 
824.9 
812.1 
894.9 
893.7 



900.8 
636.3 
568.0 
520.5 
702.0 
492.6 
493.0 
535.0 
787.2 

823.4 
804.4 
815.3 
837.8 
841.3 
833.5 
827.5 
821.3 
887.6 
896.2 

891.9 
897.7 
867.3 
554.7 
551.4 
694.8 
510.2 
485.6 
521.0 
774.6 

495.2 

492.0 
485.6 
479.1 
485.6 

493.9 
508.8 
523.1 
537.3 
541.9 

798.2 
774.1 
758.6 
767.6 

790.2 



Total 



1,763.3 
1,765.6 
1,679.1 
2,004.7 
1,944.1 
1,895.7 

1,945.4 
1,928.6 
1,897.7 
1,917.9 
1,935.9 
1,910.0 
1,878.4 
1,874.6 
1,893.7 
1,895.7 

1,873.6 
1,950.7 
1,888.5 
1,957.0 
1,950.6 
2,014.4 
1,978.5 
2,029.1 
2,101.4 
2,063.9 

1,960.1 
1,939.0 
1,925.9 
1,901.4 
1,921.4 
1,917.3 
1,893.9 
1,849.4 
1,865.0 
1,924.5 

1,884.2 
1,925.3 
1,877.8 
1,895.4 
1,959.6 
1,991.3 
1,943.4 
1,998.9 
2,071.6 
2,034.8 

1,966.8 

1,979.4 
2,000.0 
2,002.1 
2,013.9 

2,031.2 
2,050.9 
2,078.7 
2,095.8 
2,101.4 

2,055.0 
2,029.1 
2,014.4 
2,040.6 

2,073.8 



Total 



2,012.7 
2,009.2 
1,941.8 
2,191.1 
2,227.0 
2,270.2 

2,181.8 
2,232.7 
2,186.2 
2,257.6 
2,290.1 
2,245.0 
2,210.5 
2,282.1 
2,273.4 
2,270.2 

2,208.9 
2,275.7 
2,189.1 
2,271.8 
2,260.9 
2,270.5 
2,143.9 
2,162.9 
2,195.8 
2,225.4 

2,188.6 
2,200.9 
2,212.3 
2,213.3 
2,244.8 
2,255.3 
2,222.1 
2,197.8 
2,263.6 
2,299.1 

2,241.9 
2,253.8 
2,194.2 
2,201.7 
2,262.4 
2,271.4 
2,140.2 
2,149.1 
2,182.0 
2,147.9 

2,128.3 

2,144.5 
2,155.4 
2,144.7 
2,151.8 

2,165.0 
2,171.0 

2,186.4 
2,192.0 
2,195.8 

2,173.4 
2,138.8 
2,118.9 
2,160.6 

2,222.2 



1. Foreign exchange and foreign securities. 2. Industrial Develooment Bank capital s 
fund and all other liabilities. * Not available. t Revised. 



Provincial 

Govt. 
Securities 



Advances to 



Govt. 

of 
Canada 



Chartered 

& Savings 

Banks 



1.5 



10.0 
10.0 



0.4 
15.0 



0.8 
1.3 



6.5 
2.0 
11.4 
5.1 
3.0 
1.3 



Foreign 

Currency 

Assets 

l 



0.5 

79.7 

359.6 

204.2 

84.5 

67.2 

73.0 
75.5 
66.8 
73.9 
82.4 
74.9 
76.4 
97.6 
68.7 
67.2 

73.8 
65.2 
62.3 
70.9 
74.0 
91.1 
65.9 
69.1 
70.1 
64.4 

71.3 
77.1 
60.5 
66.7 
76.7 
75.3 
76.2 
84.0 
70.8 
66.7 

67.5 
67.2 
66.7 
64.8 
71.1 
76.5 
83.4 
65.4 
70.4 
66.3 

62.1 

64.6 
63.0 
71.9 
61.9 

69.4 
65.3 
69.7 
75.6 
71.9 

70.3 
66.4 
63.3 
65.3 

64.6 



Invest- 
ment 



IDB 



OCTOBER 1954 

CANADA 

Weekly Figures 



All 
Other 

Accounts 



2 



25.0 
25.0 
25.0 
27.8 
30.8 
36.3 

32.1 
32.6 
33.1 
33.1 
33.3 
33.4 
33.8 
34.5 
34.8 
36.3 

36.3 

36.4 
35.7 
35.7 
35.7 
34.5 
34.6 
34.5 
35.6 
35.6 

31.9 
32.2 
32.8 
33.1 
33.1 
33.3 
33.5 
33.8 
34.5 
34.8 

36.3 

36.3 
36.1 
35.7 
35.6 
35.0 
34.5 
34.7 
34.6 
35.6 

34.5 

34.6 
34.6 
34.6 
34.8 

34.5 
34.5 
34.5 
34.7 
34.9 

35.6 

35.6 
35.6 
35.6 

35.6 



20.4 
12.0 
24.0 
21.0 
39.2 
63.5 

39.8 

46.4 
59.3 
59.5 
46.7 
42.1 
39.8 
57.1 
45.9 
63.5 

44.6 
58.1 
98.2 
52.5 
40.0 
41.4 
72.5 
40.1 
36.1 
80.4 

40.3 

41.6 
47.8 
39.3 
55.7 
43.5 
39.2 
48.0 
59.0 
42.2 

44.2 

40.4 
56.4 
43.7 
52.7 
45.3 
49.2 
35.3 
38.7 
54.7 

28.3 

44.3 
34.4 
32.1 
30.4 

40.2 
51.2 
35.2 
40.6 
26.2 

83.8 
55.4 
43.0 
36.8 

51.3 



Total 
Assets 



Liabilities 



2,058.6 
2,125.9 
2,350.3 
2,444.1 
2,381.4 
2,437.2 

2,326.7 
2,387.2 
2,345.4 
2,424.2 
2,452.6 
2,395.4 
2,360.5 
2,471.3 
2,424.3 
2,437.2 

2,373.5 
2,445.3 
2,385.3 
2,431.3 
2,425.6 
2,437.5 
2,316.9 
2,306.5 
2,337.5 
2,405.8 

2,332.1 
2,351.8 
2,353.5 
2,352.4 
2,410.3 
2,407.5 
2,370.9 
2,363.5 
2,428.6 
2,444.1 

2,389.7 
2,404.1 
2,355.4 
2,357.2 
2,426.8 
2,431.2 
2,308.6 
2,284.4 
2,325.7 
2,304.5 

2,253.2 

2,288.0 
2,287.4 
2,283.4 
2,278.9 

2,309.1 
2,321.8 
2,325.8 
2,342.9 
2,328.7 

2,363.1 
2,296.2 
2,260.7 
2,298.2 

2,373.7 



184 

Millions of Dollars 



LIABILITIES 



Notes in Circulation 



Held by 



Chartered 
Banks 



190.8 
211.8 
231.3 
273.1 
272.5 
263.8 

232.3 
232.7 
210.4 
239.0 
214.2 
247.7 
262.0 
211.2 
256.2 
263.8 

225.8 
201.6 
242.9 
211.0 
258.1 
227.2 
217.9 
258.9 
2613 



258.4 
256.4 
275.2 
275.0 
269.6 
280.8 
272.2 
286.5 
287.2 
278.2 

314.6 

276.2 

262.0 

274.1 

282.6 

268.3 

284.8f 

286. 2 1 

296.9 

293.5 

292.3J 

266.7f 
292.4f 
285.9f 
299.7 

257.1 
309.9 
303.6 
318.0 
296.0 

281.0 
296.3 
295.9 
300.7 



Others 



1,098.3 
1,095.6 
1,136.1 
1,191.1 
1,288.7 
1,335.3 

1,261.1 
1,272.1 
1,307.5 
1,290.0 
1,333.0 
1,302.0 
1,290.5 
1,344.7 
1,303.1 
1,335.3 

1,293.4 
1,304.6 
1,269.7 
1,324.7 
1,288.5 
1,326.3 
1,354.2 
1,314.1 
1,324.0 



1,225.8 
1,248.1 
1,242.8 
1,249.2 
1,270.6 
1,271.1 
1,283.1 
1,275.8 
1,277.6 
1,308.1 

1,240.0 

1,236.3 

1,250.8 

1,261.2 

1,258.8 

1,281.2 

l,284.6f 

1, 290.lt 

1,300.9 

1,291.1 

l,279.1f 

l,309.5t 
l,287.2t 
l,290.6t 
1,272.9 

1,317.2 
1,310.8 
1,309.2 
1,277.9 
1,289.3 
1,304.4 
1,290.8 
1,289.6 
1,279.7 



Total 



1,289.1 
1,307.4 
1,367.4 
1,464.2 
1,561.2 
1,599.1 

1,493.4 
1,504.8 
1,517.9 
1,529.0 
1,547.2 
1,549.7 
1,552.5 
1,555.9 
1,559.3 
1,599.1 

1,519.2 
1,506.2 
1,512.6 
1,535.7 
1,546.6 
1,553.5 
1,572.1 
1,573.0 
1,585.3 
1,579.8 

1,484.2 
1,504.5 
1,518.0 
1,524.2 
1,540.2 
1,551.8 
1,555.3 
1,562.3 
1,564.8 
1,586.3 

1,554.6 
1,512.4 
1,512.8 
1,535.3 
1,541.4 
1,549.5 
1,569.5 
1,576.2 
1,597.8 
1,584.6 

1,571.4 

1,576.2 
1,579.5 
1,576.5 
1,572.6 

1,574.3 
1,620.7 
1,612.8 
1,595.9 
1,585.3 

1,585.4 
1,587.2 
1,585.5 
1,580.4 

1,585.6 



Canadian Dollar Deposits 



Govt, of 
Canada 



98.1 
30.7 
24.7 
94.9 
16.2 
51.5 

60.6 
48.3 
45.6 
47.9 
43.8 
66.4 
15.4 
3.8 
50.3 
51.54 

48.8 
126.1 
81.8 
86.0 
143.8 
99.0 
50.5 
49.6 
81.8 
49.8 

49.2 

46.2 
36.7 
42.5 
51.8 
59.0 
34.6 
12.9 
62.9 
52.1 

51.5 
115.7 
55.3 
70.0 
123.6 
99.6 
46.0 
49.2 
65.8 
50.9 

45.1 

47.8 
46.7 
50.8 
51.3 

45.0 

52.1 
65.0 
81.7 
85.2 

46.5 
50.3 
55.3 

51.4 

60.5 



Chartered 
Banks 



547.3 
541.7 
578.6 
619.0 
626.6 
623.9 

601.1 
646.7 
594.9 
647.6 
646.6 
617.8 
616.9 
733.6 
625.6 
623.9 

634.4 
676.6 
660.0 
661.7 
589.3 
624.4 
543.9 
531.0 
521.4 
595.2 

648.1 
619.6 
636.2 
604.8 
624.7 
619.8 
617.1 
622.1 
620.5 
624.5 

625.0 
632.4 
652.1 
627.0 
621.6 
618.9 
549.1 
515.2 
509.4 
503.0 

494.8 

517.2 
520.6 
505.3 
517.7 

538.1 
502.7 
494.6 
501.3 
510.4 

551.9 
496.3 
459.0 
504.8 

559.3 



Other 



81.0 
126.9 
207.1 
66.1 
44.5 
29.5 

66.5 
76.8 
72.1 
82.6 
68.7 
35.2 
37.8 
37.2 
43.4 
29.5 

29.5 
34.4 
28.9 
27.3 
30.3 
41.4 
30.9 
31.5 
25.8 
31.4 

50.7 
71.6 
66.6 
77.0 
75.8 
52.0 
36.0 
35.3 
35.0 
47.4 

26.6 
38.4 
32.2 
25.0 
28.4 
33.4 
31.6 
29.8 
26.5 
30.2 

29.4 

33.1 
30.7 
27.9 
27.6 

26.3 
26.7 
26.6 
26.9 
25.9 

30.1 
27.7 
32.4 
30.5 

33.9 



Foreign 
Currency 
Liabilities 



0.4 
79.6 
133.6 
155.6 
82.9 
63.8 

71.0 
73.4 
64.8 
72.0 
80.9 
73.3 
74.9 
76.0 
67.2 
63.8 

71.3 
62.7 
60.8 
68.4 
71.3 
64.6 
63.9 
67.1 
67.8 
61.7 

69.6 
75.1 
58.5 
64.7 
72.5 
73.9 
74.8 
72.6 
69.3 
63.4 

65.3 

64.7 
64.9 
62.9 
68.4 
68.4 
63.3 
63.2 
68.7 
64.2 

60.3 

62.0 
60.2 
70.6 
60.0 

67.7 
63.5 
68.0 
73.7 
70.4 

68.1 
64.2 
61.2 
63.2 

62.3 



All 

Other 

Accounts 

4.5 



42.7 
39.5 
39.0 
44.4 
50.0 
69.3 

34.1 
37.2 
50.1 
44.9 
65.4 
53.1 
63.0 
64.8 
78.5 
69.3* 

70.3 
39.3 
41.2 
52.2 
44.4 
54.6 
55.7 
54.2 
55.5 
87.9 

30.4 
34.8 
37.4 
39.3 
45.4 
51.0 
53.2 
58.4 
76.3 
70.4 

66.7 
40.6 
38.1 
37.0 
43.4 
61.5 
49.3 
50.8 
57.5 
71.7 

52.2 

51.6 
49.6 
52.2 
49.8 

57.7 
56.3 
58.8 
63.3 
51.5 

81.0 
70.6 
67.1 
68.0 

72.2 



As at Dec. 31 

1948 
1949 
1950 
1951 
1952 
1953 
End of 
Mar— 1953 
Apr. 
May 
June 
July 
Aug. 
Sept. 
Oct. 
Nov. 
Dec. 

Jan.— 1954 
Feb. 
Mar. 
Apr. 
May 
June 
July 
Aug. 
Sept. 
Oct. 
Av. of Wednesdays 
Mar— 1953 
Apr. 
May 
June 
July 
Aug. 
Sept. 
Oct. 
Nov. 
Dec. 



Jan- 

Feb. 

Mar. 

Apr. 

May 

June 

July 

Aug. 
Sept. 
Oct 
As at 
28 July - 

4 Aug. 
11 
18 
25 

1 Sept. 

8 
15 
22 
29 

6 Oct. 
13 

20 
27 

3 Nov. 



•1954 



1954 



k, bonds and debentures. 3. Bank premises and all other assets. U. Before the transfer of Bank of Canada profits for the year ending December 31st from "All Other Accounts" to Government of Canada deposits. 5. Capital, rest 



185 



OCTOBER 1954 



OCTOBER 1954 



CHARTERED BANKS 

Monthly Figures 



186 



Millions of Dollars 












I. CANADIAN CASH RESERVES* 




Cash Reserves 


Canadian 

Dollar 

Deposit 

Liabilities 

1 


Average 
Cash 

Reserve 
Ratio 

2 




Bank of 
Canada 
Deposits 


Bank of 
Canada 
Notes 


Total 


Averages-fr 

1948 
1949 
1950 
1951 
1952 
1953 

1953-Feb. 
Mar. 
Apr. 
May 
June 
July 
Aug. 
Sept 
Oct. 
Nov. 
Dec. 

1954-Jan. 
Feb. 
Mar. 
Apr. 
May 
June 


531 
550 
548 
567 
606 
627 

645 
644 
622 
634 
610 
621 
619 
617 
632 
628 
629 

627 

640 
652 
623 
628 
635 


181 
196 
207 
225 
239 
256 

244 
239 
246 
246 
255 
254 
256 
260 
256 
264 
267 

290 

254 
249 
248 
257 
261 


711 
746 
755 
792 
844 
883 

889 
883 
869 
880 
865 
875 
874 
878 
889 
892 
896 

917 
894 
902 
871 
885 
896 


6,547 
7,178 
7,487 
7,759 
8,110 
8,624 

8,296 
8,407 
8,618 
8,699 
8,529 
8,685 
8,669 
8,651 
8,787 
8,935 
8,787 

8,871 
8,945 
8,686 
8,745 
8,818 
8,857 


10.9 
10.4 
10.1 
10.2 
10.4 
10.2 

10.7 
10.5 
10.1 
10.1 
10.1 
10.1 
10.1 
10.1 
10.1 
10.0 
10.2 

10.3 

10.0 
10.4 
10.0 
10.0 
10.1 


July* 
Aug. 
Sept. 
Oct.* 


555 
524 
511 
509 


280J 
268 
284{ 
297 


834} 
793 
795} 
806 


8,890 't 
8,929 
8,999} 
9,086 


9.4 2 J 
8.9 
8.8 
8.9 





























Millions of Dollars 














11 


. LIABILITIES! 




















Canadiar 


Dollar Deoositst 






Acceptances, 
Guarantees, 
& Letters 
of Credit 












Advances 
from Bank 
of Canada 














Foreign 

Currency 

Deposits 

t 


All 

Other 

Liabilities 


Shareholders 
Equity 

4 


Total 
Liabilities 

t 




Govt. 

of 
Canada 


Provincial 
Govern- 
ments 


Personal 
Savings 


Other 
Notice 


Other 

Banks 

3 


Public 
Demand 


Total 

t 




As at Dec. 31 
1948 


_ 


236 


149 


3,752 


305 


80 


2,550 


7,072 


868 


206 


26 


346 


8,517 
8,653 
9,443 


As at Dec. 31 
1948 


1949 


- 


164 


167 


4,086 


347 


70 


2,483 


7,317 


795 


164 


24 


353 


1949 


1950 


- 


257 


158 


4,176 


383 


132 


2,874 


7,979 


835 


258 


10 


361 


1950 


1951 


- 


88 


185 


4,296 


316 


95 


2,993 


7,973 


878 


225 


7 


375 


9,458 


1951 


1952 


- 


49 


214 


4,600 


325 


75 


3,373 


8,636 


905 


199 


7 


381 


10,128 


1952 


1953 


~ 


473 


166 


4,756 


278 


69 


3,368 


9,111 


963 


155 


8 


419 


10,656 


1953 


1953— Feb. 


_ 


141 


157 


4,718 


290 


85 


3,055 


8,445 


926 


208 


7 


382 


9,968 


End of 

Feb -1953 


Mar. 


- 


190 


250 


4,765 


301 


87 


3,069 


8,662 


927 


209 


6 


382 


10,186 


Mar 


Apr. 


- 


178 


204 


4,802 


305 


86 


3,224 


8,798 


938 


209 


9 


382 


10,336 


Apr. 
May 


May 


- 


99 


187 


4,808 


292 


86 


3,168 


8,640 


937 


195 


8 


382 


10,163 


June 


- 


98 


259 


4,829 


297 


89 


3,279 


8,851 


924 


187 


7 


382 


10,351 


July 


- 


74 


168 


4,851 


301 


78 


3,162 


8,634 


906 


178 


10 


382 


10,110 


July 
Aug. 


Aug. 


- 


116 


137 


4,917 


289 


74 


3,255 


8,788 


897 


173 


8 


383 


10,248 


Sept. 


- 


80 


212 


4,943 


283 


82 


3,292 


8,892 


903 


172 


7 


385 


10,358 


Sept. 


Oct. 


- 


233 


151 


4,876 


271 


83 


3,299 


8,913 


917 


178 


14 


396 


10,418 


Oct. 


Nov. 


- 


525 


113 


4,790 


278 


72 


3,246 


9,024 


932 


166 


11 


413 


10,546 


Nov. 


Dec. 


~ 


473 


166 


4,756 


278 


69 


3,368 


9,111 


963 


155 


8 


419 


10,656 


Dec. 


1954— Jan. 


10 


486 


191 


4,808 


285 


69 


3,110 


8,950 


982 


159 


9 


421 


10,531 


Jan.-1954 


Feb. 


10 


593 


143 


4,883 


279 


71 


3,018 


8,987 


964 


158 


8 


421 


10,548 


Feb. 


Mar. 


- 


276 


273 


4,959 


286 


70 


3,126 


8,990 


983 


160 


7 


421 


10,561 


Mar. 


Apr. 


- 


164 


206 


5,015 


297 


72 


3,106 


8,860 


1,019 


160 


11 


421 


10,472 


Apr. 


May 


15 


138 


170 


5,059 


318 


76 


3,214 


8,976 


995 


161 


10 


421 


10,579 


May 


June 


— 


164 


250 


5,109 


310 


78 


3,235 


9,146 


990 


155 


18 


421 


10,731 


June 


July 


- 


192 


129 


5,136 


337 


83 


3,153 


9,030 


990 


148 


28 


433 


10,629 


July 


Aug. 


- 


184 


125 


5,199 


336 


31 


3,178 


9,103 


990 


148 


27 


445 


10,712 


Aug. 


Sept. 


' 


122 


208 


5,240 


345 


88 


3,311 


9,312 


981 


148 


25 


455 


10,921 


Sept. 



III. ASSETS} 



Bank of 

Canada 

Deposits 

and 

Notes 



Canadian 

Day-to- 

Day 

Loans 



Government of Canada 
Direct and Guaranteed Securities 5 



Treasury 
Bills 



2 yrs. and 
under 



Other Maturities 



Over 
2 vrs. 



Total 



Other Canadian Securities, Insured Residenti 



Other Canadian Securities} s 



Provincial 
6,7 



Municipal 



Corpor- 
ate 



Total 
t 



Insured 
Residential 
Mortgages 



Call& 
Short 



al Mortgages and LoansS in Canada 



Loans 8 In Canada} 



Provincial 
7 



Municipal 



Other 
9 



Total 
t 



Total 



Canadian 

Dollar 

Items in 

Transit 

(Net) 



Foreign Cash Items, 
Securities & Loans 



Cash 
Items 



Foreign 

Securities 

t 



Loans 
Outside 
Canada 



Customers' 

Liability 

Under 

Acceptances, 

Guarantees, 

& Letters 

of Credit 



All 
Other 
Assets 



Total 
Assets 



As at Dec. 31 
1948 
1949 
1950 
1951 
1952 
1953 
End of 
1953-Feb. 

Mar. 

Apr. 

May 

June 

July 

Aug. 

Sept. 

Oct. 

Nov. 

Dec. 

1954-Jan. 
Feb. 
Mar. 
Apr. 
May 
June 
July 
Aug. 
Sept. 



738 
753 
810 
892 



833 
879 
805 
887 
861 
865 
879 
945 



878 
903 
873 
847 
852 
762 
790 
783 



56 



52 
63 



129 
126 
129 
236 
138 
244 



288 
283 
321 
267 
253 
282 
282 
195 
221 
244 

282 
278 
292 
287 
266 
303 
361 
401 
431 



656 
763 
694 
499 
869 
482 



784 
768 
584 
594 
656 
654 
676 
613 
474 
482 

519 

507 

1,270 

1,207 

1,157 

784 

976 

984 

1,027 



2,173 
2,224 
2,256 
2,019 
1,777 
2,034 

1,791 
1,951 
1,987 
2,009 
1,992 
1,877 
1,877 
1,884 
1,917 
2,035 
2,034 

2,051 
2,066 
1,213 
1,278 
1,367 
1,706 
1,722 
1,785 
1,823 



2,959 
3,112 
3,079 
2,754 
2,784 
2,760 

2,940 
3,024 
3,038 
2,915 
2,854 
2,787 
2,813 
2,843 
2,726 
2,730 
2,760 

2,853 
2,851 
2,776 
2,772 
2,790 
2,793 
3,060 
3,169 
3,280 



408 
408 
385 
321 
304 
280 

288 
291 
292 
303 
300 
291 
291 
289 
289 
281 
280 



261 
259 
264 



258 
259 



140 
161 
194 
167 
159 
152 

161 

162 
165 
163 
161 
161 
160 
158 
158 
154 
152 

152 
153 
151 
152 
151 
146 
160 
161 
158 



450 
382 
402 
393 
370 
341 

361 
345 
368 
368 
369 
362 
363 
356 
350 
344 
341 

343 
345 
342 
335 
334 
330 
328 
326 
326 



951 
981 
881 
834 
773 

810 

798 
825 
834 
830 
814 
814 
803 
798 
780 
773 

764 
766 
754 
746 
748 
745 
755 
745 
742 



For periods prior to July 1954 all figures in this section are daily averages. 
1 : " ri - vith section 71 of the Bank Act of 1954, 



1 

4 
11 
23 



101 
133 
134 
107 
155 
154 

141 
140 
152 
138 
123 
125 
135 
110 
144 
152 
154 

143 

197 
167 
144 
215 
183 
143 
122 
112 



83 
62 
72 
68 
79 
65 

38 
20 
22 
20 
18 
11 
13 
23 
39 
60 
65 

54 
32 



18 
22 



56 
72 
84 
94 
97 



116 
129 
130 
120 
100 
101 
105 
113 
110 
108 



105 
116 
140 
142 
141 
153 
134 
123 
117 



2,078 
2,175 
2,652 
2,901 
3,189 
3,791 

3,182 
3,263 
3,373 
3,402 
3,469 
3,543 
3,621 
3,648 
3,719 
3,857 
3,791 

3,814 

3,825 

3,756 

3,777 

3,778 

3,7529 

3,781 

3,776 

3,750 



2,317 
2,442 
2,941 
3,171 
3,519 
4,105 

3,477 
3,551 
3,677 
3,681 
3,709 
3,780 
3,875 
3,894 
4,012 
4,177 
4,105 

4,116 
4,170 
4,069 
4,072 
4,141 
4,092 
4,067 
4,039 
4,002 



3,315 
3,392 
3,922 
4,052 
4,353 
4,878 

4,287 
4,349 
4,502 
4,515 
4,540 
4,594 
4,689 
4,699 
4,810 
4,957 
4,878 

4,879 
4,936 
4,823 
4,818 
4,889 
4,837 
4,826 
4,795 
4,767 



374 
306 
431 
512 
752 
751 

522 
630 
543 
568 
720 
550 
558 
630 
624 
638 
751 

560 
536 
662 
614 
667 
784 
505 
508 
624 



250 
276 
265 
254 
283 
280 

281 
314 
299 
303 
291 
280 
288 
288 
270 
266 
280 

254 
262 
295 
272 
284 
279 
278 
255 
273 



244 
244 
196 
206 
262 
244 

257 
243 
255 
259 
261 
265 
251 
259 
236 
231 
244 

284 
247 
242 
260 
241 
265 
281 
305 
314 



318 
280 
347 
409 
435 
540 

451 

421 
447 
441 
448 
432 
446 
424 
467 
513 
540 

521 

518 
538 
541 
536 
542 
532 
516 
490 



206 
164 
258 
225 
199 
155 

208 
209 
209 
195 
187 
178 
173 
172 
178 
166 
155 

159 

158 
160 
160 
161 
155 
148 
148 
148 



113 
124 
135 
154 
160 
160 

163 
164 
164 
161 
163 
164 
165 
167 
163 
163 
160 

161 
162 
163 
163 
164 
169 
170 
174 
179 



8,517 
8,653 
9,443 
9,458 
10,128 
10,656 

9,968 
10,186 
10,336 
10,163 
10,351 
10,110 
10,248 
10,358 
10,418 
10,546 
10,656 

10,531 
10,548 
10,561 
10,472 
10,579 
10,731 
10,629 
10,712 
10,921 



As at Dec. 31 

1948 

1949 

1950 

1951 

1952 

1953 
End of 
Feb.-1953 
Mar. 
Apr. 
May 
June 
July 
Aug. 
Sept. 
Oct. 
Nov. 
Dec. 

Jan.-1954 

Feb. 

Mar. 

Apr. 

May 

June 

July 

Aug. 

Sept. 



* vi j^ci 'una yi i\Ji iu juiy i?Ji an nguici in 1 1 n> m_i_ uxi i . 1 i i_- u, u i v Li vt-j .! ys. 

From July 1954, in accordance with section 71 of the Bank Act of 1954, 
Bank of Canada deposits are averages of the juridical davs in the month 
shown while Bank of Canada notes and Canadian dollar deposit liabilities 



shown while Bank of Canada notes and Canadian dollar deposit liabilities 
are averages of the 4 consecutive Wednesdays ending with the second last 
Wednesday in the previous month. 

The classification of chartered bank assets and liabilities was revised by 
the Bank Act of 1954. Figures for the end of July 1954 are on the new 



basis and, except for "Other Loans in Canada" (see footnote 9^ adjustments 
have been made to put figures for earlier dates on a comparable basis, 
from July 1954 the figures are not adjusted for items in transit and are 
not strictly comparable with the figures in this section for earlier periods, 
fnor to July 1st. 1954, the statutory minimum requirement was 5 per 
cent lor each day; since that date it has been a monthly average of 8 
per cent, calculated as described in footnote *.* 
Mainly deposits of foreign banks. 



Capital, rest fund, and undivided profits as at the latest fiscal year-end. 

Including issues payable in foreign currency. 

Includes securities guaranteed by provincial governments. 

Securities purchased direct from issuer with a term of less than one year 

at time of issue are classified as loans. 

Excluding Canadian dav-to-day loans. 

Figures for June 30. 1954 and later are not adjusted for items in transit 

and are not strictly comparable with those for earlier dates. The figure 



for June 30, 1954, after adjustment for items in transit, was 3,789. 
Includes deposits with other banks in foreign currencies, foreign bank 
notes gold and coin outside Canada and foreign currency items in transit 
(net). 

Includes bank premises, shares of and loans to controlled corporations, 
gold and coin in Canada, Canadian dollar deposits with other banks, 
non-current loans and other assets 
Preliminary. J Revised. 



OCTOBER 1954 



188 



£D BANKS 

itimates 1 

Canada 



Millions of Dollars 



sidential Mortgages ; 


ind Loans! in Canada 










Canadian Dollar Deposits 


All 
Other 






Loans! in Canada 


























Can. Svgs. 


AH 




Total 




Personal 


All 


Total 


{net) 




Vovincial 

3 


Municipal 
3 


Grain 

4 


Bonds 

5 


Other 

6 


Total 


t 




Savings 


Other 




7 


























Av. of Wednesdays 


19 


108 


303 


25 


3,296 


3,870 


4,675 




4,927 


3,784 


8,711 


321 


Sept.— 1953 


24 


110 


337 


12 


3,346 


3,948 


4,742 




4,918 


3,853 


8,771 


322 


Oct. 


43 


106 


352 


102 


3,344 


4,116 


4,895 




4,788 


4,020 


8,808 


309 


Nov. 


G5 


103 


365 


173 


3,263 


4,122 


4,892 




4,744 


4,098 


8,842 


316 


Dec. 


59 


98 


416 


153 


3,223 


4,096 


4,856 




4,777 


4,045 


8,822 


244 


Jan. —1954 


41 


107 


419 


135 


3,247 


4,157 


4,918 




4,846 


4,038 


8,884 


212 


Feb. 


21 


127 


409 


117 


3,244 


4,090 


4,845 




4,931 


3,845 


8,776 


274 


Mar. 


11 


141 


405 


99 


3,240 


4,061 


4,801 




4,975 


3,748 


8,723 


257 


Apr. 


9 


139 


401 


83 


3,280 


4,073 


4,813 




5,011 


3,766 


8,777 


268 


May 


9 


144 


382 


66 


3,327 


4,159 


4,900 




5,092 


3,849t 


8,941 1 


375] 


June 


9 


144 


396 


52 


3,359 


4,109 


4,855 




5,116 


3,780t 


8,895t 


236\ 


July 


12 


126 


415 


39 


3,345 


4,070 


4,823 




5,164 


3,834f 


8,998 1 


215\ 


Aug. 


21 


114 


399 


26 


3,350 


4,019 


4,774 




5,221 1 


3,882f 


9,103 


252 


Sept. 


27 


115 


367 


13 


3,379 


4,108 


4,887 




5,295 


4,037 


9,333 


253 


Oct. 
28 July —1954 


9 


132 


399 


47 


3,344 


4,072 


4,825 




5,119 


3,896f 


9,015f 


266\ 


8 


129 


409 


44 


3,355 


4,085 


4,842 




5,164 


3,867t 


9,031 f 


266\ 


4 Aug. 


11 


125 


418 


41 


3,354 


4,087 


4,841 




5,158 


3,815f 


8,973f 


m\ 


11 


14 


126 


414 


37 


3,334 


4,057 


4,805 




5,167 


3,811f 


8,979 


211\ 


18 


16 


123 


417 


34 


3,336 


4,053 


4,801 




5,167 


3,841 


9,008 


199 


25 


15 


127 


415 


32 


3,338 


4,048 


4,798 




5,211 


3,870 


9,081 


270 


1 Sept. 


21 


109 


408 


29 


3,361 


4,031 


4,783 




5,222 


3,812 


9,034 


193 


8 


22 


108 


397 


27 


3,347 


4,006 


4,760 




5,222 1 


3,898f 


9,120 


301 


15 


23 


112 


394 


24 


3,337 


3,992 


4,749 




5,223 


3,887 


9,109 


241 


22 


27 


114 


382 


21 


3,367 


4,017 


4,778 




5,229 


3,943 


9,172 


254 


29 


22 


116 


376 


18 


3,397 


4,153 


4,922 




5.296 


4,035 


9,330 


256 


6 Oct. 


25 


115 


364 


15 


3,386 


4,103 


4,874 




5,298 


4,051 


9,350 


304 


13 


30 


114 


364 


12 


3,369 


4,089 


4,874 




5,292 


4,006 


9,298 


222 


20 


31 


116 


363 


8 


3,365 


4,085 


4,876 




5,296 


4.059 


9,354 


229 


27 



5. Loans to finance the purchase of Canada Savings Bonds at time of issue. 

6. The figures for "All Other" loans are not adjusted for items in transit and, 
therefore, prior to June 30, 1954, are not on quite the same basis as those 
shown in section III of the table on pages 185 and 186. 



7. The net of all Canadian and foreign asset and liability items not shown 
elsewhere in the table. Changes in this total are normally mainly due to 
changes in cheques and other items in transit. 

t Excluding Canadian day-to-day loans. t Revised. 



CHARTERED BANKS: AGRICULTURAL, INDUSTRIAL AND COMMERCIAL LOANS 1 



MILLIONS OF DOLLARS 

1250 



MILLIONS or DOLLARS 

1250 



1000 




750 



500 



250 



1951 
1 . Excluding loans to grain dealers. 



1952 1953 

Including loans to instalment finance companies. 



■ tl 



189 



Millions of Dollars 



OCTOBER 1954 

GENERAL PUBLIC HOLDINGS 

Currency, Bank Deposits and 

Bank of 



1. CANADIAN DOLLAR CURRENCY AND BANK DEPOSITS HE 



Currency and Active Bank Deposits 



Currency 
Outside Banks 



Notes Coin 



1,191 
1,289 
1,335 

1,290 
1,333 
1,302 
1,291 
1,345 
1,303 
1,335 

1,293 
1,305 
1,270 
1,325 
1,288 
1,326 
1,354 
1,314 
1,324 



84 
88 
94 



92 
92 
92 
94 
94 
94 

93 
93 
89 
94 
94 
94 
95 



Total 



1,275 
1,377 

1,429 

1,378 
1,425 
1,394 
1,383 
1,439 
1,397 
1,429 

1,386 
1,398 
1,359 
1,419 
1,382 
1,420 
1,449 
1,408 
1,418 



Active Bank Deposits l 



Chartered Banks 



Public 
Demand 



2,993 
3,373 
3,368 

3,279 
3,162 
3,255 
3,292 
3,299 
3,246 
3,368 

3,110 
3,018 
3,126 
3,106 
3,214 
3,235 
3,153 
3,178 
3,311 



Active 
Notice 



717 
796 
823 

835 
839 
851 
855 
844 
829 
823 

832 
845 
858 
868 
875 
884 



Other 

excl. 
Govt, of 
Canada 



281 
289 
236 

347 

246 
212 
294 
234 
185 
236 

260 
214 
343 
279 
246 
328 
212 
207 
294 



Total 



3,992 
4,458 
4,427 

4,462 
4,247 
4,317 
4,441 
4,376 
4,260 
4,427 

4,202 
4,077 
4,327 
4,253 
4,336 
4,447 
4,254 
4,294 
4,511 



Less: 
Float 



490 
706 
752 

708 
587 
589 
627 
656 
677 
752 

583 
556 
619 
636 
681 
784 
505 
508 
624 



Net 
Total 



3,502 
3,751 
3,675 

3,753 
3,661 
3,728 
3,815 
3,721 
3,584 
3,675' 

3,619 
3,521 
3,710 
3,618 
3,654 
3,663 
3.748 
3,786 
3,887 



Bank of 
Canada 
"Other" 
Deposits 



45 
30 



35 
38 
37 
43 
30 

29 
34 
29 
27 
30 
41 
31 
32 
26 



Total 



Total 

Currency 

and 

Active 

Bank 

Deposits 



3,568 
3,796 

3,705 

3,836 
3,730 
3,763 
3,853 
3,758 
3,627 
3,705 

3,648 
3,555 
3,739 
3,645 
3,684 
3,704 
3,779 
3,818 
3,913 



4,843 
5,173 
5,134 

5,214 
5,155 
5,157 
5,236 
5,197 
5,024 
5,134 

5,034 
4,953 
5,098 
5,064 
5,066 
5,124 
5,228 
5,226 
5,331 



OCTOBER 1954 

OF CERTAIN LIQUID ASSETS* 

Government of Canada Securities 

Canada 



LP BY THE GENERAL PUBLIC, AND RELATED BANK ASSETS 



190 



Millions of Dollars 



Inactive 

Chartered 

Bank 

Notice 

Deposits 



3,894 
4,129 
4,211 

4,291 
4,313 
4,355 
4,371 
4,304 
4,239 
4,211 

4,261 
4,317 
4,387 
4,444 
4,502 
4,535 
4,584 
4,626 
4,678 



Total 

Currency 

and 

Bank 

Deposits 

Total 

Related 

Bank 

Assets 



8,737 
9,302 
9,345 

9,505 
9,468 
9,512 
9,607 
9,501 
9,263 
9,345 

9,295 
9,270 
9,485 
9,508 
9,568 
9,659 
9,813 
9,852 
10,009 



Related Bank Assets 



Government of Canada debt 

held by Bank of Canada 

and Chartered Banks 



Total 



4,945 
5,011 
5,030 

5,112 
5,077 
5,058 
5,053 
5,008 
5,004 
5,030 

5,061 
5,127 
4,965 
5,044 
5,051 
5,064 
.5,204 
5 332 
5,476 



Less: Govt. 
Deposits 



182 

65 

525 

146 
117 
183 
95 
237 
575 
525 

535 

719 
358 
250 
282 
264 
242 
234 
204 



Net 
Total 



4,763 
4,946 
4,505 

4,966 
4,960 
4,875 
4,958 
4,771 
4,429 
4,505 

4,526 
4,408 
4,607 
4,794 
4,769 
4,800 
4,961 
5,098 
5,272 



Other Related Bank Assets 3 



Chartered Bank Can. Loans 
and non-Govt. Securities 



Canadian 
Loans 



3,171 
3,519 
4,105 

3,709 
3,780 
3,875 
3,894 
4,012 
4,177 
4,105 

4,116 
4,170 
4,069 
4,072 
4,141 
4,148 
4,134 
4,091 
4,065 



Non-Govt. 
Securities 



881 
834 
773 

830 
814 
814 
803 
798 
780 
773 

764 
766 
754 
746 
748 
745 
755 
745 
742 



Total 



4,052 
4,353 
4,878 

4,540 
4,594 
4,689 
4,699 
4,810 
4,957 
4,878 

4,879 
4,936 
4,823 
4,818 
4,889 
4,892 
4,890 
4,836 
4,807 



Bk. of Can. 

Gold and 

Exchange 

holdings 

(net) 



2 
3 

2 
2 
2 
2 
22 
2 
3 

2 
2 
1 
3 
3 
26 
2 
2 
2 



Less: 

All 

Other 

(net) 



125 
-1 

41 



54 
50 
100 
125 
41 

112 

76 

-54 

106 
93 
59 
40 
84 
72 



Total 



3,974 
4,356 
4,840 

4,539 
4,508 
4,637 
4,649 
4,730 
4,834 
4,840 

4,769 
4,862 
4,878 
4,714 
4,799 
4,859 
4,852 
4,754 
4,737 



a3 at Dec. 31 

1951 

1952 

1953 
End of 
June-1953 
July 
Aug. 
Sept. 
Oct. 
Nov. 
Dec. 

Jan.-1954 

Feb. 

Mar. 

Apr. 

May 

June 

July 

Aug. 

Sept. 



2. GOVERNMENT OF CANADA SECURITIES 



Outstanding » 



Direct Funded Debt 



Unmatured 



Special 
Banking 
Issues ° 



1,400 
1,400 
1,400 

1,400 
1,400 
1,400 
1,400 
1,400 
1,400 
1,400 

1,400 
1,400 
1,400 
1,400 
1,400 
1,400 
1,425 
1,445 
1,465 



Other 

Market 
Issues 



12,225 
12,020 
12,090 

12,055 
12,065 
12,075 
12,077 
12,092 
12,090 
12,090 

12,090 
12,090 
11,619 
11,619 
11,619 
11,622 
11,722 
11,722 
11,722 



Non- 
market 
Debt 10 



1,194 
1,250 
1,632 

1,143 
1,126 
1,109 
1,091 
1,167 
1,632 
1,632 

1,605 
1,585 
1,562 
1,539 
1,517 
1,494 
1,475 
1,457 
1,440 



Total 



14,819 
14,670 
15,122 

14,598 
14,591 
14,584 
14,568 
14,658 
15,122 
15,122 

15,095 
15,074 
14,582 
14,558 
14,536 
14,516 
14,622 
14,624 
14,627 



Matured 

and 

out- 
standing 



21 
19 
19 

17 
17 
18 
18 
19 
19 
19 

19 
20 
62 
51 
47 
71 
59 
53 



Total 



14,840 
14,689 

15,141 

14,615 
14,608 
14,602 
14,586 
14,677 
15,141 
15,141 

15,114 
15,094 
14,644 
14,609 
14,583 
14,587 
14,681 
14,677 
14,676 



Guar- 
anteed 

Un- 
matured 
Funded 
Debt 



529 
528 
523 

528 
527 
527 
527 
527 
527 
523 

523 
673 
673 
673 
673 
673 
673 
673 
673 



Exchange 
rate ad- 
justment 



Total 

(including 
exchange 
rate adjust- 
ment) 



-27 



-33 
-35 
-35 
-38 
-37 
-38 
-37 

-38 

-40 
-35 
-31 
-34 
-34 
-37 
-38 
-38 



^ The term General Public refers to holdings of non-residents as well as 
residents; for an approximate division between resident and non-resident 
holdings on a quarterly basis and of resident holdings between corporate 
and non-corporate holdings as at year-ends see pages 140-150. 

1. Total Canadian dollar deposits of the chartered banks and the Bank of 
Canada less: (a) Inactive chartered bank notice deposits which consist of 
the estimated aggregate minimum quarterly balances in chartered banks' 
personal savings deposits in Canada plus other notice deposits; (b) Float, 
i.e. cheques and other items in transit (net); (c) Canadian dollar deposits 



15,342 
15,174 
15,627 

15,110 
15,099 
15,093 
15,075 
15,166 
15,630 
15,627 

15,599 
15,727 
15,282 
15,251 
15,222 
15,226 
15,317 
15,312 
15,311 



DlSTRIB 



UTION 12 



Bank 

of 

Canada 



2,191 
2,227 
2,270 

2.,258 
2,290 
2,245 
2,211 
2,282 
2,273 
2,270 

2,209 
2,276 
2,189 
2,272 
2,261 
2,270 
2,144 
2,163 
2,196 



Chartered 
Banks 



Govern- 
ment 
Accounts 



2,754 
2,784 
2,760 

2,854 
2,787 
2,813 
2,843 
2,726 
2,730 
2,760 

2,853 
2,851 
2,776 
2,772 
2,790 
2,793 
3,060 
3,169 
3,280 



1,009 
1,101 
1,314 

1,207 
1,220 
1,236 
1;251 
1,262 
1,271 
1,314 

1,304 
1,261 
1,151 
1,139 
1,137 
1,142 
1,147 
1,155 
1,189 



General 
Public 



9,388 
9,062 
9,283 

8,791 
8,802 
8,799 
8,770 
8,896 
9,356 
9,283 

9,233 
9,339 
9,166 
9,068 
9,034 
9,021 
8,966 
8,825 
8,646 



of the Government of Canada at the chartered banks and the Bank of 
Canada (shown in "Related Bank Assets" section); (d) Canadian dollar 
deposits of the chartered banks at the Bank of Canada. 

2. See footnote 1 (a). 

3. Net assets of the chartered banks and Bank of Canada other than Govern- 
ment of Canada Securities plus coin held outside banks. 

4. See footnote 1 (c). 

5. For estimated quarterly classification of Canadian loans see page 191. 

6. Provincial, Municipal and Corporate securities. 



3. TOTAL OF CERTAIN LIQUID ASSETS HELD BY THE GENERAL PUBLIC, 
AND RELATED FACTORS 


Liquid Assets 


Total 
Liquid 

Assets 

Total 
Related 
Factors 


Related Factors 

15 




Currency 

and 

Active 

Bank 

Deposits 


Inactive 
Char- 
tered 
Bank 
Notice 

Deposits 


Govt, of Canada 
Securities 


Bank 

Assets 

other than 

Govt, of 

Canada 

Securities 

14 


Govt, of 
Can. Debt 
less Govt. 
Deposits & 
holdings of 
Govt. Accts 




Market 

Issues 

13 


Non- 
market 
10 


Total 




4,843 
5,173 
5,134 

5,214 
5,155 
5,157 
5,236 
5,197 
5,024 
5,134 

5,034 
4,953 
5,098 
5,064 
5,066 
5,124 
5,228 
5,226 
5,331 


3,894 
4,129 
4,211 

4,291 
4,313 
4,355 
4,371 
4,304 
4,239 
4,211 

4,261 
4,317 
4,387 
4,444 
4,502 
4,535 
4,584 
4,626 
4,678 


8,194 
7,812 
7,651 

7,648 
7,676 
7,690 
7,679 
7,729 
7,724 
7,651 

7,628 
7,754 
7,604 
7,529 
7,517 
7,527 
7,491 
7,368 
7,206 


1,194 
1,250 
1,632 

1,143 
1,126 
1,109 
1,091 
1,167 
1,632 
1,632 

1,605 
1,585 
1,562 
1,539 
1,517 
1,494 
1,475 
1,457 
1,440 


9,388 
9,062 
9,283 

8,791 
8,802 
8,799 
8,770 
8,896 
9,356 
9,283 

9,233 
9,339 
9,166 
9,068 
9,034 
9,021 
8,966 
8,825 
8,646 


18,125 
18,364 
18,628 

18,296 
18,270 
18,311 
18,377 
18,397 
18,619 
18,628 

18,528 
18,609 
18,651 
18,576 
18,602 
18,680 
18,779 
18,677 
18,655 ! 


3,974 
4,356 
4,840 

4,539 
4,508 
4,637 
4,649 
4,730 
4,834 
4,840 

4,769 
4,862 
4,878 
4,714 
4,799 
4,859 
4,852 
4,754 
4,737 


14,151 
14,008 
13,788 

13,757 
13,762 
13,674 
13,729 
13,667 
13,785 
13,789 

13,759 
13,747 
13,773 
13,862 
13,803 
13,820 
13,928 
13,923 
13,918 


as at Dec. 31 

1951 

1952 

1953 
End of 
June-1953 
July 
Aug. 
Sept. 
Oct. 
Nov. 
Dec. 

Jan.-1954 

Feb. 

Mar. 

Apr. 

May 

June 

July 

Aug. 

Sept. 



7. The net of all related asset and liability items of the chartered banks and 
Bank of Canada which are not shown elsewhere in this table, including 
foreign currency items and shareholders equity, and coin held outside banks. 

8. Net of sinking fund holdings. 

9. Treasury Bills; Deposit Certificates and short-term notes issued directly 
to the Bank of Canada and chartered banks. 

10. Refundable Tax, War Savings Certificates and Canada Savings Bonds. 

11. Adjustment necessary to change value of foreign pay securities from £l => 
4.86$ U.S. =4.86f Cdn. to current rates of exchange. Official mid-rates of 
exchange have been used to September 30, 1950 and market rates thereafter. 



12. For detailed breakdown of distribution of Government of Canada debt as 
at year-ends see November 1953 Statistical Summary, pages 187-188. 

13. Including any special banking issues held by the general public. 

14. As shown in "Other Related Bank Assets", Section 1 above. 

15. The whole of the increase or decrease in Canada's foreign exchange 
reserves is embodied in the related factors. To the extent that such 
changes do not appear in Section 1, "Related Bank Assets", under the 
heading "Bank of Canada Gold and Exchange holdings (net)" they 
affect changes in Government of Canada Securities outstanding. 



191 



OCTOBER 1954 



Millions of Dollars 



CHARTERED BANKS 
Estimated Quarterly Classification of Loans in Canada 1 

Department of Finance and Bank of Canada 



AS AT END OF 



1. Government and Other Public Services 

(1) Provincial governments 2 

(2) Municipal governments and school districts 2 

(3) Religious, education, health and welfare institutions . 

Total Government and Other Public Services.. 

2. Financial 

(1) Investment dealers and brokers to the extent 

payable on call or within thirty days 

(2) Trust, loan, mortgage, investment and insurance 

companies and other financial institutions 

Total Financial 3 

3. Personal 

(1) Individuals, for other than business purposes, on the 

security of marketable stocks and bonds 

(2) Individuals, for other than business purposes, 

not elsewhere classified 

Total Personal 

4. Agricultural, Industrial and Commercial 

(1) Farmers 

(2) Industry: 

(a) Chemical and rubber products 

(b) Electrical apparatus and supplies 

(c) Food, beverages and tobacco 

(d) Forest products 

(e) Furniture 

(f) Iron and steel products 

(g) Mining and mine products 

(h) Petroleum and products 

(i) Textiles, leather and clothing 

(j) Transportation equipment 

(k) Other products 

Total Industry 

(3) Public utilities, transportation & communications 

(4) Construction contractors 

(5) Grain dealers and exporters 

(6) Instalment finance companies 

(7) Merchandisers 

(8) Other business 

Total Agricultural, Industrial & Commercial 
TOTAL LOANS IN CANADA 



1952 



Sept. 



63. 2 1 
102.4 
43.3 



208.9f 

135.2 
107.5 



242.7 

274.3 
228.0 



502.3 



334.2 

30.3 

22.9 

168.4 

136.5 

14.4 

95.6 

48.0 

32.8 

158.0 

52.8 

53.1 



812.8 

67.5 
158.7 
186.5 
149.4 
484.0 
139.4f 



2,332.5f 



3,286.4f 



1953 



June 



15.91 

967 

43.5 



156.lt 

123.0 
122.9 



245.9 

331.4 
283.4 



614.8 



318.4 

33.4 
28.2 

150.5 

155.3 
16.3 

137.3 
53.1 
44.3 

180.0 
56.4 
53.8 



908.6 

67.0 
169.9 
229 1 
243.7 
583.2 
174.3f 



2,694.2f 



3,711.0f 



Sept. Dec, 



23. 2 f 
109.4 
47.1 



179.7t 

110.1 
122.6 



232.7 

300.2 
298.2 



598.4 



354.0 

43.4 
41.9 

162.8 

139.8 
17.6 

124.5 
62.0 
55.6 

199.5 
52.8 
58.9 



958.8 

61.7 
175.0 
310.7 
249.3 
595.8 
179.8f 



2,885.1f 



3,895.9f 



64.8t 

92.1 

51.9 



208.8| 

153.7 
111.7 



265.4 

434.2 
308.4 



742.6 



333.5 

57.0 
38.4 

186.4 

129.1 
16.5 

116.1 
67.9 
60.5 

164.2 
55.8 
54.1 



946.0 

59.7 

162.7 
391.2 
226.3 
584.2 
186.6f 



2,890.2f 



4,107.0t 



1954 



Mar. 



6.3f 
136.3 
56.2 



198.8f 

167.1 
125.3 



292.4 

379.0 
311.1 



690.1 



304.6 

64.0 
40.1 

163.9 

148.5 
18.4 

141.0 
66.3 
63.9 

177.6 
59.1 
57.4 



1,000.2 

50.8 
160.0 
394.4 
176.5 
607.8 
195.2f 



2,889.5f 



4,070.8t 



June Sept. l 



4.0f 
149.2 
52.8 



206.0f 

238.6 
126.8 



365.4 

330.9 
332.3 



663.2 



333.9 

69.2 
43.5 

156.1 

150.9 
18.4 

133.0 
73.8 
79.4 

162.3 
54.9 
59.8 



1,001.3 

59.0 
188.2 
382.2 
153.8 
629.8 
201. 4f 



2,949.6f 



4,184.2f 



1. The figures for September of each year have been published by the Department of Finance; all other figures are estimated. Figures for Sept. 30. 1954 are not 
strictly comparable with those for earlier dates owing to the fact that adjustments are no longer made for items in transit. The adjustment to total loans at June 30, 
1954 was +35.5. 2. Securities purchased direct from issuer with a term of less than one year at time of issue are included in loans. 3. Excluding borrowings 
by instalment finance companies, and by individuals on the security of marketable stocks and bonds. f Revised. 



OCTOBER 1954 



192 



BOND ISSUES AND RETIREMENTS ' 



Par Values in 


Millions of Canadian Dollars 


2 


Bank of Canada 










I-Govt. of Canada Direct & 
Guaranteed and Other C.N.R. 3 




11-Provincial Direct and Guaranteed 




New Issues 


Retirements 


Net New 

Issues 


New Issues 


Retirements 


Net New 




New 


Refunding 


Refunded 


Other 


Issues 


Calendar Years 


















1949 


820.7 


1,236.7 


-416.0 




409.5 


54.1 


73.5 


78.3 


311.8 


1950 


2,191.7 


2,282.6 


-90.9 




276.9 


132.2 


131.8 


146.5 


130.8 


1951 


591.6 


922.1 


-330.5 




329.2 


90.1 


74.9 


137.2 


207.1 


1952 


827.1 


956.8 


-129.7 




378.0t 


69.8 


84 .8t 


102.5t 


260.5t 


1953 


2,032.6 


1,591.2 


441.4 




357.5t 


33.4 


33.4 


126.8t 


230.7t 


1953—1 


377.4 


391.3 


-13.9 




152.2t 


3.8 


3.8 


39.3 


112.8t 


II 


10.7 


74.8 


-64.1 




62.4 


26.0 


3.7 


27.4 


57.3 


III 


30.3 


62.1 


-31.8 




45.9 


3.7 


- 


27.0 


22.5 


IV 


1,614.2 


1,063.0 


551.2 




97.lt 


- 


26.0 


33 .0t 


38.lt 


1954—1 


200.7 


594.3 


-393.6 




207.0t 


4.7t 


3.5t 


28.3 


179.9t 


II 


850.0 


916.0 


-66.0 




93.7 


29.1 


17.7t 


32.4 


72.7t 


III 


200.0 


156.2 


43.8 




19.1 


43.7 


56.5 


38.2 


-31.9 





II I - Corporations 




New Issues 


Retirements 


Net New 

Issues 




New 


Refunding 


Refunded 


Other 


Calendar Years 












1949 


254.9 


41.8 


41.8 


86.6 


168.3 


1950 


438.7 


55.6 


55.6 


91.1 


347.6 


1951 


394.4 


17.1 


17.1 


114.0 


280.4 


1952 
1953 


523. 4 t 
442.4 f 


30.3 
1.2 


30.3 
1.2 


155.7 
127.5t 


367.7t 
314.9t 


1953—1 
II 
III 
IV 


178.lt 

104.2t 

70.7t 

89.3 1 


.2 
.4 
.6 


.2 
.4 
.6 


41.2t 
28.2t 
25.3t 
32. 8 1 


136.9t 
76.0t 

45.5t 
56.5t 


1954—1 
II 

III 


178.8t 

157.lt 

80.6 


.7 

12.4 

.2 


.3 

12.9 

.2 


18.7t 
48.8t 
20.7 


160.5t 

107.8J 

59.9 



I+II+III 



Net New 
Issues 



64.0 
387.5 
157.0 
498.5t 
987.0t 

235.8t 
69.2J 
36.lt 

645.9t 

-53.2t 

114.5t 

71.7 



IV-Govt.ofCanadaTreasuryBills, 


Deposit Certificates and Short- 


Term Notes Sold Di rectlyto Bank 


of Canada and Chartered Banks 


Net New 


Total 
Outstanding 


Issues 


at End of Period 


-100 


1,200 


300 


1,500 


-100 


1,400 


- 


1,400 


- 


1,400 


150 


1,550 


-150 


1,400 


- 


1,400 


- 


1,400 


_ 


1,400 


- 


1,400 


65 


1,465 



SUMMARY OF CHANGES IN CURRENCY OF PAYMENT l ' 4 

GOVERNMENT OF CANADA AND PROVINCIAL DIRECT AND GUARANTEED, OTHER C.N.R. 
2 AND CORPORATION BONDS 



Par Values in Millions of Canadian Dollars 





NEW ISSUES were payable In: 




Retirements 


were payable In: 




Net Increase 
In Bonds Outstand- 




Canada 
only 


New York 
only 


Canada & 
New York 


London 


Total 


Canada 
only 


New York 
only 


Canada & 
New York 


Canada, 
New York 
& London 


London 

S 


Total 


In Canada 
only 


Abroad 


Calendar Years 




























1949 

1950 
1951 
1952 
1953 


1,480.8 

2,874.0 

1,144.5 

l,571.8t 

2,615.9t 


100.0 

137.5 
277.8 
203.lt 
238.8t 


83.5 

53.8 
12.5 


.2 
.1 
.1 


1,581.0 

3,095.1 

1,422.4 

l,828.7t 

2,867.2t 


1,396.6 

2,444.1 

1,140.5 

l,278.0t 

l,837.5t 


8.8 

126.6 
10.0 
11.2t 
16.8t 


10.9 
78.9 
38.2 
29.3 
12.8 


91.4 

45.7 

61.9 

9.2 

5.7 


9.2 

12.4 
14.9 
2.5 

7.4 


1,516.9 

2,707.6 

1,265.4 

l,330.2t 

l,880.2t 


84.2 
430.0 
4.0 
293.7t 

778.4 1 


-20.2 

-42.5 

153.0 

204.8t 

208.6t 


1953—1 
II 
III 
IV 


621.8t 

171.2t 

108.6t 

l,714.3t 


77.3 
32.5 

42.6t 
86.4 


12.5 


- 


711.6t 

203.7 f 

151.2t 

1,800.7| 


463. 9 t 

124.3t 

106.3t 

l,142.9t 


7.3t 
2.9 
3.5t 
3.1t 


2.6 
3.8 
2.3 

4.1 


1.6 

2.4 

.1 

1.6 


.4 
1.2 

2.8 
3.1 


475.8t 

134.5t 

115.0t 

l,154.8f 


157.9t 

47.0t 

2.2t 

571.4t 


77.9t 
22.2t 
33.9t 

74.5t 


1954—1 
II 
III 


439. 6 1 

l,093.3t 

322.7 


137.4 

48.9 
20.8 


15.0 


- 


592.0t 
l,142.3t 
343.5 


640.lt 
982.lt 
246.5 


■5t 
31.6t 
13.3 


2.6 

7.9 

11.4 


1.6 

5.7 
.1 


.4 
.4 
.4 


645.2t 
l,027.8t 
271.8 


-200.6t 

111.2t 

76.2 


147.4t 
3.3t 
-4.4 



1. Subject to revision. The figures exclude changes in refundable taxes, 
provincial treasury bills and the issues and retirements of municipalities 
and religious institutions. The net repayments of refundable taxes were 

287, 56, 90 and 24 from 1949 to 1952 and the net increases in municipal 3. 
bonded debt are estimated to have been 105, 136, 176. 185 and 181 from 4. 
1949 to 1953. 5. 

2. Foreign currencies have been converted to Canadian dollars at official t 



rates of exchange to Sept. 30, 1950, and at market noon rates thereafter. 

In the case of optional-pay issues the option most favourable to the lender 

has been taken. 

Excludes issues shown in item IV below. 

Excludes issues shown in item IV above. 

Including issues payable optionally in Canada or London. 

Revised. 



Ill 



193 



Millions of Dollars 


























Can. Govt. Securities 




Government of Canada 


Char- 


Held by Bk. of Can. 






Treasury Bills 




Under Purchase and 












Banks 

Day-To- 

Day Loans 


Resale Agreements 






Held By 


At 
Month End 


Maximum 




Total Out- 
standing 


Bank of 
Canada 


Chartered 
Banks 


Others 


During 
Month 


End of 
1953 — Jan. 


425 


184 


219 


22 


_ 


8 


10 


Feb. 


550 


251 


265 


34 


- 


5 


9 


Mar. 


600 


236 


288 


76 


- 


12 


16 


Apr. 


650 


304 


283 


63 


- 


11 


13 


May 


650 


289 


321 


41 


- 


17 


17 




650 


340 


267 


43 


- 


22 


22 


July 


650 


354 


253 


42 


- 


16 


23 


Aug. 


650 


335 


282 


33 


- 


23 


25 




650 


332 


282 ' 


36 


- 


21 


26 


Oct. 


650 


407 


195 


47 


- 


13 


21 


Nov. 


650 


380 


221 


49 


- 


16 


19 


Dec. 


650 


374 


244 


31 


- 


22 


23 


1954— Jan. 


650 


335 


282 


33 


_ 


25 


27 


Feb. 


650 


325 


278 


47 


- 


31 


37 


Mar. 


650 


301 


292 


57 


- 


28 


35 


Apr. 


650 


315 


• 287 


48 


- 


39 


40 


May 


650 


310 


266 


74 


- 


43 


43 


June 


650 


256 


303 


91 


56 


- 


73 


July 


675 


165 


361 


148 


68 


- 


- 


Aug. 


695 


134 


401 


161 


52 


- 


- 


Sept. 


715 


94 


431 


190 


63 


- 


- 


Oct. 


740 


161 


* 


* 


* 


14 


32 


As at 
















Oct. 27 


735 


120 


370 


245 


135 









OCTOBER 1954 


OCTOBER 1954 


















194 


MARKET STATISTICS 


AND GOVERNMENT BOND YIELDS 










Bank of 


Canada 










Percentages Per Annum 




INTEREST RATES 




Chartered Bank 
Day-To-Day Loans 




Yields on Government 


of Canada Securities 








Treasury Bills 2 




Theoretical Bonds i 
















(Fifteenth of each month) 










Daily 
Average I 


High 


Low 


3 

Months 


9 
Months 


1 
Yr. 


2 
Yrs. 


3 

Yrs. 


5 
Yrs. 


10 

Yrs. 


15 
Yrs. 


20 
Yrs. 


25 

Yrs. 




- 


- 


- 


1.35 
1.47 
1.51 
1.53 
1.57 
1.69 
1.75 
1.81 


2.36 
2.33 
2.44 
2.45 
2.53 
2.57 
2.63 


2.81 

2.78 
2.83 
2.86 
2.94 
3.00 
3.02 
3.10 


3.07 
3.08 
3.11 
3.14 
3.21 
3.28 
3.28 
3.36 


3.21 

3.22 
3.24 
3.27 
3.28 
3.37 
3.38 
3.45 


3.50 

3.44 
3.43 
3.43 
3.48 
3.54 
3.57 
3.64 


3.68 
3.64 
3.58 
3.58 
3.64 
3.76 
3.74 
3.72 


3.63 
3.65 
3.65 
3.66 
3.69 
3.72 
3.72 
3.73 


3.74 
3.77 
3.77 
3.77 
3.80 
3.82 
3.82 
3.82 


3.86 
3.88 
3.88 
3.88 
3.92 
3.92 
3.92 
3 92 


1953— Jan. 
Feb. 
Mar. 
Apr. 
May 
June 
July 
Aug. 
Sept. 


- 


- 


- 


1.91 


2.73 


3.17 


3.41 


3.49 


3.65 


3.79 


3.75 


3.84 


3.93 


- 


- 


- 


1.94 


2.75 


3.04 


3.48 


3.54 


3.66 


3.75 


3.72 


3.81 


3 91 


- 


- 


- 


1.90 


2.73 


3.05 


3.44 


3.53 


3.71 


3.74 


3.67 


3.74 


3.82 




- 


- 


- 


1.88 


2.65 


2.85 


3.20 


3.44 


3.61 


3.64 


3.61 


3.65 


3.69 


Dec. 


- 


- 


- 


1.86 


2.58 


2.77 


3.03 


3.38 


3.55 


3.57 


3.55 


3.65 


3.74 


1954—Jan. 
Feb 


— 


- 


— 


1.75 


2.38 


2.39 


2.70 


3.12 


3.31 


3.33 


3.44 


3.44 


3.67 


, - 


— 


- 


1.62 


2.01 


2.18 


2.47 


2.74 


3.16 


3.23 


3.27 


3.39 


3.52 




- 


- 


- 


1.58 


1.83 


2.02 


2.22 


2.47 


2.92 


3.01 


3.10 


3.28 


3.37 


Apr. 
May 
June 
July 
Aug. 
Sept. 
Oct. 


- 


— 


- 


1.60 


1.85 


2.02 


2.22 


2.39 


2.72 


2.91 


3.06 


3.20 


3.33 


1.43 


1.50 


1.25 


1.57 


1.87 


2.12 


2.24 


2.39 


2.79 


2.95 


3.09 


3.23 


3.37 


1.16 


1.38 


1.00 


1.38 


1.68 


2.11 


2.28 


2.47 


2.77 


2.97 


3.11 


3.18 


3.38 


1.06 


1.13 


1.00 


1.32 


1.61 


1.74 


1.96 


2.18 


2.56 


2.84 


2.99 


3.13 


3.28 


.95 


1.00 


.88 


1.21 


1.50 


1.68 


1.92 


2.13 


2.51 


2.90 


3.01 


3.15 


3.29 


.96 


1.25 


.75 


1.18 


1.43 


1.61 


1.86 


2.09 


2.46 


2.86 


3.01 


3.17 


3.27 












1.72 


1.97 


2.20 


2.57 


2.89 


3.04 


3.18 


3.28 


As at 
Oct. 29 



1. Average of closing rates. * Not available. 



GOVERNMENT OF CANADA TREASURY BILLS 

millions of dollars 
500 



DISTRIBUTION OF HOLDINGS 

MILLIONS OF DOLLARS 




* As at October 27, 1954. 



2. Average rate at tenders. 3. Calculated as indicated by chart below. 



GOVERNMENT OF CANADA BOND YIELDS 




FIXED MATURITY ISSUES 

YIELD TO EARLIEST CALL DATE 

YIELD TO FINAL MATURITY 



YRS. YHS. YRS. TERM YRS. 

* Free-hand curve which takes into account certain qualitative differences in outstanding isi 



195 

FOREIGN EXCHANGE RATES ' 

Bank of Canada 
Canadian cents per unit 





Spot Rates 


90 Day 
Forward Rates 


Business 
Days 


U.S. Dollar 


£ Sterling 


Av. of Approx. 
Rates at Noon 2 




High 


Low 


Average 
Noon Rate 


High 


Low 


Average 
Noon Rate 


U.S. S 


£ Sterling 


1951 


107.31 


101.19 


105.28 


300.50 


281.38 


294.68 


104.92 


294.71 


1952 


101.13 


95.88 


97.89 


281.25 


266.75 


273.40 


98.09 


272.26 


1953 


99.78 


96.75 


98.34 


280.94 


272.38 


276.66 


98.66 


277.02 


1953-Feb. 


98.44 


97.00 


97.73 


277.50 


273.44 


275.55 


98.10 


276.11 


Mar. 


98.63 


97.75 


98.33 


277.63 


275.31 


276.92 


98.50 


276.96 


Apr. 


98.63 


98.00 


98.37 


277.94 


275.69 


277.13 


98.54 


277.00 


May 


99.78 


98.66 


99.41 


280.94 


278.06 


279.80 


99.58 


279.51 


June 


99.63 


99.16 


99.44 


280.38 


278.88 


279.82 


99.63 


279.56 


July 


99.44 


98.94 


99.18 


279.88 


278.56 


279.29 


99.56 


279.55 


Aug. 


99.00 


98.69 


98.83 


278.81 


277.50 


278.25 


99.26 


278.80 


Sept. 


98.88 


97.78 


98.43 


277.69 


274.00 


275.94 


98.76 


276.34 


Oct. 


98.66 


97.75 


98.25 


276.75 


273.88 


275.76 


98.46 


275.98 


Nov. 


98.03 


97.38 


97.77 


275.56 


273.88 


274.89 


98.13 


275.64 


Dec. 


97.63 


97.00 


97.31 


274.44 


272.63 


273.52 


97.83 


274.86 


1954-Jan. 


97.56 


97.03 


97.29 


274.38 


272.88 


273.56 


97.78 


274.86 


Feb. 


97.13 


96.34 


96.65 


273.13 


271.13 


271.93 


97.14 


273.08 


Mar. 


98.19 


96.47 


97.08 


276.44 


271.50 


273.29 


97.43 


273.96 


Apr. 


98.75 


97.66 


98.25 


278.31 


275.06 


276.93 


98.85 


278.10 


Mav 


98.59 


98.06 


98.43 


278.00 


276.44 


277.48 


98.84 


278.44 


June 


98.47 


97.78 


98.13 


277.56 


275.63 


276.61 


98.53 


277.59 


July 


97.91 


97.09 


97.44 


275.94 


273.69 


274.59 


97.68 


275.18 


Aug. 


97.28 


96.78 


97.02 


274.06 


271.88 


272.95 


97.27 


273.59 


Sept. 


97.19 


96.78 


96.97 


272.69 


270.06 


271.65 


97.13 


272.06 


Oct. 


97.09 


96.84 


96.98 


271.63 


270.88 


271.34 


97.22 


272.04 



OCTOBER 1954 

OFFICIAL HOLDINGS OF 
GOLD AND U.S. DOLLARS ' 

mm. U.S. Dept. of Finance 



End 

of 

Period 


Gold 


U.S. 
Dollars 


Total 


1951 


841.7 


936.9 


1,778.6 


1952 


885.0 


975.2 


1,860.2 


1953 


986.1 


832.4 


1,818.5 


1953-Feb. 


892.9 


944.2 


1,837.1 


Mar. 


905.8 


939.5 


1,845.3 


Apr. 


913.7 


930.0 


1,843.7 


May 


923.0 


838.2 


1,761.2 


June 


934.7 


815.4 


1,750.1 


July 


942.2 


813.5 


1,755.7 


Aug. 


951.0 


813.4 


1,764.4 


Sept. 


959.8 


827.5 


1,787.3 


Oct. 


968.3 


816.2 


1,784.5 


Nov. 


976.4 


830.3 


1,806.7 


Dec. 


986.1 


832.4 


1,818.5 


1954-Jan. 


997.5 


836.6 


1,834.1 


Feb. 


1,007.8 


845.7 


1,853.5 


Mar. 


1,015.7 


811.5 


1,827.2 


Apr. 


1,021.9 


788.6 


1,810.5 


May 


1,027.3 


794.9 


1,822.2 


June 


1,033.7 


829.6 


1,863.3 


July 


1,039.9 


852.9 


1,892.8 


Aug. 


1,046.4 


859.2 


1,905.6 


Sept. 


1,052.8 


845.8 


1,898.6 


Oct. 


1,059.3 


841.6 


1,900.9 



1. Rates are as reported on transactions between banks in the exchange market. 

2. Prior to May 6, 1954 noon rates were not available and closing rates were used. 



Gold, U.S. dollars and short-term securities of the U.S. 
Gov't, held by the Exchange Fund Account, the Bank 
of Canada and other Gov't, of Canada accounts. 



CANADIAN 

1.10 



UNITED STATES DOLLAR IN CANADIAN FUNDS 

DOLLARS CANADIAN DOLLARS 




1950 



1951 



1952 



1953 



OCTOBER 1954 



196 



Thousands of Fine Ounces 



CANADIAN GOLD STATISTICS 

Bank of Canada 













Net Increase or 


Net Increase or 




New Gold 






Net Increase 


Decrease in 


Decrease in 




Production 


Physical 


Physical 


or Decrease 


Canadian 


Foreign Owned 




available 


Imports 


Exports 


in Official 


Owned Gold 


Gold Held in 




for Export 






Holdings 


Held in Safe- 


Safekeeping in 




l 


2 


3 


4 


keeping Abroad 


Canada 


Calendar Years 














1947 


2,851 


2 


15,524 


7,155 


- 


5,516 


1948 


3,423 


2,384 


2,505 


3,291 


- 


11 


1949 


3,866 


11 


1,967 


2,440 


- 


530 


1950 


4,283 


12,571 


980 


2,682 


2,857 


16,049 


1951 


4,080 


12,104 


347 


7,507 


143 


8,473 


1952 


4,310 


25 


19,246 


1,246 


2,565 


18,723 


1953 


4,167 


163 


1,181 


2,901 


143 


105 


Quarters 














1952—1 


1,150 


8 


11,723 


708 


3,000 


14,274 


II 


987 


2 


3,189 


519 


715 


2,004 


III 


1,083 


13 


1,343 


35 


121 


333 


IV 


1,091 


2 


2,992 


53 


159 


2,112 


1953—1 


1,372 


65 


552 


599 


143 


143 


II 


1,071 


- 


309 


828 


- 


66 


III 


880 


32 


193 


720 


- 


1 


IV 


846 


64 


127 


754 


- 


29 


1954—1 


1,022 


13 


66 


849 


_ 


119 


II 


1,256 


37 1 


313 


519 


143 


318] 


III* 


1,146 


*~ 


171 


547 


~~ 


428 



Newly mined gold sold by the Mint (excl. sales for industrial purposes) 
plus exports of raw gold or concentrates direct from the mines for refining 
abroad plus commercial sales of gold abroad by mines beginning November 
1. 1951. Beginning November 1, 1951, the series excludes increases in 
commercial gold stocks held in safekeeping by the Mint for the account 
of the mines. 



2. 



3. 



Excluding small amounts of unmanufactured gold, scrap and manufactured 

forms which are shown under various headings in the import returns. 

Excluding the gold content of exports of jewellers' sweepings and precious 

metals scrap which are shown in the export returns. 
4. Holdings of the Exchange Fund and Bank of Canada. 
* Preliminary. f Revised. 



PRICE INDEXES 

"Prices and Price Indexes" , Dominion Bureau of Statistics 
WHOLESALE PRICES CONSUMER PRICES 2 

Index 1935-39 = 100 Index 1949 = 100 





Total 
Index 

(Mid- 
Month) 


Raw and 
Partly 
Manu- 
factured 


Fully & 
Chiefly 
Manu- 
factured 


FARM PRODUCTS ' 


Total 
Index 

(1st of 
Month) 


Food 


Shelter 


Clothing 


Household 
Operation 


Other 
Com- 
modities 
& Services 




Field 














100 


32 


15 


11 


17 


25 


Average of Months 


























1950 


211.2 


212.8 


211.0 


191.9 


281.4 


236.7 


102.9 


102.6 


106.2 


99.7 


102.4 


103.1 


1951 


240.2 


237.9 


242.4 


200.4 


336.9 


268.6 


113.7 


117.0 


114.4 


109.8 


113.1 


111.5 


1952 


226.0 


218.7 


230.7 


223.0 


277.5 


250.2 


116.5 


116.8 


120.2 


111.8 


116.2 


116.0 


1953 


220.7 


207.0 


228.8 


175.1 


263.8 


219.5 


115.5 


112.6 


123.6 


110.1 


117.0 


115.8 


Monthly 


























1953— Mar. 


221.9 


209.9 


229.2 


191.9 


264.3 


228.1 


114.8 


111.6 


122.5 


109.7 


116.7 


115.2 


Apr. 


219.5 


205.6 


227.8 


187.6 


255.8 


221.7 


114.6 


110.9 


122.7 


109.7 


116.9 


115.0 


May 


220.0 


206.4 


228.2 


185.2 


263.2 


224.2 


114.4 


110.1 


122.9 


110.1 


116.6 


115.1 


June 


221.5 


207.2 


230.2 


184.5 


268.7 


226.6 


114.9 


111.4 


123.6 


110.1 


116.6 


115.1 


July 


221.0 


207.2 


229.3 


187.7 


265.3 


226.5 


115.4 


112.7 


123.9 


110.3 


117.0 


115.2 


Aug. 


222.2 


210.1 


229.7 


157.2 


269.9 


213.6 


115.7 


112.8 


124.1 


110.4 


117.2 


115.8 


Sept. 


221.2 


207.1 


229.8 


154.0 


263.7 


208.9 


116.2 


114.0 


124.2 


110.4 


117.4 


115.9 


Oct. 


220.4 


205.0 


228.8 


151.7 


265.3 


208.5 


116.7 


115.5 


124.5 


110.3 


117.5 


116.0 


Nov. 


218.7 


203.3 


228.0 


151.7 


258.0 


204.9 


116.2 


113.4 


125.0 


110.3 


117.4 


116.3 


Dec. 


219.0 


204.4 


227.6 


151.9 


261.6 


206.8 


115.8 


112.1 


125.2 


110.2 


117.4 


116.3 


1954— Jan. 


219.8 


206.5 


227.8 


152.5 


266.3 


209.4 


115.7 


111.6 


125.4 


110.1 


117.5 


116.4 


Feb. 


219.0 


205.1 


227.3 


152.9 


264.7 


208.8 


115.7 


111.7 


125.4 


110.0 


117.5 


116.5 


Mar. 


218.6 


204.3 


226.9 


151.3 


262.0 


206.7 


115.5 


110.7 


125.6 


109.8 


117.6 


116.6 


Apr. 


217.9 


205.7 


225.1 


150.6 


260.4 


205.5 


115.6 


110.4 


125.6 


109.9 


118.1 


117.2 


May 


218.2 


207.5 


224.5 


151.2 


268.0 


209.6 


115.5 


110.2 


125.8 


109.9 


117.3 


117.5 


June 


217.8 


206.7 


224.5 


151.9 


267.3 


209.6 


116.1 


112.0 


126.4 


109.7 


117.1 


117.5 


July 


217.4 


207.4 


223.6 


166.6 


262.1 


214.4 


116.2 


112.1 


126.6 


109.6 


117.2 


117.6 


Aug. 


215.8 


204.9 


222.3 


167.6 


248.2 


207.9 


117.0 


114.4 


127.0 


109.6 


117.2 


117.7 


Sept. 


215.3 


202.9 


222.fi 


102.6 


245.5 


204.1 


116.8 


113.8 


127.2 


109.5 


117.2 


117.6 


Oct. 














116.8 


113.8 


127.4 


108.4 


117.3 


117.9 



1. An independent series with different weighting and different prices from 
those included in the "Total Index". Prices include subsidies. Prices used for 
western wheat, oats and barley are initial payments to farmers plus retro- 
active revisions to include participation payments as these are announced. 



2. Components were selected and weighted on the basis of 1948 urban family 
incomes ranging from $1,650 to $4,050 with incomes between $2,000 and 
$3,000 most common. 



197 



Millions of Dollars 



OCTOBER 1954 



OCTOBER 1954 



Fiscal year-end nearest to Dec. 31st 



Direct Debt 

Funded Debt 2 

Less: Sinking Funds 

Net Funded Debt 

Treasury Bills 

Held by Govt, of Canada 

Held by Others 

Total Treasury Bills 

Savings Deposits 

Temporary Loans 

Superannuation & Other Deposits . 



Accrued Interest 

Accounts Payable & 
Other Liabilities * . 



Total Direct Debt (Less sinking Funds). . . 
Indirect Debt 

Guaranteed Bonds s 

Less: Sinking Funds 

Net Guaranteed Bonds 

Loans under M.I.A. Act* 

Guaranteed Bank Loans 

Other Indirect Debt ? 

Total Indirect Debt (Less sinking Funds) . 
Total Direct and Indirect Debt 

(Less Sinking Funds) 



Provincial Distribution i 

Newfoundland 

Prince Edward Island 

Nova Scotia 

New Brunswick 

Quebec 1 

Ontario 

Manitoba 

Saskatchewan 

Alberta* 

British Columbia 



Total Direct and Indirect Debt 

(Less Sinking Funds) 



1926 1930 



740.2 
41.6 



2.1 



62.1 
43.8 
1.9 
9.4 
'9.7 
18.3 



843.8 



3.3 
3.1 



104.5 



948.3 



2.1 
38.f 

37 .i 
98/ 

404.! 
90.: 
58.1 

122.' 
95.! 



948.3 



974.9 
60.6 



914.3 



91.2 



91.2 
49.0 
8.5 
10.8 
13.5 
19.3 



108.5 
3.4 



105.1 



10.3 
16.0 



131.4 



1,238.0 



2.8 

55.4 
52.5 
104.9 
552.7 
107.6 
98.4 
136.5 
127.2 



1,415.9 

123.3 
5.2 



1933 



1,265.9 
85.4 



1,180.5 



51.6 
89.2 



140.8 
30.8 
9.9 
15.4 
17.8 
20.7 



118.1 



22.0 
16.9 



157.0 



1,572.9 



3.9 

67.4 
61.5 
170.5 
692.4 
118.5 
153.2 
157.6 
147.9 



PUBLIC FINANCE: PROVINCIAL GOV ERN MENTS : OUTSTANDING DEBT 1 

Bank of Canada, Dominion Bureau of Stat- lslics an £ Dominion - Provincial Conference 



1,747.9 

166.7 
13.3 



1937 



1,511.6 
123.4 



1,388.2 

129.5 
103.3 



232.8 
47.3 
14.4 
21.0 
17.8 
26.4 



153.4 



36.9 

17.7 



1,955.9 



5.9 
93.1 
82.2 
285.6 
806.1 
122.4 
215.9 
172.3 
172.4 



1940 



1,734.5 
156.8 



1,577.7 



109.4 



270.0 
41.7 
8.2 
19.7 
21.1 
27.3 



1,965.7 

164.4 
7.5 



1,802.4 



135.1 
4.6 



156.9 
7.5 
37.7 
18.9 1 



221 .0t 



2,186.7f 



9.7 
101.7 
99.8 
425.9 
859.5 
120.3 
234.1 
168.6 
167.lt 



1945 



1,641.6 
199.6 



2,258.9 
368.8 



1,442.0 



178.1 
32.0 



210.1 
48.4 
24.4 
26.6 
17.5 
33.4 



2,258.6t 

852.9 
5.2 



130.5 
5.3 
8.3 
9.7f 



153.8| 



1, 956.2 1 



10.5 

95.9 

96.6 

387.0 

757.3 

97.1 

196.2 

161.1 

154.5f 



1,572.9 1,955.9 2,186.7f l,956.2t 3,138.6f 3,348.2 3,630.7 



1951 



2,417.6 
427.9 



85.8 
67.4 



153.2 
59.0 
24.6 
52.6f 
22.4 
56.7 



847.7 
3.9 
25.5 
2.8f 



880.0 t 



3,138.6t 



12.6 

17.4 
176.5 
177.2 
663.lt 
1,400.1 
141.4 
164.1 
108.5 
277.8t 



1952 



1,989.6 



82.3 
39.2 



121.5 
62.0 
12.2 
58.9 
22.9 
55.4 



99.3 
5.3 



994.0 

3.7 

25.8 

2.1 



1,025.6 



3,348.2 



22.2 
17.9 
180.3 
181.1 
677.7 
1,570.9 
155.9 
173.9 
104.7 
263.6 



2,590.0 
454.1 



2,135.9 



78.9 
10.6 



2,435.9 



4.7 



1953 

* 



89.4 
59.7 
13.4 
54.8 
23.5 
59.1 



1,165.1 

3.4 

24.8 

1.5 



1,194.8 



3,630.7 



23.9 
17.5 
184.7 
181.6 
726.6 
1,765.2 
166.2 
183.4 
101.8 
279.8 



All provinces have advances to or guarantees for enterprises of a self- 
liquidating nature. Thus "the dead weight" debt of a province in any 
year may be considerably less than the "outstanding debt": also provinces 
frequently have cash and investments of sizeable amounts. For purposes 
of comparability, certain liability items such as reserves and trust and 
special deposits covered by designated assets have been excluded. 
Newfoundland figures have been included since 1940. 

Includes bonds, debentures and stock and debentures issued for the 
school refinancing plan by the Quebec Municipal Commission. See note 9. 
Decrease largely due to the adjustment of indebtedness of the four western 
provinces in respect of relief loans, etc., and to final settlement of claims 
of Alberta and Saskatchewan regarding natural resources. 
Alberta figures for years 1937-1949 inclusive, include a liability for unpaid 
interest on bond?, debentures and savings certificates which, for the years 



1937-1945, is based on the assumption that the net amount of back interest 
provided for under the Debt Refunding Plan was accumulated evenly 
over the period. The 1945 figure includes 10.8 being a portion of the 
interest adjustments deferred under the plan. 

Excluding C.N.R. bonds guaranteed by provinces. Also see note 9. 
Govt, of Canada loans under Municipal Improvements Assistance Act. 
Quebec figures of indirect debt exclude 18.6, 36.3 and 39.6 in the years 
1945, 1951 and 1952 being commitments on the Public Charities Fund 
payable to institutions in equal instalments. Similar grants in other 
provinces are voted annually through current account and not shown as 
contingent liabilities. Quebec commitments under housing guarantees, 
25.1 in 1951 and 29.8 in 1952 are excluded as well. In British Columbia, 
the guarantee under the Municipal Superannuation Act has been excluded 
Also see note 9. 



198 



Millions of Dollars 



Fiscal year-end nearest to Dec. 31st 



FUNDED DEBT (Less Sinking Funds) 

Newfoundland 

Prince Edward Island 

Nova Scotia 

New Brunswick 

Quebec 

Ontario 

Manitoba 

Saskatchewan 

Alberta 

British Columbia 



1926 



1930 



Total. 



Treasury Bills Held by Govt, of Canada 

Manitoba 

Saskatchewan 

Alberta 

British Columbia 



Total. 



Treasury Bills Held by Others io 



Newfoundland . . . 

Nova Scotia 

New Brunswick. . 

Quebec 

Ontario 

Manitoba 

Saskatchewan 

Alberta 

British Columbia. 



1. 

32. 
32. 

73. 
272. 
62 
55 
84 
82 



698.6 



1.7 
50.7 
38.6 
74.4 

397.7 
75.5 
80.1 

101.6 
94.0 



914.3 



1933 



3.0 
60.9 
57.0 
111.4 
518.3 
82.4 
105.4 
120.8 
121.3 



1,180.5 



10.5 
23.8 
10.5 



1937 



4.7 

85.3 

68.5 

232.2 

575.7 

82.6 

111.4 

116.1 

111.7 



1,388.2 



21.4 
48.3 
26.5 
33.3 



51.6 



Total . 



Other Direct Debt u 

Newfoundland 

Prince Edward Island. 

Nova Scotia 

New Brunswick 

Quebec 

Ontario 

Manitoba 

Saskatchewan 

Alberta* 

British Columbia 



Total. 



Total Indirect Debt ul«m sinking Funds) 

Newfoundland 

Prince Edward Island 

Nova Scotia 

New Brunswick 

Quebec ' 

Ontario 

Manitoba 

Saskatchewan 

Alberta 

British Columbia 



Total 104S 



2.6 


1.5 


- 


4.7 


6.8 


- 


48.0 


39.0 


1.8 


8.2 


.8 


7.9 


- 


9.9 


2.2 


20.0 



62.1 



83.1 



.1 
1.2 
6.5 

56.3 
8.7 
1.5 

25.4 
4.8 



91.2 



.6 


1.1 


3.1 


2.7 


3.9 


8.0 


11.8 


10.9 


27.0 


36.0 


16.8 


16.7 


1.4 


4.1 


12.5 


14.4 


6.0 


7.2 



101.1 



.5 
1.1 
19.6 
80.0 
7.3 
6.3 
10.6 
6.0 



1.5 

.8 

13.5 

36.6 

18.1 

11.9 

1.0 

5.8 



129.5 



1940 



94.5 
91.9 
361.0 
616.6 
75.3 
107.5 
114.2 
109.9 



1,577.7 



25.2 
74.2 
26.5 
34.7 



1945 



7.6 
81.8 
91.3 
340.7 
560.8 
56.9 
91.1 
114.6 
97.2 



1,442.0 



24.7 
92.8 
26.2 
34.4 



89.2 



1.0 
4.2 
2.1 
15.8 
38.3 
2.3 
7.0 
16.6 
7.3 



94.6 



2.2 

5.9 

9.5 

49.0 

11.9 

17.5 

1.0 

6.3 



160.6 



103.3 



1.2 
5.0 
6.0 
11.1 
53.6 
2.6 
12.7 
20.3 
14.4 



2.9 
9.5 
61.0 
11.0 
16.6 
1.7 
6.7 



178.1 



1951 



3 

15, 
151 
159. 
378 
670 
105 
121 



1,890.1 



17.3 
34.8 
11.5 
22.3 



85.8 



1952 



13.6 
16.2 
167.1 
164.7 
400.1 •> 
712.5 
121.8 
132.6 
83.7 
177.3 



1,989.6 



16.8 
32.9 
11.1 
21.6 



82.3 



109.4 



131.4 



1.6 
29.7 
99.2 
5.2 
5.0 
8.7 
6.7 



157.0 



126.9 



.1 

.4 

1.9 

32.8 

127.8 

4.0 

26.0 

8.3 



208.0 



2.6 
4.0 
2.2 
16.7 
52.3 
4.9 
9.5 
17.8 
8.0 



118.0 



.2 

3.2 

2.8 

38.6 

129.6 

3.9 

26.4 

8.5 

7.8t 



221.0t 



8.5 



8.5 
7.5 



7.6 



32.0 



2.8 
11.4 

3.4 
18.3 
78.8 

4.7 

3.4 
18.4 

9.1 



150.3 



.1 

2.7 
1.9 
19.5 
117.7 
2.3 
1.5 
1.9 
6.2t 



1.3 

10.9 



38.0 

12.7 

1.4 

3.1 



67.4 



7 

31 

118 

5 

5 

4 

31 



215.3t 



4 

10 

253 

573 



5t 



1.2 



25.5 

11.0 

1.5 



1.1 
1.2 
8.0 
6.0 

30.5 

113.5 

5.9 

6.3 

4.9 

34.0 



211.5 



7.5 

.4 

3.9 

10.5 

247.1 

719.3 

.4 

.7 

5.0 

30.7 



153.8t 880.0t 1,025.6 1,194.8 



8 1 3 of the apparent decrease from the previous year is due to the fact that 

' a debenture issue maturing on March 15. 1954 was met from current funds 

and temporary loans and refunded in the next fiscal year. Sinking funds 

include the proceeds of a 2.5 bond issue of February 1954 deposited in a bank 

in New York for redemption of an issue callable in 1954/53. 

9. School refinancing bonds of 47.9. 44.8 and 42.9 (est.) in the years 1951, 



1952 and 1953 respectively, issued by the Quebec Municipal Commission 
and guaranteed by the province are included in Direct Funded Debt. 
Including the province or its agencies. 

Includes saving deposits, temporary loans, superannuation and other 
deposits, accrued interest, accounts payable and other liabilities. 
Approximate figures, compiled from information contained in budget 
speeche?, preliminary releases and related material. t Revised. 



199 



OCTOBER 1954 



Millions of Dollars 



PROVINCIAL GOVERNMENTS : CURRENT REVENUE ' 

Bank of Canada, Dominion Bureau of Statistics and Dom. - Prov. Conference 



Fiscal Year nearest to Calendar Year 



From the Public 

Taxes on Income of Individuals 

Taxes on Corporation Profits 

Other Corporation Taxes 

Revenue from Public Domain 

Succession Duties 

Liquor Revenue (Net) 

Tobacco Tax 

Amusement Taxes 

Gasoline Taxes 

Motor Vehicle Licences 

Taxes on Real Property 4 

Retail Sales Taxes 

Miscellaneous Taxes 5 

Other Revenue 6 

Total from the Public 

From the Government of Canada 

Subsidies 

Interim Grants 

Transfers under Tax Agreements 

Gasoline Tax Guarantees 

Share of Income Tax, Certain Public Utilities. . . . 

Total from Government of Canada 

Total Current Revenue 

Provincial Distribution 7 

Newfoundland 

Prince Edward Island 

Nova Scotia 

New Brunswick 

Quebec 

Ontario 

Manitoba 

Saskatchewan 

Alberta 8 

British Columbia 

Total Current Revenue 



1926 



1.5 

1.6 
11.9 
21.3 
15.7 

16.4 

4.9 

6.5 
15.9 

9.5 

2.3 

10.3 



117.8 



12.5 



12.5 



130.3 



1930 



2.1 

2.6 
14.0 
18.6 
20.7 

32.6 

4.5 

23.5 
19.7 

6.0 

1.8 
11.2 



157.3 



12.6 
1.6 



14.2 



171.5 



1933 



5.2 

3.2 

16.0 

12.8 

12.8 

16.4 

3.2 

26.2 
20.6 

5.5 

2.6 
9.9 

134.4 



13.7 
1.6 



15.3 



149.7 



1937 



11.8 
8.7 
21.1 
25.5 
36.7 

29.9 

2.8 

38.8 
26.5 

5.5 
1.9 

2.9 

10.9 



223.0 



13.7 
8.1 



21.8 



244.8 



19402 



16.3 
29.0 
25.3 
29.8 
22.2 

37.4 
2.0 
2.7 

56.6 
29.6 

5.6 

11.8 

2.9 

10.8 
282.0 



13.7 
6.1 



19.8 



301.8 



1945 



.3 

.1 

.8 

40.3 

25.2 

100.1 
5.6 
6.6 

58.1 
31.8 

7.1 

20.8 

5.7 

15.7 
318.2 



14.4 

83.3 
3.5 



101.2 



419.4 



1951 



.1 
163.0 

25.5 
131.6 

34.2 

144.2 

9.8 

20.0 

178.5 
72.7 

7.1 
90.7 
33.3 

35.6 



946.2 



20.0 

6.5 

95.7 

3.7 



126.0 



1072.1 



1952 



51.1 

13.8 

161.9 

32.7 

157.2 
11.4 
21.4 

196.9 
81.3 

7.0 

101.0 

33.2 

38.5 

907.4 



20.0 

5.7 

297.4 

4.4 

327.5 

1234.9 



1953 
• 



48.9 

16.3 

199.5 

30.5 

154.8 
14.0 
23.0 

218.1 
85.6 

5.4 

108.8 

34.1 

42.1 



981.2 



20.1 

4.8 

308.8 

6.2 

340.0 

1321.2 



.9 
4.6 
4.1 
29.7 
37.8 
10.0 
11.7 
10.1 
21.4 



130.3 



1.1 

6.7 

6.4 

43.3 

55.1 

10.9 

11.9 

12.7 

23.4 

171.5 



1.2 

6.7 
5.0 
31.0 
52.0 
12.0 
10.9 
11.7 
19.2 



1.6 
10.5 

7.7 
57.2 
87.1 
15.3 
16.1 
18.7 
30.6 



1.7 
13.2 
10.0 
80.02 
103.2 
17.3 
20.1 
20.8 
35.5 



2.5 
19.0 
14.2 
114.6 
132.9 
22.5 
33.4 
34.2 
46.1 



25.7 

6.0 

38.7 

40.6 

276.3 

302.6 

45.9 

74.4 

105.8 

156.2 



31.7 

7.3 

46.4 

46.4 

283.6 

349.1 

55.8 

85.1 

145.2 

184.3 



149.7 



244.8 



301.8 



419.4 



1072.1 



1234.9 



31.2 

7.6 

48.4 

49.0 

296.9 

360.5 

56.3 

97.0 

187.3 

186.9 

1321.2 



1. Newfoundland figures included since Newfoundland joined Canada on 
March 31, 1949. Excludes interest receipts, grants-in-aid for unemploy- 
ment relief, old age pensions, technical education, etc.; refunds from other 
provinces, municipalities, etc.; and institutional revenues from sales of 
produce and services, all of which have been deducted from corresponding 
items of expenditure. 

2. Quebec figures for the nine-month fiscal period ended March 31, 1941 have 
been adjusted to twelve-month period. 

3. Quebec's tax on income of individuals. 

4. Includes Highway Tax (Nova Scotia), also the Municipal Commissioner's 
Levy (Manitoba) until 1953 when it was discontinued. 

5. Includes premiums paid by individuals under the compulsory Hospital 
Services Plans in Saskatchewan (1950-54) and British Columbia (1950-53). 



In 1954 British Columbia discontinued such premiums and increased the 
rate of sales tax by 2% in lieu thereof. 

6. Includes licenses, permits and fees (ex. motor vehicles) formerly shown 
separately. 

7. Totals will differ from the total revenue figures in the Provincial Public 
Accounts since for the purpose of comparison a number of adjustments 
have been made, including the deductions of certain items of revenue 
from the corresponding expenditure. See note 1. 

8. Alberta revenue figures for the years 1937-1945 inclusive have been 
adjusted to conform to arrangements with the Government of Canada in 
connection with the Debt Refunding Plan. 

it Approximate figures, compiled from information contained in budget 

speeches, preliminary releases and related material. 
iritCom piled from information contained in official estimates adjusted to a 

comparable basis. Also see note 1. 



OCTOBER 1954 



200 



PROVINCIAL GOVERNMENTS : CURRENT EXPENDITURE ' 

Bank of Canada, Dominion Bureau of Statistics and Dom. - Prov. Conference 



Millions of Dollars 



Fiscal Year nearest to Calendar Year 



Education. 



Public Welfare (Ex. Relief) 

Old Age Pensions 2 

Health and Hospital Care 3, 
Other 



Total Public Welfare (ex. Relief) . . . 
Highways & Other Aids to Transport. . . 

Public Domain 

Agriculture 

Administration of Justice 

General Government * 

Legislation 

Gross Debt Service (Ex. Debt Repayment) s . 

Less: Interest Revenue Received 6 



Net Debt Service 

Subsidies to Municipalities for 
General Purposes 



Other 

Sub-Total (Ex. Relief) . 
Relief 



Total Current Expenditure 

(Ex. Debt Repayment) 



1926 



25.6 



10.6 
6.5 



17.1 

22.2 

8.9 

4.7 

9.6 

9.4 

2.4 

41.6 

20.6 



21.0 

1.1 
2.4 



124.4 
.1 



124.5 



1930 



33.8 



4.6 
17.9 

7.4 



29.9 
37.8 
14.4 

7.1 
12.8 
11.8 

3.2 
51.9 
25.4 



26.5 

1.1 
3.7 



182.1 
5.0 



187.1 



1933 



27.5 

3.3 

18.1 

6.2 

27.6 

18.6 

8.7 

7.0 

11.2 

10.0 

2.3 

73.7 

25.4 



48.3 

.1 
1.2 



162.5 
36.1 



1937 



33.0 

9.7 
23.8 
11.1 

44.6 
28.0 
14.3 

6.9 
13.6 
13.8 

3.3 
73.8 
22.7 
51.1 

3.2 

3.4 

215.2 

60.5 



198.6 275.7 



1940 



37.5 

10.5 
28.1 
13.6 

52.2 
33.1 
16.1 

7.8 
14.5 
15.6 

2.2 
84.3 
24.5 



59.8 

3.3 

4.7 



246.8 
18.5 



265.3 



1945 



71.4 

18.7 
41.1 
19.4 

79.2 
55.9 
22.1 
13.6 
17.2 
19.8 
4.2 
77.0 
25.7 
51.3 

3.7 
4.2 



342.5 
3.8 

346.3 



1951 



186.4| 

35.4 

156.9 

48.8 

241.1 
148.5 
57.2 
24.3 
39 .8 1 
47.8 
6.3 
84.6 
33.9 
50.6 

19.7 

33.3 

855.0 

12.9 

867.8 



1952 



209.4 

27.4 

180.4 

57.4 

265.2 
182.1 
63.1 
27.2 
45.3 
52.1 
6.7 
88.8 
38.9 
50.0 

23.8 

29.0 

953.8 

10.8 

964.6 



1953 

• 



223.9 

29.7 

201.1 

61.8 

292.6 
226.6 
68.2 
27.8 
50.4 
59.9 
5.4 
94.9 
44.7 
50.2 

26.1 

30.5 

1061.6 

12.0 

1073.6 



1954 
•• 



244.0 

34.4 

217.8 

65.8 

318.0 

224.8 

68.5 

30.5 

51.7 

61.4 

4.4 

101.1 

47.4 

53.7 

39.1 

25.6 

1121.8 

12.9 

1134.7 



Provincial Distribution ? 

Newfoundland , 



Prince Edward Island. 

Nova Scotia 

New Brunswick 

Quebec 

Ontario 

Manitoba 

Saskatchewan 

Alberta 9 



British Columbia 

Total Current Expenditure 

(Ex. Debt Repayment) 



.8 

5.1 

3.9 

26.1 

40.9 

8.5 

9.9 

9.6 

19.7 



1.1 
6.7 
6.3 
42.6 
60.8 
11.8 
17.0 
15.3 
25.6 



124.5 



187.1 



1.1 
8.3 
5.8 
42.9 
65.7 
15.0 
21.3 
16.4 
22.1 

198.6 



1.4 
9.9 
7.4 
66.2 
85.1 
15.8 
43.6 
17.4 
28.9 

275.7 



1.6 
11.2 

8.9 
69.5 8 
89.7 
15.2 
22.0 
17.2 
30.0 

265.3 



2.5 
16.8 
12.5 
93.3 
123.4 
15.3 
26.3 
21.6 
34.6 

346.3 



25.2 

5.3 

36.4 

36.3 

194.2 

285.1 

35.6 

61.7 

55.0 

132.9 



25.6 

5.3 

38.7 

41.2 

239.3 

304.8 

36.1 

65.6 

64.1 

144.0 



28.1 

5.6 

42.6 

44.3 

245.6 

359.5 10 

47.3 

69.8 

78.2 

152.5 11 



867.8 



964.6 



1073.6 



30.7 

5.9 

44.3 

43.1 

261.7 

370.7 10 

49.3 

76.5 

91.6 

160.9 11 

1134.7 



1. Newfoundland figures included since Newfoundland joined Canada on 
March 31, 1949. Includes items which provinces may place in capital 
account, such as rural hydro bonus, grants for construction of schools, 
municipal roads, hospitals and other institutions not provincially owned, 
and direct relief expenditures. Also for the purpose of comparison, certain 
items of revenue have been deducted from the corresponding expenditure. 
See note 1 on page 199. 

2. Includes Old Age Assistance payments (1951-54). Excludes pensions for 
the blind. 

3. Includes expenditures for health care and payments to hospitals under the 
Hospital Services Plans in Saskatchewan (1950-54) and British Columbia 
(1950-54). 

4. Composed largely of expenditures of general administrative departments. 
Administration cost of each function of government shown in this table 
has been charged to that function. 

5. Includes an amount for unpaid interest in Alberta for the years 1937-1950 
inclusive. For the years 1937-1945 this is based on cash payments for 
interest adjustments, less offsetting reimbursements, made under the 



Debt Refunding Plan, spread evenly over the default period. Figures for 
the years 1946-1950 include the payments on interest adjustments deferred 
in accordance with the plan. 

6. Includes sinking fund earnings. Also interest revenue from Common School 
and School Lands Funds. 

7. Totals differ from the total expenditure figures given in the Provincial 
Public Accounts since for the purpose of comparison a number of adjust- 
ments have been made including the deduction of certain revenue items. 
See note 1. 

8. See note 2 on page 199. 

9. See note 5. 

10. Includes 37 in 1953 and 35 in 1954 financed from Highway Reserve 
Account. Also see note 1. 

11. For the purpose of comparability with figures of previous years capital 
expenditures of 26.2 in 1953 and 28.6 in 1954 financed from current 
revenue and surplus have been excluded. 

■k it ~k See notes on page 199. t Revised. 



201 



OCTOBER 1954 



Estimates in Thousands 



LABOUR FORCE STATUS OF THE POPULATION ' 

'The Labour Force" , Dominion Bureau of Statistics, Department of National Defence 





At work 
35 hours or more 


At work less than 

35 HOURS 


With jobs but 
not at work 


Without 
jobs 

AND 

seeking 

WORK 
5 


Total 
Civilian 
Labour 

Force 


Not in 
Labour 
Force 


Total 
Civilian 

NON- 
INSTITU- 
TIONAL 

Popula- 
tion 14 

YEARS OF 

AGE AND 

OVER 




In Week 
Ending 


Agri- 
culture 


Non- 
Agri- 
culture 


Usually 

work 
less than 
35 hrs. 


Usually work 
35 hrs. or more 


Lay-off 

3 


Other 
reasons 

4 


Armed 
Forces 




Lay off 
and 
short 
time 


Other 

reasons 

2 




1953— Mar. 21 
Apr. 18 
May 16 
June 20 
July 18 
Aug. 22 
Sept. 19 
Oct. 24 
Nov. 21 
Dec. 12 

1954— Jan. 23 
Feb. 20 
Mar. 20 
Apr. 17 
Revised Series ' 
May 22 
June 19 
Julv 24 
Aug. 21 
Sept. 18 


719 

766 
821 
838 
927 
908 
847 
776 
733 
702 

681 
700 
723 
752 


3,815 
3,879 
3,899 
4,050 
3,880 
3,912 
4,049 
4,054 
3,981 
3,848 

3,784 
3,742 
3,736 
2,138 6 


195 
192 
211 
195 
184 
168 
169 
182 
194 
186 

186 
194 
193 
203 


41 
30 
32 
28 
28 
33 
35 
46 
60 
65 

65 
65 
71 
66 


89 
74 

145 2 
61 
63 
72 
75 
58 
68 

1712 

107 

95 

82 

1 ,686 6 


39 
27 
11 
10 
13 
17 
13 
14 
27 
26 

24 
23 
21 
20 


122 

108 
88 
115 
330 
305 
126 
110 
102 
87 

115 
99 
92 
89 


172 

165 

114 

90 

90 

92 

84 

111 

151 

190 

280 
312 
318 
303 


5,192 
5,241 
5,321 
5,387 
5,515 
5,507 
5,398 
5,351 
5,316 
5,275 

5,242 
5,230 
5,236 
5,257 


4,794 
4,761 
4,685 
4,633 
4,522 
4,550 
4,682 
4,744 
4,791 
4,840 

4,887 
4,909 
4,912 
4,901 


9,986 
10,002 
10,006 
10,020 
10,037 
10,057 
10,080 
10,095 
10,107 
10,115 

10,129 
10,139 
10,148 
10,158 


104 
105 
105 
105 
105 
106 
106 
107 
107 
107 

110 
111 
113 
113 


838 
846 
947 
953 
853 


3,891 
3,980 
3,637 
3,795 
3,967 


223 
209 
189 
175 
192 


51 
54 
39 
41 
32 


77 

82 

79 

102 

120 


10 

* 
* 

14 
11 


85 

99 

484 

315 

141 


217 
185 
172 
174 
167 


5,392 
5,462 
5,556 
5,569 
5,483 


4,842 
4,778 
4,698 
4,703 
4,807 


10,234 
10,240 
10,254 
10,272 
10,290 


114 
114 
114 
114 
115 



Estimates based on a sample of about 30,000 households and therefore 

subject to sampling error which is relatively larger the smaller the estimate. 

Principal reasons are bad weather, illness, vacations and, at Christmas and 

Easter, observance of religious holidays. 

Includes only those who had definite instructions to return to their jobs 

within 30 days of date on which lay-off began. 

Principal reasons are illness and vacations. 

Includes persons who. though having jobs, did not work but sought work 

and those who would have sought work but were temporarily ill, on in- 



definite or prolonged lay-off, or believed no work was available. 

6. The unusually small number working 35 hours or more and the unusually 
large number working less than 35 hours was due to Good Friday being 
in the survey week. 

7. Commencing in May 1954, the coverage of the survey was increased 
to include representation for some of the remote areas not previously 
covered. The change was about 0.6 per cent for Canada as a whole in all 
characteristics. 

* Less than 10,000. 



EMPLOYMENT AND LABOUR INCOME 

"Employment and Payrolls", "Man-Hours and Hourly Earnings" and "Estimates of Labour Income", Dominion Bureau of Statistics 





EMPLOYMENT 


AVERAGE HOURS 


AVERAGE hourly 










INDEXES 1. 2 


WORKED 1.3 


EARNINGS l. 3. * 


MONTHLY LABOUR INCOME* 




Manu- 
facturing 


Mining 


Manu- 
facturing 


Mining 


Manu- 
facturing 


Mining 


Total 
5 


Manu- 
facturing 


Con- 
struction 


All 
Other* 




Index 1949 = 100 


Hours i 


>er week 


Cents 




Millions 


of Dollars 


Monthly Average 






















1950 


100.9 


105.5 


42.3 


43.0 


103.6 


121.4 


693 


231 


47 


415 


1951 


108.0 


110.6 


41.8 


43.1 


116.8 


133.4 


810 


272 


52 


486 


1952 


109.3 


116.8 


41.5 


42.7 


129.2 


147.1 


901 


302 


62 


537 


1953 


113.3 


111.7 


41.3 


42.7 


135.8 


153.8 


972 


330 


70 


572 


First of Month 






















1953— Mar. 


112.7 


113.4 


42.1 


42.1 


134.4 


152.9 


924 


328 


57 


539 


Apr. 


112.9 


111.9 


42.1 


41.8 


134.9 


152.6 


946 


328 


63 


555 


May 


113.1 


111.9 


41.8 


42.4 


135.5 


153.7 


966 


331 


72 


563 


June 


113.4 


112.1 


41.7 


43.1 


135.9 


153.1 


981 


333 


72 


576 


July 


114.7 


113.7 


41.3 


42.9 


136.2 


153.0 


983 


330 


76 


577 


Aug. 


114.4 


114.7 


41.0 


42.8 


136.0 


152.7 


994 


334 


81 


579 


Sept. 


115.6 


112.3 


41.0 


43.0 


135.7 


153.4 


1,014 


337 


82 


595 


Oct. 


115.2 


108.8 


41.5 


43.2 


136.6 


154.8 


1,012 


333 


83 


596 


Nov. 


113.1 


107.8 


41.4 


43.0 


137.4 


155.9 


996 


328 


76 


592 


Dec. 


110.9 


105.1 


41.2 


43.9 


138.4 


157.3 


988 


333 


69 


586 


1954— Jan. 


108.0 


103.6 


38.5 


40.5 


140.4 


158.3 


945 


322 


56 


567 


Feb. 


108.3 


105.9 


40.7 


42.6 


140.4 


158.3 


950 


325 


54 


571 


Mar. 


108.3 


108.5 


41.1 


42.4 


140.6 


157.5 


943 


323 


54 


566 


Apr. 


107.9 


108.2 


40.9 


41.6 


141.0 


157.3 


954 


322 


59 


573 


May 


107.3 


106.7 


40.6 


42.1 


141.8 


158.0 


975 


320 


67 


588 


June 


107.7 


108.7 


39.8 


42.7 


142.2 


157.0 


1,000 


325 


70 


605 


July 


108.8 


111.5t 


40.5 


42.8 


141. 6f 


156.lt 


1,010 


323 


77 


610 


Aug. 


108.0 1 


113.5 


40.6 


42.7 


141.1 


155.8 


1,014 


323 


76 


615 


Sept.* 


108.3 





















1. As reported by employers usually having 15 or more employees. Dated 
first of month and covering the last pay period in the previous month. 

2. Coverage, including salaried and part time workers at Aug. 1, 1954 was 
Manufacturing, 1,123,997; Mining 101,904. 

3. Include hourly rated wage earners only 

4. Gross earnings before deductions for taxes, unemployment insurance, etc. 



5. Wages and salaries and includes bonuses and commissions, food, clothing- 
shelter and contributions to insurance, pensions, etc. provided by employer, 

6. Includes all supplementary labour income. 
* Preliminary. 

t Revised 



OCTOBER 1954 



202 



CONSUMER EXPENDITURE ON GOODS 

Dominion Bureau of Statistics 

QUARTERLY ESTIMATES 

NON-DURABLE DURABLE 

MILLIONS OF DOLLARS MILLIONS Or DOLLARS MILLIONS Or DOLLARS MILLIONS OF DOLLARS 

27501 — 1 12750 600 



2500 



2250 



2000 



1750 




2500 



2250 



2000 



1750 300 




450 



375 



300 



JAN. 



JUNE 



DEC 



TOTAL MONTHLY SALES OF SELECTED RETAIL OUTLETS* 

FOOD STORES* AND RESTAURANTS NEW AUTOMOBILES 

MILLIONS OF DOLLARS MILLIONS OF DOLLARS MILLIONS OF DOLLARS MILLIONS OF DOLLARS 



275 



250 



225 



200 



175 





f\ * 

\ 1953* IX 
1 1 \ 1 \ 


Al954 £ *// \ . 


' \^ ' » 'A' 

\// f 


V 






1 1 1 . 1 



275 125 



250 100 



225 75 



200 50 



25 



,^953 




MI954 IjL. % 

7 f\ 
/ # // ~ 


\ 

\ 


' / / 

* 1 // 

> t / 
> 1 // 

* / / 


V 

V-XX.. 


i i 1 i i 


1952^ 

, , 1 , , 



125 



100 



75 



50 



25 



JUNE 



DEC. 



CLOTHING STORES* 

MILLIONS OF DOLLARS MILLIONS OF DOLLARS 

i6or n i6o 



135 



10 



85 



60 





A 




J 

If 


I f/f \ 

1 1 "M " 


iff 


I If 


i 



FURNITURE AND APPLIANCE STORES* 

MILLIONS OF DOLLARS MILLIONS OF DOLLARS 

100 



135 



110 



85 



60 




•k While these sales are good indicators of trends they differ somewhat in amount from the actual consumer expenditure on the items selected. 
* Includes department store sales in these categories. 



«•« 



203 



OCTOBER 1954 



1935-39 = 100 



VOLUME OF INDUSTRIAL PRODUCTION 
INDEXES NOT SEASONALLY ADJUSTED 

"Canadian Statistical Review", Dominion Bureau of Statistics 





Total 


Mining 


Manufacturing 


Electricity 




Total 


Non- 


Durables 


Manufactured 










Durables 




Gas 


Weighting 


100.0 


16.8 


75.6 


46.1 


29.5 


7.6 


Annual Average 














1949 


199.6 


131.7 


217.0 


198.2 


246.3 


176.1 


1950 


211.5 


145.4 


228.1 


208.3 


259.1 


190.9 


1951 


226.5 


161.8 


242.1 


214.0 


285.9 


214.2 


1952 


232.9 


174.7 


246.3 


215.2 


294.8 


228.8 


1953 


248.4 


185.8 


263.0 


224.1 


323.9 


241.9 


Monthly 














1953— Feb. 


242.0 


162.6 


258.3 


214.3 


327.0 


254.4 


Mar. 


246.8 


160.2 


265.6 


221.8 


334.1 


251.0 


Apr. 


254.6 


175.5 


270.9 


227.8 


338.4 


266.3 


Mav 


254.8 


180.4 


271.8 


230.3 


336.8 


250.0 


June 


257.5 


196.3 


273.3 


231.9 


338.1 


235.7 


July 


247.1 


206.5 


258.5 


219.5 


319.6 


223.4 


Aug. 


248.6 


201.1 


262.1 


230.5 


311.7 


218.4 


Sept. 


257.1 


212.2 


270.1 


235.1 


324.9 


226.7 


Oct. 


254.5 


200.0 


268.2 


232.5 


324.2 


237.7 


Nov. 


250.6 


194.1 


263.8 


230.7 


315.5 


244.4 


Dec. 


235.5 


176.0 


247.4 


210.8 


304.6 


248.0 


1954— Jan. 


229.1 


171.6 


240.2 


202.1 


299.7 


246.0 


Feb. 


239.4 


181.8 


251.1 


213.1 


310.5 


250.6 


Mar. 


236.8 


171.1 


250.0 


214.8 


305.1 


250.6 


Apr. 


242.4 


182.9 


253.6 


219.1 


307.6 


262.6 


Mav 


245.6f 


202.5 


254.1 


225.4 


298.9 


256.0f 


June 


252.9 


219.1 


260.3 


233.2| 


302. 6f 


253.lt 


July 


239.0* 


227. 8f 


241.8* 


214.7| 


284.2* 


235.7f 


Aug. 


244.2* 


227.0* 


249.0* 


226.9* 


283.7* 


233.9 



t Revised. * Preliminary. 



SELECTED HOUSING STATISTICS 

Central Mortgage and Housing Corporation 





Dwellings in New Structures 


Composite 
Price Index 

of 

Residential 

Building 

Materials 


Index of 
Average 

Hourly Wage 
Rates - All 

Construction 
Workers 


Composite 
Index of 

Residential 
Building 
Materials 

and Wage 
Rates 


Expenditures 

on New 

Residential 

Construction 

and Major 

Improve- 


Expenditures 

on 

Residential 

Repair 

and 

Maintenance 


Total 
Expenditures 




Started 


Completed 


Under 

Construction 








l 


2 


2, 3 


2 










Units 


1949 = 100 


Millions of Dollars 


Calendar Years 
1949 


90,509 


88,233 


59,503 


100.0 


100.0 


100.0 


775.0 


176.0 


951.2 


1950 


92,531 


89,015 


59,443 


106.4 


105.5 


106.1 


843.3 


191.0 


1,034.3 


1951 


68,579 


81,310 


45,926 


125.5 


119.4 


123.2 


821.6 


221.0 


1,042.6 


1952 


83,246 


73,087 


55,689 


124.9 


129.6 


126.7 


825.6 


203.2 


1,028.8 


1953* 


102,409 


96,839 


59,923 


123.9 


133.2 


127.4 


1,083.7 


213.6 


1,297.3 


Quarterly 
1952—1 


7,268 


13,066 


37,259 


126.1 


124.6 


125.5 


134.9 


49.9 


184.8 


II 


28,023 


15,274 


50,285 


124.6 


127.5 


125.7 


207.2 


50.4 


257.6 


III 


26,749 


18,445 


59,113 


124.6 


131.8 


127.3 


236.0 


51.1 


287.1 


IV 


21,206 


26,302 


55,689 


124.4 


134.7 


128.3 


247.5 


51.8 


299.3 


1953*— I 
II 


11,930 
34,816 


18,392 
21 ,099 


49,232 
62,791 


124.6 
124.7 


129.8 
131.0 


126.5 
127.1 


196.1 
279.7 


52.8 
53.1 


248.9 
332.8 


III 


32,925 


22,916 


73,055 


124.1 


134.3 


127.9 


306.6 


53.6 


360.2 


IV 


22,738 


34,432 


59,923 


122.3 


137.6 


128.1 


301.3 


54.1 


355.4 


1954*— I 


11,722 


20,327 


51,070 


121.3 


138.0 


127.6 


212.7 


55.0 


267.7 


II 


34,676 


21,244 


64,262 


121.3 


138.8 


127.8 


281.7 


55.2 


336.9 


1. At end of pen 
completed, some 
holiday pay allo\ 


od. Total start 
dwellings eonta 
ranees. * Pre 


s less completior 
ined more or les 
liminary. 


s do not equal f, 
s units than wer 


ie number of um 
e reported when 


ts under constru 
construction co 


ction due to adjt 
mmenced. 2. 


stments; e.g. cor 
Yearly and qua] 


struction either 
terly averages. 


ceased, or when 
3. Including! 



ffl 



205 



OCTOBER 1954 



POPULATION STATISTICS 



Thousands 




Dominion Bureau of Statistics 






Department of Citizenship and Immigration 




Canadian Population 




Immigration 




Total 
Popula- 
tion 

l 


Total 
Increase 


Births 


Deaths 


Net 
Natural 
Increase 


Net 
Migration 


Total 
Immi- 
gration 


From 
Britain 


From 
U.S.A. 


From 

Northern 

Europe 


From 
Other 
Areas 


1949— June 1 
1950— June 1 


13,447 
13,712 


265 
297 


366 
377 


124 
126 


242 
251 


+23 

+46 


84 
104 


17 
19 


8 
8 


18 
30 


41 

47 


1951 — June 1 


14,009 


421 


377 


121 


256 


+ 165 




216 


39 


8 


83 


86 


1952 — June 1 


14,430 


351 


398 


127 


271 


+80 




142 


43 


10 


55 


34 


1953 — June 1 
1954— June 1 


14,781 
15,195 


414 


426 


127 


299 


+ 115 




177 


49 


9 


69 


50. 


1951— June 1 


14,009 


113 


98 


28 


70 


+43 




56 


9 


2 


21 


24 


Sept. 1 
Dec. 1 


14,122 
14,228 


106 
88 


92 
88 


29 
32 


63 
56 


+43 
+32 




58 
44 


9 

7 


2 
2 


24 
15 


23 
20 


1952— Mar. 1 


14,316 


114 


99 


32 


67 


+47 




58 


14 


2 


23 


19 


June 1 


14,430 
14,534 
14,624 


104 


103 


30 


73 


+31 




44 


12 


3 


19 


10 


Sept. 1 
Dec. 1 


90 
68 


103 
93 


31 
33 


72 
60 


+18 
+8 




31 
18 


10 
5 


3 
2 


10 
5 


8 
6 


1953— Mar. 1 


14,692 
14,781 


89 


99 


33 


66 


+23 




49 


16 


2 


21 


10 


June 1 


112 


109 


31 


78 


+34 




53 


14 


2 


24 


13 


Sept. 1 
Dec. 1 


14,893 
15,005 


112 

78 


108 
100 


31 
32 


77 
68 


+35 
+ 10 




45 
26 


12 

7 


3 

2 


17 

7 


13 
10 


1954— Mar. 1 


15,083 
15,195 
15,313 


112 


109 


33 


76 


+36 




53 


16 


2 


21 


14 


June 1 
Sept. 1 


118 


112 


29 


83 


+35 




48 


13 


3 


21 


11 



1. The figure for June 1, 1951 is the census figure, all others are inter-censal estimates. 



U.S.A. ECONOMIC STATISTICS 

U.S. Department of Commerce 



U.S. Dept. of Labor 



Federal 
Reserve 





Gross 
National 
Product 


Change in 

Business 

Inventories 


Govt. 
Expend- 
iture on 
National 
Security 
1 


Personal 

Savings 

as a 

Percentag 

of 
Disposabl 


Total 
Personal 
: Income 


Con- 
struction 

3 


Unem- 
ployment 


Retail 
Sales 

4 


Consumer 
Price 
Index 


Wholesale 

Prices: 
All Com- 
modities 


Average 
Hourly 
Earnings 
in Manu- 
facturing 
S 


Total 
Industrial 
Production 

4 




Billions of Dollars 2 


Income 


Billions of $ 2 


Billionsof $ 


Millions 


Billions of $ 


1947-4 


9 = 100 


Dollars 


1947-49 = 100 


Annual Averages « 
1950 


285.1 


7.4 


18.5 


5.9 


227.1 


28.8 


3.1 


143.7 


102.8 


103.1 


1.47 


112 


1951 


328.2 


10.4 


37.3 


7.8 


255.3 


30.9 


1.9 


158.2 


111.0 


114.8 


1.59 


120 


1952 


346.1 


3.6 


48.5 


7.8 


271.2 


32.6 


1.7 


164.1 


113.5 


111.6 


1.67 


124 


1953 


364.9 


1.5 


52.0 


8.0 


286.1 


34.8 


1.5 


170.8 


114.4 


110.1 


1.76 


134 


Monthly 
1953— Feb. 


361.8 


2.8 


51.0 


7.7 


* 


2.3 


1.8 


14.5 


113.4 


109.6 


1.74 


134 


Mar. 










* 


2.5 


1.7 


14.4 


113.6 


110.0 


1.75 


135 


Apr. 










* 


2.7 


1.6 


14.3 


113.7 


109.4 


1.75 


136 


May 


I- 369.9 


5.4 


54.3 


7.8 - 


286.3 


2.9 


1.3 


14.4 


114.0 


109.8 


1.76 


137 


June 










287.3 


3.2 


1.6 


14.4 


114.5 


109.5 


1.77 


136 


July 










288.2 


3.3 


1.5 


14.5 


114.7 


110.9 


1.77 


137 


Aug. 


!■ 367.2 


2.0 


52.3 


8.0 | 


286.4 


3.3 


1.2 


14.1 


115.0 


110.6 


1.77 


136 


Sept. 










287.7 


3.3 


1.3 


14.0 


115.2 


111.0 


1.79 


133 


Oct. 


1 








287.8 


3.2 


1.3 


14.0 


115.4 


110.2 


1.79 


132 


Nov. 


f 360.5 


-4.2 


50.6 


8.6 - 


287.2 


3.0 


1.7 


14.1 


115.0 


109.8 


1.79 


129 


Dec. 


. 








287.0 


2.7 


2.3 

7 

3.1 


13.9 


114.9 


110.1 


1.80 


126 


1954— Jan. 


1 








f 284.9 
285.0 


2.4 


13.6 


115.2 


110.9 


1.80 


125 


Feb. 


[355.8 


-4.2 


46.9 


8.6 < 


2.3 


3.7 


14.0 


115.0 


110.5 


1.80 


125 


Mar. 


I 








285.0 


2.5 


3.7 


13.9 


114.8 


110.5 


1.79 


123 


Apr. 


| 








f 284.4 


2.8 


3.5 


14.2 


114.6 


111.0 


1.80 


123 


May 


356.0 


-3.8 


44.7 


7.8 - 


286.2 


3.1 


3.5 


14.0 


115.0 


110.9 


1.81 


124 


June 


J 








286.5 


3.3 


3.3 


14.4 


115.1 


110.0 


1.81 


124 


July 


] 








' 285.7 


3.5 


3.3 


14.3 


115.2 


110.4 


1.80 


124 


Aug. 


[356.0 


-4.0 


43.3 


7.3 • 


285.4 


3.6 


3.2 


14.2 


115.0 


110.5 


1.79 


124 


Sept.** 


J 








{ 287.4 


3.6 


3.1 


14.2 


114.7 


110.0 


1.81 


124 



1. Includes stockpiling, atomic energy, and Mutual Defence Assistance in 
addition to strictly military programmes. 

2. Seasonally adjusted annual rates. 

3. Value of new work put in place. 

4. Seasonally adjusted. 

5. Production workers. 



6. Quarterly averages for first four columns. Calendar year totals in the case 
of "Construction" and "Retail Sales". 

7. New sample covering 230 areas as against 68 in the old series begins with 
1954. Figures adjusted August to December, 1953, to link with new series. 

* Not available. 
** Preliminary, 
t Revised. 



OCTOBER 1954 



206 



Millions of Dollars 



EXTERNAL TRADE AND TRADE INDEXES l 

Compiled from "Trade of Canada", Dominion Bureau of Statistics 



TOTAL EXPORTS (EXCLUDING GOLD) TO 2 





U.S.A. 


U.K. 


Calendar Years 






1950 


2,051 


473 


1951 


2,334 


636 


1952 


2,349 


751 


1953 


2,463 


669 


12 Mths. end'g 






Sept. 1954 


2,369 


626 


Monthly 






1953-Jan. 


191.7 


49.5 


Feb. 


176.8 


36.4 


Mar. 


206.4 


38.8 


Apr. 


192.3 


45.3 


May 


224.2 


68.5 


June 


218.2 


77.3 


July 


212.7 


81.3 


Aug. 


199.9 


67.2 


Sept. 


211.4 


45.0 


Oct. 


201.9 


55.8 


Nov. 


204.0 


56.1 


Dec. 


223.5 


47.7 


1954-Tan. 


160.1 


38.1 


Feb. 


171.9 


44.9 


Mar. 


205.2 


52.8 


Apr. 


181.8 


39.5 


Mav 


213.0 


62.4 


Tune 


212.7 


52.8 


July 


194.9 


55.9 


Aug. 


196.0 


58.7 


Sept. 


203.9 


61.0 



Other 

Sterling 

Area 

3 



200 
266 
291 
252 

204 

17.7 
23.1 
18.4 
18.0 
24.0 
27.7 
24.7 
19.4 
25.7 
16.3 
19.7 
17.0 

12.5 
12.5 
14.1 
19.8 

20.8 
18.0 
18.2 
20.4 
14.5 



Western 

Europe & 

Colonies 

4 



199 
364 
468 
367 

336 

22.4 
19.5 
17.9 
21.8 
38.5 
52.0 
43.8 
26.7 
24.1 
33.4 
35.1 
31.7 

22.8 
21.1 
19.7 
22.8 
32.8 
31.5 
26.4 
27.6 
31.0 



Central 

and 

South 

America 



154 
217 
281 
207 

204 

18.8 
13.6 
17.7 
17.0 
15.5 
21.4 
17.0 
12.1 
18.2 
19.1 
21.0 
15.5 

11.8 

14.2 
15.2 
20.6 
20.2 
17.4 
18.2 
14.4 
16.4 



All 
Other 



80 
146 
216 
216 

195 

20.8 
10.2 
13.8 
10.4 
14.3 
19.4 
18.8 
21.6 
19.4 
21.3 
19.3 
25.5 

20.1 
15.2 
14.1 
13.7 
14.4 
15.3 
15.5 
11.0 
9.9 



Total 

All 

Countries 



3,157 
3,963 
4,356 
4,173 

3,934 

321.3 
279.6 
313.0 
304.8 
385.0 
416.0 
398.3 
346.9 
343.8 
347.8 
355.2 
360.9 

265.4 
279.8 
321.1 
298.2 
363.6 
347.7 
329.1 
328.1 
336.7 



New Gold 

Production 

Available 

for 

Export 



163 
150 
150 
144 

144 

16.0 

16.1 

15.6 

11.7 

12.0 

13.7 

9.3 

10.7 

10.4 

9.9 

9.1 

9.8 

11.5 
10.2 
12.8 
13.8 
13.7 
15.6 
13.6 
13.3 
11.9 



EXPORT INDEXES s 
1948- 100 



Total 
Value 



101.4 
127.3 
139.9 
133.9 



123.8 
107.5 
120.1 
117.5 
148.4 
160.6 
153.4 
133.7 
132.0 
134.0 
136.9 
138.8 

101.7 
105.4 
123.2 
114.1 
139.8 
133.7 
126.4 
125.9 



Price 



108.3 
123.0 
121.8 
118.3 



119.6 
119.2 
119.4 
119.5 
118.9 
119.2 
118.7 
118.8 
118.4 
118.4 
117.1 
116.7 

116.1 
116.5 
115.7 
116.4 
116.3 
116.7 
115.4 
114.8 



Physical 
Volume 



93.6 
103.5 
114.9 
113.2 



103.5 
90.2 
100.6 
98.3 
124.8 
134.7 
129.2 
112.5 
111.5 
113.2 
116.9 
118.9 

87.6 
90.5 
106.5 
98.0 
120.2 
114.6 
109.5 
109.7 





TOTAL IMPORTS (EXCLUDING GOLD) FROM 






Excess of 


IMPORT INDEXES 5 


















Merchandise 
Exports 

OVER 




1948-100 










Other 


Western 


Central 




Total 














U.S.A. 


U.K. 


Sterling 


Europe & 


and 


All 


All 


Merchandise 


Total 




Physical 








Area 
3 


Colonies 
4 


South 
America 


Other 


Countries 


Imports 


Value 


Price 


Volume 


Calendar Years 
























1949 


1,952 


307 


187 


83 


193 


39 


2,761 


261 


104.7 


102.6 


102.0 


1950 


2,131 


404 


242 


114 


215 


68 


3,174 


-17 


120.4 


110.3 


109.2 


1951 


2,813 


421 


309 


181 


275 


86 


4,085 


-122 


154.8 


126.2 


122.7 


1952 


2,977 


360 


186 


157 


285 


66 


4,031 


326 


152.3 


110.4 


138.0 


1953 


3,221 


453 


173 


179 


291 


66 


4,383 


-210 


165.2 


109.4 


151.0 


12 Mths. end'g 
























Aug. 1954 


3,000 


419 


179 


187 


288 


69 


4,142 


-205 








Monthly 
























1953-Jan. 


249.2